01
Wed, May
24 New Articles

Cobalt Advises on Sale of SBS Group to Arkance

Cobalt Advises on Sale of SBS Group to Arkance

Lithuania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Cobalt has advised the shareholder of the SBS Group on the sale of the company to Monnoyeur subsidiary Arkance.

The SBS Group, established in 2007, is a software development company specializing in the construction industry.

According to Cobalt, “this acquisition is in line with Arkance's strategy to provide software products to support its clients. Arkance drives innovative and sustainable solutions to reduce the costs of their clients and help them to win more business.” Its main areas of focus are digital services for the manufacturing and construction industries.

Exactly two years ago, Cobalt advised another group of shareholders on the sale of their building information modeling software company to Arkance (as reported by CEE Legal Matters on February 25, 2021).

Cobalt’s team included Partner Juozas Rimas and Managing Associate Deimante Pagiriene.

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.