CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
The Estonian office of Fort Legal has advised LHV Pension Funds on the acquisition of three stock office-type commercial buildings in Juri in the Rae municipality of Estonia. The transaction remains contingent on Competition Authority approval.
Pohla & Hallmagi has advised Arca Varahaldus on its EUR 6.2 million sale of property in Tallinn to EfTEN Real Estate Fund III AS subsidiary EfTEN SPV19 OU.
Ellex Raidla has advised the 1more Project on its EUR 21 million acquisition of two buildings in Tallinn from Hammerhead.
TGS Baltic has advised Gan Limited on the acquisition of the Coolbet online gaming platform from the Vincent Group. Hedman Partners and Morgan, Lewis & Bockius advised the Vincent Group on the deal.
Pohla & Hallmagi has advised F & A Kinnisvara, a member of the Favorte Group, on its acquisition of a residential development project near Tallinn. The unidentified sellers were reportedly advised by Cobalt.
On August 3, 2020, CEE Legal Matters reported that Sorainen had advised Montonio on its generation of EUR 500,000 from both Estonian and international investors. CEEIHM spoke with Rasmus Oisma, Director at Montonio Finance, to learn more about the matter.
Pohla & Hallmagi has helped Verston Ehitus acquire Estonia's state-owned road maintenance company AS Eesti Teed at public auction with a winning bid of EUR 19.7 million. Ellex Raidla reportedly advised the Ministry of Economic Affairs and Communications on the auction.
Cobalt has successfully represented Helmes, an international custom software developer, in disputes regarding the public procurement process for "Development and Maintenance Services for Collection App Software" organized by Estonia's Information Technology Center of the Ministry of Finance.
Hedman Partners has become Solaride’s legal advisor on its project to build a solar-powered car in Estonia.
Sorainen’s Tallinn office has advised Fenestra on its acquisition of Kuopion Rakennuskonttori, a Finnish provider of window installation services.
Estonian lawyer Erik Salur has moved from PWC Legal to Njord Advokaadiburoo, where he will head the firm’s Corporate and M&A practice.
Arendt & Medernach has helped INVL Asset Management launch the INVL Sustainable Timberland and Farmland Fund II.
The Tallinn office of Cobalt has advised French private investment house Ardian on its acquisition of 100% of Nevel Oy from Vapo Oy. Vapo was advised by Finland's Avance Attorneys.
The Tallinn office of Cobalt has advised Estonian energy group Alexela on its receipt of a EUR 37 million loan from Sihtasutus KredEx, a financing institution established by the Estonian Ministry of Economic Affairs and Communications. Ellex Raidla advised KredEx on the deal.
The Riga office of Cobalt has helped 3Commas raise USD 3 million in series A funding from Alameda Research.
Cobalt has advised Ambient Sound Investments and other shareholders on the sale of 100% of the shares of InBio to Semetron.
Cobalt has advised Passion Capital on its USD 1.4 million seed-round investment into Warren.io. Hedman Partners advised Warren.io on the deal.
Ellex Raidla has helped Skeleton Technologies Group raise EUR 41.3 million in a funding round from a group of investors, including EIT InnoEnergy, FirstFloor Capital, MM Group, and Harju Elekter.
COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market.
COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.
We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables.
More information on Cobalt can be found at www.cobalt.legal
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