Cobalt has advised BPM Mezzanine Fund on its backing of the acquisition of 100% of DenEesti OU by an unidentified buyer.
DenEesti is a secure shoreside and port services provider for the cruise industry, specializing in the Baltic Ports, Russia, the Black Sea, and the British Isles. The company was founded in 1999 by UK and Estonian tourism professionals to offer shore services to cruise ships in Tallinn.
BPM Capital is an independent investment company that provides mezzanine financing in the Baltic region and Poland. Backing DenEesti was their seventh transaction in the Baltics.
Cobalt’s team including Partner Peeter Kutman and Senior Associate Kristjan Kotkas.
Editor’s Note: After this article was published, CEE Legal Matters learned that Managing Director Ryan Jenkins acquired 100% of the shares from the founders DenEesti -- UK and Estonian tourism professionals – advised by Pohla & Hallmagi Partner Toivo Viilup.