BaltCap fund sells majority stake in Livin operator UAB Bio Sala to Ogmios centras

"COBALT advised BaltCap fund on the sale of a majority stake in UAB Bio Sala, operator of 21 Livin stores in Lithuania and Latvia, to Ogmios centras (Ogmios grupė). The transaction will secure returns for BaltCap investors, including Lithuanian pension funds; the current Livin management will remain in place. Completion is subject to regulatory approvals."

COBALT advised the BaltCap fund on the sale of its majority share in UAB Bio Sala. BaltCap’s fund company is selling a majority share in UAB Bio Sala, the entity that operates 21 Livin stores across Lithuania and Latvia. The shares will be acquired by Ogmios centras, described as one of the largest real estate and investment companies in Lithuania. Ogmios grupė is currently one of the largest commercial real estate developers and landlords in Lithuania, managing more than 200,000 sq. m of commercial premises with a value exceeding EUR 200 million. The sale is intended to secure returns for BaltCap fund investors, some of which are Lithuanian pension funds. It has been stated that, following completion of the transaction, the current management team will remain unchanged and will continue to lead the Livin chain. The transaction will be finalised upon receipt of all necessary approvals from regulatory authorities. COBALT represented the BaltCap fund with a team composed by: Partner Elijus Burgis and Senior Associate Jūratė Masiulytė-Katakinė.

BaltCap fund sells majority stake in Livin operator UAB Bio Sala to Ogmios centras

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