Cobalt has advised B2Kapital SIA on the acquisition of a non-performing loan portfolio from SIA Hiponia in Latvia.
B2Kapital procures and manages corporate and retail, secured, and unsecured non-performing loans. The Riga-based company operates as a subsidiary of B2Holding ASA, a European distressed asset solution provider for banks and institutional vendors.
Cobalt Latvia office acted as the legal counsel to B2Kapital. Within the acquisition process their office conducted legal due diligence, as well as provided structuring and transactional advice to the buyer. The team was led by Partner Gatis Flinters, accompanied by Senior Associate Maijfa Tipaine and Associate Dita Busa.
Cobalt said that confidentiality concerns prevented it from identifying counsel for sellers.