Cobalt has advised LHV Asset Management and LHV pension funds on their financing for the share buyout of the Dimedium Group. Ellex advised Dimedium.
According to Cobalt, “as a result of the transaction, Sivar Irval and Oliver Kullman bought the shares of the co-shareholders of the Dimedium Group with the financing of LHV. After the transaction, the Irval company owns a 75% stake.”
The Dimedium Group is an Estonian wholesaler of veterinary medicines and products, founded in 2015.
LHV is an Estonian financial group founded in 1999.
Cobalt’s team included Estonia-based Partner Marina Kotkas, Associate Maarja Tambet, and Junior Associate Christine Magi, Latvia-based Partners Edgars Lodzins and Guntars Zile, Senior Associates Diana Zepa and Krisjanis Buss, and Associate Aigars Batars, and Lithuania-based Partner Eva Suduiko, Managing Associate Julija Beldeninoviene, and Senior Associates Laura Ryzgelyte and Lina Aleknaite-van der Molen.
Ellex’s team included Partner Ermo Kosk, Counsel Toomas Kasesalu, Senior Associate Hanna Pahk, and Lawyer Liis Tava.