08
Wed, May
57 New Articles

Cobalt and Ellex Advise on BaltCap Sale of Fitek

Cobalt and Ellex Advise on BaltCap Sale of Fitek

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Cobalt has advised BaltCap on the sale of its 95% stake in Baltic-based Fitek Holding to the UnifiedPost Group, which was advised by Belgian law firm Quorum and Ellex Raidla.

Financial details of the deal were not disclosed.

Fitek focuses on financial automation processes and operates in Estonia, Latvia, Lithuania, the UK, Slovakia, the Czech Republic, Serbia, and Bosnia and Herzegovina. 

UnifiedPost Group is a FinTech firm headquartered in Belgium.

Cobalt’s pan-Baltic team consisted of, in Estonia, Partner Peeter Kutman, Specialist Counsel Ott Aava, Associate Liina Saaremets, and Assistant Lawyer Kerli Paasoja; in Latvia, Partner Guntars Zile, Specialist Counsel Andrejs Lielkalns, Senior Associates Elina Locmele and Inga Tenisa, and Associate Diana Zepa; and in Lithuania, Partner Juozas Rimas and Senior Associate Inga Mazvilaite.

The Ellex team in Estonia included Partner Sven Papp, Counsel Jaanus Ikla, and Senior Associate Gerda Liik. 

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. 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 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

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