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Cobalt Advises BaltCap Growth Fund on Investment in Pihlakodu Chain

Cobalt Advises BaltCap Growth Fund on Investment in Pihlakodu Chain

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Cobalt has advised the BaltCap Growth Fund on investing almost EUR 3 million of growth capital in Viru Haigla AS to expand the Pihlakodu chain of elderly care homes. As a result of the transaction, BaltCap will acquire a minority shareholding in Viru Haigla AS.

BaltCap established BaltCap Growth Fund in cooperation with the Baltic Innovation Fund for investment purposes. The Baltic Innovation Fund was created by the Estonian, Latvian, and Lithuanian governments, and the European Investment Fund to boost equity investments into Baltic companies.

Pihlakodu is a chain of elderly care homes in Estonia. It operates close to 500 elderly nursing homes.

Cobalt’s team consisted of Partner Peeter Kutman, Senior Associate Karl Kull, and Assistant Lawyer Tiit-Gregor Mets.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


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