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Cobalt Advises Dasos Capital on Acquisition of Euroforest’s Lithuanian Forest Assets

Cobalt Advises Dasos Capital on Acquisition of Euroforest’s Lithuanian Forest Assets

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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.

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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