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TGS Baltic and Deloitte Advise CVI on Secured Mezzanine Bonds Transaction for SIA Riga Retail Park

TGS Baltic and Deloitte Advise CVI on Secured Mezzanine Bonds Transaction for SIA Riga Retail Park

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TGS Baltic and Deloitte Legal have advised CVI Dom Maklerski on financing provided to SIA Riga Retail Park for the purposes of co-financing its acquisition of real property as well as the construction and development of the Saga Lifestyle and Shopping Centre in Stopini, a suburb of Riga, by Baltic real estate developer VPH UAB.

According to TGS Baltic, “the bonds were issued by Latvian company SIA Riga Retail Park under Polish law, but the securities were established under Latvian law. The bond issue was also a subordinated transaction to the senior loan to be issued by a syndicate of banks in Latvia.”

As previously reported, Ellex and Sorainen advised on the underlying deal (as reported by CEE Legal Matters on February 20, 2020).

TGS Baltic’s team included Partner Inese Hazenfusa, Associate Mikelis Ozolns, and Legal Assistant Martins Galzons.

Deloitte's team included Senior Managing Associate Antoni Goraj, Managing Associate Mariusz Banas, and Lawyer Sylwia Karpinska.

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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