Cobalt has advised on the sale of Estonian software development company Icefire to cloud-based payment solution provider Checkout.com. Ellex Raidla reportedly advised the buyer.
According to Cobalt, Icefire has experience developing financial services solutions for both the public and private sectors. In its 18-year history, it has worked for brands such as Skype, OP Financial Group, LHV, Bigbank, and the Estonian Tax and Customs Board. Most recently, it supported the development of Estonia’s COVID-19 app, HOIA.
Cobalt's team consisted of Specialist Counsel Ott Aava, Senior Associate Tonu Kolts, Associate Kerli Paasoja, and Assistant Lawyer Elis Toim.