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CEE Attorneys Advises Baltijos Tekstile on Its Share Capital Sale to Gabriel A/S

CEE Attorneys Advises Baltijos Tekstile on Its Share Capital Sale to Gabriel A/S

Lithuania
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CEE Attorneys has advised fabric manufacturer Agne Chomiciene and Malte Holding Aps on the division of UAB Baltijos Tekstile into two parts, and the consequent EUR 4 million sale of the remainder of the company to long-term business partner Gabriel A/S. KPMG Denmark represented Gabriel A/S in the deal.

UAB Baltijos Tekstile (BTC), a textile company established in 1936 in Lithuania, was divided into Sesupes Turtas, which remains owned by Agne Chomiciene and Malte Holding Aps, and BTC, which was then sold to Gabriel. 

Established in 1851 in Denmark, Gabriel Holding develops, manufactures, and sells furniture fabrics of wool and micro fibers, and related textile products. The company's product line includes fabrics for upholstered furniture, as well as for office, theater, hospital, and hotel furniture, and furnishing fabrics for trains, ships, cars, and buses.

Gabriel and BTC have worked together since 1999. 

The CEE Attorneys team consisted of Partner Daina Senapediene, Senior Associate Aleksandr Masaliov, Associate Agne Vaitkeviciute and Agne Jakstaite, and Junior Associate Agne Jakstaite.

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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

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