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Sorainen and Cobalt Advise on BaltCap Acquisition of Hansab

Sorainen and Cobalt Advise on BaltCap Acquisition of Hansab

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Sorainen has advised BaltCap on its acquisition of a 70% stake in the Hansab Group. Cobalt advised Hansab's majority shareholders on the sale.

The transaction remains contingent on regulatory approval.

BaltCap is a Baltic private equity and venture capital investor covering buyouts, growth, venture, and infrastructure investments.

Founded in 1991, Hansab develops and provides security, cash handling, point of sales, parcel handling, queuing, parking, and other automation solutions and services. The company operates in Estonia, Latvia, Lithuania, and Finland, with 18 offices and service points.

"Hansab is an established business that has developed a high quality and efficient service model in the fast-growing area of automation," BaltCap Partner Kristjan Kalda commented. "We see many avenues to grow the business further, using BaltCap’s long-term experience in taking Baltic companies to the international arena."

"During the past 32 years, we have successfully grown the company organically," Hansab CEO Aigar Urva added. "Now we intend to accelerate the development and enter new fields of activity and territories. We are happy to join forces with BaltCap, a financially strong and effective partner, helping us fulfill our growth strategy."

The Sorainen team included Estonia-based Partner Toomas Prangli, Counsels Hetti Lump, Piibe Lehtsaar, and Pirkko-Liis Harkmaa, Senior Associates Mirell Prosa, Liisa Maria Kuuskmaa, Andra Grunberg, and Olivia Kranich, and Associate Kadri Puu; Latvia-based Partner Nauris Grigals, Counsels Renate Purvinska and Andis Burkevics, and Senior Associate Marika Grunte; and Lithuania-based Senior Associates Mindaugas Dominykas Baniulis, Edita Dauksiene, Aurelija Daubaraite, and Jurgita Tekoriene, Associate Raminta Matulyte, and Assistant Lawyer Ryte Reciunaite.

The Cobalt team included Estonia-based Partner Martin Simovart, Managing Associate Jesse Kivisaari, and Associate Getter Villmann; Latvia-based Partner Guntars Zile and Senior Associate Diana Zepa; and Lithuania-based Partner Irmantas Norkus and Managing Associate Deimante Pagiriene.

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