19
Tue, Nov
60 New Articles

Ellex Valiunas and Raidla Advise United Partners in Preparation for Bond Issuance

Ellex Valiunas and Raidla Advise United Partners in Preparation for Bond Issuance

Deals and Cases
Typography

Ellex Raidla and Ellex Valiunas has advised United Partners in preparation for its EUR 4.7 million bond issuance.

The bonds of UPP & CO Kauno 53 OU were admitted to trading on Nasdaq Baltic First North market on June 12, 2017. Ellex Raidla and Ellex Valiunas teams advised UPP & CO Kauno 53 in connection with the preparation of the bond documentation. 

UPP & CO Kauno 53 OU is a corporate body founded by United Partners Property – a company which manages United Partners’ real estate investments. The bonds provide funding for the acquisition of Rimi's central warehouse in Lithuania. 

According to Ellex, "First North is regulated as a multilateral trading facility, known as the Alternative Investment Market. This means that, although First North does not have legal status as a regulated market it operates in the Nordic and Baltic countries in parallel with the regulated market. Nasdaq decided to go to First North in order to provide investors with an easy and transparent way to sell or buy the bonds if they want to."

The Ellex Raidla team included Partner Raino Paron and Senior Associate Gerly Lohmus. The Ellex Valiunas team included Partner Joana Baublyte-Kulviete and Senior Associate Lina Radaviciene.

Editor's Note: After this article was published TGS Baltic announced that it also advised UPP & CO Kauno 53 OU on its admittance to trading on Nasdaq Baltic First North market. TGS Baltic reports that it  was "acting as collateral agent and advising during the process of admission of trading to FN."

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

All News about Cobalt can be found here.

 

Our Latest Issue