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Cobalt and TGS Baltic Advise on Debifo and Factris Merger

Cobalt and TGS Baltic Advise on Debifo and Factris Merger

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Cobalt has advised Lithuanian invoice financing company UAB Debitum Fori, operating under the trade name Debifo, on the sale of the company to Dutch factoring company Factris. TGS Baltic advised Factris on the acquisition.

This acquisition was financed by Speedinvest and Optima Investments.

According to Cobalt, "Factris focuses on simplifying the business finance process, ensures the stability and reliability of funding, and continuously expands its partner network in Europe." The firm reports that in December 2018, Factris signed a EUR 100 million credit line agreement with Swiss investment company Ruvercap. These funds will be used to finance the working capital of European small and medium-sized enterprises.

The Cobalt team was led by Partner Juozas Rimas and included Partner Rokas Daugela and Associate Lawyer Justinas Kondratas.

TGS Baltic’s team consisted of Partner Dalia Tamasauskaite - Ziliene, Junior Associate Goda Drasute and Trainee Paulius Dabulskis.

Lithuanian 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

All News about Cobalt can be found here.


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