The Vilnius office of Walless has advised the unidentified founders of the Alwark Group on the sale of 66% of their shares in the company to the KJK Fund III. Cobalt advised the buyer on the deal.
Financial details of the transaction were not disclosed.
The Alwark Group is a provider of sales, rental, and maintenance of new and used material handling, warehouse, seaport, and airport equipment, among other things. The company operates in Lithuania, Latvia, and Estonia and maintains over 3,500 industrial equipment units in the Baltic region.
The Walless team consisted of Managing Partner Dovile Burgiene and Senior Associate Domas Sileika.
Cobalt’s team included Managing Partner Irmantas Norkus and Senior Associate Zygintas Voronavicius.