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Sorainen and Cobalt Advise on MM Capital Infrastructure Fund's Acquisition of Stake in Conexus Baltic Grid

Sorainen and Cobalt Advise on MM Capital Infrastructure Fund's Acquisition of Stake in Conexus Baltic Grid

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Sorainen Latvia and Herbert Smith Freehills have advised MM Capital Infrastructure Fund I, a Marubeni-backed fund, on the acquisition of a 29.06% interest in JSC Conexus Baltic Grid, a unified natural gas transmission and storage operator in Latvia, from Marguerite Gas I. Marguerite was advised by CMS London and Cobalt on the transaction, which remains subject to regulatory approval.

According to Sorainen, “MM Capital Infrastructure Fund 1, is managed by MM Capital Partners, which was formed in 2018 by Marubeni Corporation, Mizuho Bank, and Asset Management One, for the purpose of operating and managing funds specialized in equity investments in infrastructure assets.”

The Marubeni Corporation is a Japanese trading and investment company.

Sorainen's Latvian team consisted of Country Managing Partner Eva Berlaus, Counsel Andris Burkevics, Senior Associates Renate Purvinska and Zanda Frisfelde, and Associates Andris Vilisons and Zane Akermane.

The Herbert Smith Freehills team in London was led by Partner Lewis McDonald and Senior Associate Eliza Eaton.

The CMS team was led by London-based Partner Charles Currier.

Cobalt's team included Latvian Partner Guntars Zile and Senior Associates Martins Tarlaps and Elina Locmele.

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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