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Cobalt and Hedman Partners Advise on Change Ventures Investment in Planet42

Cobalt and Hedman Partners Advise on Change Ventures Investment in Planet42

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Cobalt has advised Change Ventures on a seed investment into Planet42. Hedman Partners reportedly advised Planet42.

Change Ventures is an early-stage investment fund based in the Baltics. Planet42 operates a car rental and hire-purchase platform in South Africa focused on unbanked clientele. According to Cobalt, "Change Ventures took the role of the lead investor of the round and was joined by co-investors such as Martin Villig (Bolt), Ragnar Sass (Pipedrive), Marko Virkebau (MeetFrank), and Kristjan Vilosius (Katana MRP). The total amount of the round was around EUR 2.2 million."

Cobalt's team included Partner Kristel Raidla-Talur and Senior Associates Sven Bottcher and Greete-Krisiine Kuru.

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.