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Cobalt Advises Shareholders on Sale of MCG Group Estonia to Greenenergy Data Centers

Cobalt Advises Shareholders on Sale of MCG Group Estonia to Greenenergy Data Centers

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Cobalt has advised the shareholders of MCF Group Estonia OU on the sale of the company to Greenergy Data Centers.

According to Cobalt, following the transaction, Greenergy Data Centers now owns the “largest data center in the Baltics being established near Tallinn." The data center, which will open in 2021, will have a maximum capacity of up to 20 megawatts.

Greenergy Data Centers is an Estonian data center design company, 95% of which belongs to the Three Seas Initiative Investment Fund S.A. SICAV-RAIF, a fund established under the Three Seas Initiative. 3SIIF is a fund for infrastructure investment planning in Central and Eastern Europe, focusing on the energy, transport, and digital infrastructure sectors.

Cobalt’s team included Partner Martin Simovart, Counsel Ott Aava, and Associate Kerli Paasoja.

Cobalt did not reply to our inquiry on the matter.

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.