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Sorainen and Cobalt Advise on UniPark and Parkdema Merger

Sorainen and Cobalt Advise on UniPark and Parkdema Merger

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Sorainen has advised the Modus Group on the merger of its UniPark brand with Parkdema, managed by the Energy and Infrastructure SME Fund of investment company Lords LB Asset Management. Lords was advised by Cobalt on the deal, which, following approval from the Lithuanian Competition Council, is expected in March 2018.

Modus Group, a multinational group of companies with operations in the Baltics, Belarus, Poland and Spain, is developing its business in four areas: renewable energy, car sharing service Citybee, smart parking solutions provider Unipark, and managing branches of eighteen car brands.

Lords LB Asset Management is an investment management company licensed by the Bank of Lithuania that has served institutional and private investors since 2008.

Sorainen represented the Modus Group in negotiations and assisted in preparation of the transaction structure and documentation. The firm's team consisted of Counsel Mantas Petkevicius and Senior Associate Deimante Pagiriene.

Cobalt represented Parkdema in negotiations regarding the sale of shares and assisted with the creation of transaction-related documentation, as well as assisting it in obtaining merger clearance from the Lithuanian Competition Council. The firm's team included Partner Elijus Burgis, Senior Associate Inga Mazvilaite, and Associates Justinas Sileika and Laurynas Juozapaitis.


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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