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Walless and Cobalt Advise on Vilniaus Baldai Loan from EBRD and Citadele Bank Lithuania

Walless and Cobalt Advise on Vilniaus Baldai Loan from EBRD and Citadele Bank Lithuania

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Walless has helped Vilniaus Baldai get a parallel loan of EUR 37.8 million from the EBRD and AS Citadele Banka's Lithuanian branch. Cobalt advised the lenders on the deal.

According to Walless, the loan will help Vilniaus Baldai, a Lithuanian furniture supplier, improve its production capacity by constructing a new manufacturing plant to replace its current facilities and consolidate its operations in one location. 

The Walless team consisted of Partner Evaldas Klimas, who advised Vilniaus Baldai on the construction agreement, and Partner Dovile Burgiene and Associate Enrika Tamasauskaite, who worked on financing aspects of the deal. 

The Cobalt team consisted of Associate Partner Eva Suduiko and Senior Associate Lina Taletaviciute-Misiuniene.

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

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