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SPC Legal Assists Modus Group in Changing Holding Structure

SPC Legal Assists Modus Group in Changing Holding Structure

Lithuania
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SPC Legal has assisted Modus Group in changing its holding structure by making 19 intra-group transfers to change the subordination system of different businesses.

According to SPC Legal, "Modus Group involves plenty of companies (including Krasta Auto, Prime Auto, Autobrava, Unipark, CityBee, etc.), together generating revenue of approximately EUR 220 million and holding assets (property) exceeding EUR 125 million in value.

SPC Legal reports that 13 of the sales have been already completed, with the remaining six to be completed within the next two months. The firm's services included drafting the relevant documents, coordinating the signing process, and registering changes in public registers.

The SPC Legal team consisted of Partner Mindaugas Rimkus and Senior Associate Dovidas Vainorius.

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

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

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

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