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M&A, Cobalt, and Sorainen Advise on Baltic Media Holding Share Sale to Havas

M&A, Cobalt, and Sorainen Advise on Baltic Media Holding Share Sale to Havas

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Motieka & Audzevicius has advised Lithuania's Publicum Group and Cobalt has advised Estonia's Idea Group on their joint sale of 51 percent of Baltic Media Holding OU to Havas Media Group. Sorainen advised the Havas Media Group on the acquisition.

As a result of this transaction, Baltic Media Holding will use the Havas brand to provide public relations, media planning, advertising, digital marketing, and other communication services in the Baltic States. Baltic Media Holding is a controlling entity of operating companies, which were part of Publicum and Idea groups.

The Idea Group is a group that unites 19 marketing communication agencies in Estonia, Latvia and Lithuania. Havas is a communications group that is part of the Vivendi Group.

The Motieka & Audzevisius team consisted of Partner Giedrius Kolesnikovas, Senior Associate Michail Parchimovic, Associate Rokas Jankus, and Junior Associate Laurynas Ramonas.

Cobalt’s team was led by Partner Peeter Kutman and Associate Madis Reppo, supported by Senior Associate Tonu Kolts and Associate Mart Blondal.

The pan-Baltic Sorainen team was led by Tallinn-based Partner Toomas Prangli, who was supported by Senior Associates Kai Vainola and Piret Lappert from Estonia, Senior Associate Janis Bite from Latvia, and Associate Inga Macijauskaite from Lithuania.

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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