Cobalt has advised Dasos Capital Oy on its acquisition of Euroforest’s Lithuanian forest assets. Ellex reportedly advised Euroforest Lithuania on the sale.
A consortium led by Dasos Capital agreed to purchase the entire Lithuanian forest portfolio of Euroforest AB, comprising approximately 15,000 hectares of forest land. According to Cobalt’s press release, Dasos already has a strong presence in the Baltic Sea region where wood demand is growing rapidly, and the acquisition further strengthens Dasos’s position as major wood supplier in the region.
Dasos Capital is a Finland-based investment advisor to institutional investors, endowments, private banks, family offices, and other clients interested in sustainable international timberland investing. Dasos generates returns in the form of net cash flows from sustainable forest management, forest certification, as well as from utilizing identified market and management inefficiencies.
Euroforest is a Swedish company acquiring and managing forest land in Europe. The companies’ shares are traded in the market place of Alternativa aktiemarknaden, Sweden.
Cobalt’s team was led by Partner Juozas Rimas and included Associates Julija Timoscenko and Simas Paukstys.
