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Kinstellar, SK&S, and Cobalt Advise Stada Arzneimittel on Acquisition of Walmark from Mid Europa

Kinstellar, SK&S, and Cobalt Advise Stada Arzneimittel on Acquisition of Walmark from Mid Europa

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Kinstellar, Soltysinski Kawecki & Szlezak, and Cobalt have advised Stada Arzneimittel on the acquisition of Walmark from Mid Europa Partners. White & Case and Weil, Gotshal & Manges reportedly advised the sellers on the deal.

The transaction is subject to customary anti-trust clearance and is expected to close in the first quarter of 2020. Financial details were not disclosed. 

Mid Europa acquired 50% of Walmark in 2012 and the remainder in 2015 (as reported by CEE Legal Matters on October 20, 2015). Walmark is a Central European manufacturer of consumer health products that has a direct presence in the Czech Republic, Slovakia, Poland, Hungary, Bulgaria, Romania, Lithuania, Latvia, and Estonia, and that sells its products in more than 40 countries worldwide. 

The Kinstellar team was co-led by Partner Anthony O'Connor from Budapest and Partner Lukas Sevcik and Counsel Karla Rundtova from Prague.

Editor's Note: After this article was published Cobalt announced that its team providing Baltic assistance to Stada was led by Estonia-based Partner Martin Simovart and Senior Associate Madis Reppo, working with Partner Elo Tamm, Associate Marit Martens and Associate Tiit-Gregor Mets in Estonia, Partner Guntars Zile, Senior Associates Elina Locmele, Ugis Zeltiņs and Kristine Patmalniece, and Associate Diana Zepa in Latvia, and Partners Juozas Rimas and Rasa Zasciurinskaite and Associates Julija Timoscenko and Samanta Sereikaite in Lithuania.

Subsequently, in March 2020, Kinstellar announced that the deal had successfully closed.

Latvian 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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