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Sorainen Advises Capitalica Asset Management on Entrance to First North Market in Lithuania

Sorainen Advises Capitalica Asset Management on Entrance to First North Market in Lithuania

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Sorainen has advised Capitalica Baltic Real Estate Fund I on its entrance to the alternative First North market in Lithuania.

Capitalica Real Estate Baltic Fund I is a closed-end investment undertaking that is managed by Capitalica Asset Management. The fund’s bonds were listed on July 30, 2019.

Capitalica Baltic Real Estate Fund I manages business centers in Vilnius and Kaunas and is planning to build Verde class A business centers in Riga, Latvia. The fund issued a bond amounting to EUR 3 million. Sorainen reports that during the primary placement 70 investors purchased bonds. The second phase of the bond offering will continue until September 3, 2019. In total, up to EUR 5 million is expected to be raised through the public bond offering.

Capitalica Asset Management specializes in commercial real estate management in the Baltic States. The company is 80% owned by major Lithuanian capital group SBA, with the remaining 20% owned by A. Barstys’ Fox Holdings.

The Sorainen team consisted of Partner Augustas Klezys and Senior Associate Dalia Augaite.

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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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