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In April 2007, Estonia made global headlines — not for a military conflict or natural disaster, but for one of the first coordinated large-scale cyberattacks against a nation-state. Sparked by the relocation of a Soviet-era war memorial in Tallinn (known as the Bronze Night), the country’s digital infrastructure was flooded with denial-of-service attacks. Government websites, banks, media outlets, and essential services were knocked offline. It was a wake-up call: digital threats could now paralyze a country just as effectively as tanks and missiles. 

Cobalt has advised Combiwood Grupp on its acquisition of Toftan from its existing shareholders Mattsbo Sag, Wigert Invest, Lars Lindgren Invest, Marnefeldt Invest, Investyno, Martin Arula, Jaanus Lehes, and Merli Randoja. Eversheds Sutherland and Vinge reportedly advised the sellers.