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Cobalt Advises INVL Baltic Forests Fund I on Sale of Lithuanian Forests

Cobalt Advises INVL Baltic Forests Fund I on Sale of Lithuanian Forests

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Cobalt has advised the INVL Baltic Forests Fund I, managed by INVL Asset Management, on the sale of 100% of shares in UAB Aukstagire and UAB Aukstasile to Silvestica Green Forest Lithuania, which was reportedly advised by 3Law Miskinis & Partners.

INVL Baltic Forests Fund I is part of a closed-end umbrella fund, INVL Alternative Assets Umbrella Fund, intended for informed investors. According to Cobalt, “the INVL Baltic Forests Fund I subfund invests in the Baltic countries in forests that are suited to forestry activities.” 

UAB Aukstagire and UAB Aukstasile jointly own more than 750 land plots, amounting to more than 4,000 hectares.

Silvestica Green Forest is a long-term forest-oriented fund for institutional investors that invests in forests in Sweden, Finland, Lithuania, Latvia, and Estonia. The Silvestica Fund owns more than 10,000 hectares of forest in Lithuania, and about 50,000 hectares of forest overall.

The Cobalt team included Managing Partner Irmantas Norkus and Senior Associate Inga Mazvilaite.

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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