Raidla Lejins & Norcous has advised UAB LTk Capital and UAB G Capital on their sale of 100% interest in the UAB Kruzas Nordic Cosmetics Distribution cosmetics wholesaler to Berner.
Berner is a Finnish family-owned company that has been building its product brands for 130 years. It is focused on manufacturing and distribution of various consumer goods, sporting goods, and agriculture production -- and cosmetics trade. The acquisition of UAB Nordic Cosmetics Distribution is likely to help consolidate Berner’s presence in the Baltic States.
UAB Kruzas Nordic Cosmetics Distribution is one of the largest independent cosmetics and perfume wholesalers in the Baltic countries. In 2007, the Company opened its subsidiary SIA Kruzas NCD Latvia, and in 2009 the company expanded to Estonia. The company currently has over 90 employees across the three Baltic countries.
Raidla Lejins & Norcous’ responsibilities included the preparation and management of the data room, structuring the acquisition, drafting the entire package of transaction documents, negotiations with the buyer, and assistance in closing the transaction. The team was led by Partner Elijus Burgis and Senior Associate Eva Suduiko.