28
Thu, Mar
51 New Articles

Glimstedt and Cobalt Advise on Resolution Holdings Acquisition of Luminor Bustas

Glimstedt and Cobalt Advise on Resolution Holdings Acquisition of Luminor Bustas

Lithuania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Glimstedt and Cobalt have advised Resolution Holdings on its acquisition of real estate brokerage company UAB Luminor Bustas from Luminor bank and on its investment in UAB Trecia Diena. The deal value was not disclosed.

The Resolution Holdings company group is present across the Baltic countries. It operates such companies as Newsec valuations, Newsec advisers LT, Newsec Finance LT, Newsec property management LT, Newsec project management, and NWC valuations.

The closing of the transaction is expected to occur in three to four months time. It will be followed by a name change of UAB Luminor Bustas to Resolution. Services will be provided under the Re&Solution brand. 

Cobalt's team was led by Vilnius-based Partner Elijus Burgis and included Associate Julija Timoscenko.

Glimstedt's team consisted of Associate Partner Karolina Baronaite-Birmonte, Senior Associate and attorney-at-law Asta Macijauskiene, Associate Domantas Gudonis, and Junior Associate Simona Butkute.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. 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 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.