Cobalt has advised the owners of Lithuanian wood pellet manufacturer Granulita on the sale of the company to Zalvaris. PwC Legal advised the buyers.
Zalvaris is an industrial waste management company. It already runs wood waste management and vehicle disposal operations in Lithuania. Zalvaris is part of the GreenGroup, backed by Abris Capital Partners.
The Cobalt team included Partner Juozas Rimas and Senior Associate Jurate Masiulyte-Katakine.
The PwC Legal team included Partner Rokas Bukauskas, Attorneys at Law Maksimas Saveljevas and Teodoras Steponavicius, and Senior Associates Ginta Siksniene and Auguste Siutilaite.
