Cobalt has advised the Jersey-based fund Scope Growth III L.P. on Estonian aspects of its acquisition of the lingerie brand Miss Mary of Sweden.
"Miss Mary offers world-class quality lingerie," according to Cobalt, which goes on to explain that "the company differs from other lingerie manufacturers by keeping the entire product life-cycle inside the company. The company was founded in 1957 in Boras, Sweden, where the design team, atelier and sample sewing department are located to this day. The products are primarily manufactured in Tallinn, Estonia."
According to Cobalt, "the Scope Funds invest in Nordic growth opportunities, partnering with organizations with a proven value added and a differentiated value proposition to create sustainable, growing companies. Scope manages two funds with a combined capital of 200 million euros."
The Cobalt team was led by Partners Martin Simovart and Marina Kotkas, Specialist Counsel Jesse Kivisaari, and Senior Associates Heleri Tammiste and Mattias Tammeaid.