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Cobalt and TGS Baltic Advise on Sale of Bauhof Hardware Store Chain to Ermitazas

Cobalt and TGS Baltic Advise on Sale of Bauhof Hardware Store Chain to Ermitazas

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Cobalt has advised MyInvest Estonia on its sale of the Bauhof hardware store chain to Lithuanian hardware store chain Ermitazas, a subsidiary of the Vilniaus Prekyba Group. The buyer was represented by TGS Baltic Lithuania.

Completion of the transaction is subject to merger clearance by the Estonian Competition Authority.

According to Cobalt, while "Bauhof is the leader in building materials and DIY retail market with its 13 stores in Estonia, Ermitasas belongs to one of the largest business groups in Lithuania, Vilniaus Prekyba. Among its biggest subsidiaries are Maxima Group, pharmacy chain Euroapotheca, chain of construction and finishing materials Ermitazas, and commercial real estate development and management company Akropolis.”

In its own press release, TGS Baltic said, that "after the acquisition, it is expected that Ermitazas will be the third largest merchant of construction materials and household items in the Baltics."

The Cobalt team included Senior Associate Kristjan Kotkas, Partner Peeter Kutman, and Associates Madis Reppo, Liina Saaremets, and Marit Martens.

The TGS Baltic team included Partners Marius Matonis, Dalia Tamasauskaite-Ziliene, Kadri Kallas, and Sander Karson, Advocates Indre Vickaite and Katri Paas-Mohando, and Associate Advocates Ramunas Svencionis and Giedrius Svidras.

 

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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