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Cobalt Advises Vink Nordic Holding on Acquisition of Proplastik

Cobalt Advises Vink Nordic Holding on Acquisition of Proplastik

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Cobalt has advised London-based Vink Group, Europe’s largest semi-finished plastics distributor, on its acquisition of three Baltic companies, OU Proplastik, SIA Proplastik, and UAB Proplastik. TGS Baltic advised the Proplastik shareholders on the transaction. Financial details were not disclosed.

Proplastik, which was founded in 1996, is a plastic distributor with offices in Estonia, Latvia, and Lithuania. The group’s annual revenue is approximately EUR 20 million and it employs over 40 people in the Baltics. According to Taavi Reigam, CEO of Proplastik OU in Estonia, the transaction is an important milestone for the group: “Proplastik is now part of the leading international player in the sector. It allows to further improve our product offering and service level to our customers across the Baltics. It is good news for all our clients and employees.”

Vink Group operates as a federation of over 100 independent businesses in 16 European countries and China, with approximately EUR 100 million of inventory in its network of warehouses and factories. 

Cobalt's pan-Baltic assistance was led by a team from its Estonian office consisting of Specialist Counsel Ott Aava, Partner Peeter Kutman, Associate Liina Saaremets, and Assistant Lawyer Kerli Paasoja. Partner Guntars Zile, Senior Associate Elina Locmele, and Associates Diana Zepa and Juta Gulkevica from Cobalt's Latvian office and Senior Associates Inga Mazvilaite and Jovita Valatkaitc from the firm's Lithuanian office assisted on local matters.

Editor's Note: After this article was published TGS Baltic announced that it had advised the owners of Proplastik in Estonia, Latvia, and Lithuania on the deal. The firm's team was led by Estonian Partner Sander Karson, supported by Associate Sille Rastas. Riga-based Partner Andra Rubene and Associate Reinis Grunte assisted on Latvian matters and Vilnius-based Partner Dalia Tamasauskaite-Ziliene and Associate Indre Vickaite-Liatuke assisted with respect to Lithuanian matters.

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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