Cobalt has advised Tallinna Linnatranspordi AS, a public transportation company owned by the City of Tallinn, on the addition of bus routes.
Cobalt has advised the shareholders of the TMB Group on the sale of its Finnish and Latvian operations to the Consolis Group, a European supplier of precast concrete solutions, acting through is Finnish entity, Parma Oy. Ellex Raidla, acting with Finland's Krogerus and Sweden's Setterwalls law firms, advised the buyers.
Cobalt has advised the INVL Baltic Sea Growth Fund, the largest private equity investment fund in the Baltics, on the acquisition of its wholly-owned subsidiary BSGF Sanus of a 70% stake in the InMedica health care clinics chain from the Lithuania SME Fund. TGS Baltic advised the sellers on the deal, and financial terms were not disclosed.