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Cobalt and Ellex Advise on BaltCap’s Acquisition of Rahva Raamat

Cobalt and Ellex Advise on BaltCap’s Acquisition of Rahva Raamat

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Cobalt has advised the BaltCap Private Equity Fund III on the acquisition of Rahva Raamat. Ellex advised Rahva Raamat.

The transaction remains contingent on regulatory approval.

According to Cobalt, “BPEF III invests in innovative companies in the Baltics and Nordic countries following a buy-and-build strategy. Rahva Raamat is a book business with long-standing traditions that has 12 stores in eight different cities. In addition, Rahva Raamat supplies the largest retail chains, libraries, and other books stores.”

According to Ellex, “Rahva Raamat is a strategic addition to BaltCap’s recent acquisition of Lithuania’s leading publisher Alma Littera and bookstore chain Pegasas. Following the acquisition, Rahva Raamat will continue to be managed by its current management team.”

Cobalt’s team included Partner Peeter Kutman, Managing Associate Ott Aava, and Junior Associate Elis Toim.

Ellex’s team was led by Partner Ermo Kosk.

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