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Primus Derling and Marger Advise JNG Investments on Acquisition of Lithuanian Logistics Company

Primus Derling and Marger Advise JNG Investments on Acquisition of Lithuanian Logistics Company

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Primus Derling in Lithuania has advised JNG Investments Estonia on the acquisition by its VIA 3L subsidiary — a third-party logistics service provider in Estonia and Latvia — of fellow third party logistics company Terminal LT from GIRTEKA. The sellers were advised by the Marger Law Firm.

JNG Investments is a holding company for the JUNGENT Group in Estonia, and according to Primus Derling it "is a professional partner for more than 60 outstanding international and national suppliers and producers." According to the firm, its purchase of Terminal LT was executed by means of a closed tender from Lithuania's GIRTEKA, which the firm describes as "the biggest transport and logistics services provider in the region and one of the biggest in Europe."

The transaction is expected to close in January 2020.

The Primus Derling team was led by Partner Giedre Dailidenaite and included Partners Ernesta Ziogiene, Tomas Venckus, and Robert Juodka, Senior Associates Vilma Rakleviciene, Greta Bagdanaviciute, Petras Pinevicius, Sarune Prankonyte-Segen, and Jaroslav Pavlovskij, Associates Aneta Ladys, Ingrida Maciute, and Karolis Diska, and Junior Associate Gerda Gapsyte.

The Marger team was led by Partner Ramunas Kontrauskas and included Attorney Julius Petrulionis and Assistant Kazimieras Vasiliauskas.

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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