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Cobalt Advises BPM Mezzanine Fund SICAV-SIF, SCA on Financing of AS Eskaro

Cobalt Advises BPM Mezzanine Fund SICAV-SIF, SCA on Financing of AS Eskaro


Cobalt Estonia has advised BPM Mezzanine Fund SICAV-SIF, SCA on matters related to the financing of AS Eskaro. 

Cobalt describes AS Eskaro as "one of the leading producers of paints in the region, with factories in Estonia, Finland, Belarus, Russia, and Ukraine." The company, which is a subsidiary of Eskaro AB, has been operating for over 20 years, starting in Tallinn in 1993. The company will be using the funds as working capital, as well as for refinancing. According to Andres Assor, a member of the Eskaro Board of Directors, “this transaction is an important step forward for us providing financial stability and strength for further growth. Eskaro brands are among the most recognized and trusted by consumers in our key markets. Attracting a strong financial partner allows Eskaro to continue gaining the market share in the countries we operate.”

BPM Capital is an independent investment company with offices in Tallinn and Warsaw. Cobalt describes BPM Mezzanine Fund as "a vehicle for several distinguished investors." It was originated through the Baltic Innovation Fund (BIF) initiative created by cooperation between Estonia, Latvia, Lithuania, and the European Investment Fund. 

The Tallinn-based Cobalt team included Partner Peeter Kutman, Senior Associate Ott Aava, and Associate Sille Rastas.

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

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