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Ellex Valiunas and Cobalt Advise on Reitan Acquisition of Lithuanian Coffee Shop Chain

Ellex Valiunas and Cobalt Advise on Reitan Acquisition of Lithuanian Coffee Shop Chain

Lithuania
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Ellex Valiunas has advised the shareholders of Caffeine on the sale of 100% of the company's shares to Norway's Reitan Convenience, which operates the Narvesen and Lietuvos Spauda chains of convenience stores and news agents in Lithuania. The buyer was represented by Cobalt.

According to Cobalt, "the coffee shop chain Caffeine was founded by four Lithuanian entrepreneurs in 2007 who will continue to manage the company after the close of the transaction."

“Caffeine is one of the strongest coffee shop brands in the Baltics and is known for its quality coffee and excellent service," said Johannes Sangnes, head of Reitan Convenience AS. "The company’s coffee shops are located at the best locations in the largest cities. We are planning to grow our business in the Baltics, and believe that Caffeine will give us new opportunities for expansion in other countries.“ 

The Reitan Group consists of five business units: REMA 1000, Reitan Convenience, the Uno-X Group, Reitan Properties, and Reitan Capital. The turnover of the Norwegian group of companies, which employs 37,000 people, exceeds EUR 9 billion. Reitan Convenience has 2,250 stores in seven countries (Lithuania, Latvia, Estonia, Finland, Norway, Sweden, and Denmark) where it operates Narvesen, 7 Eleven, Northland, Pressbyran, R-kioski, R-kiosk, and Lietuvos Spauda.

According to Cobalt, "BaltCap made investments in the Caffeine coffee shop chain in 2012. Since then, the chain has grown to more than 60 shops across Lithuania, Latvia, and Estonia."

Ellex’s team included Associate Partner Robertas Ciocys and Senior Associate Povilas Junevicius.

The Cobalt team was led by Managing Partner Irmantas Norkus and included 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

All News about Cobalt can be found here.

 

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