Cobalt has advised BPM Capital on financing for Estonian paint manufacturer Eskaro via the BPM Mezzanine Fund II.
Eskaro is a manufacturer of water-based paints operating in Estonia, Latvia, Lithuania, and Finland.
BPM provides independent mezzanine financing for small and medium-sized companies in the Baltic States and Poland.
According to Cobalt, “the BPM financing enables Eskaro to strengthen its capital structure and create growth opportunities in its areas of operation.”
Earlier, in 2020, Cobalt advised Flugger on its acquisition of 70% of the shares in the Eskaro Group (as reported by CEE Legal Matters on December 3, 2020).
The Cobalt team included Partner Peeter Kutman, Managing Associate Ott Aava, Senior Associate Inga Tenisa, and Junior Associate Elis Toim.
Cobalt did not respond to our inquiry on the matter.
