Cobalt has advised AS Storent Investments, a rental equipment company operating in Baltics, Finland, and Sweden, on its acquisition of Cramo operative companies in Latvia (SIA Cramo) and Kaliningrad (OOO Cramo Kaliningrad) consisting of seven rental depots with 43 employees. Storent was advised on Russian aspects of the deal by Alrud, and Cramo Plc was advised by KPMG.
Cobalt describes Storent as "one of the leading rental equipment companies in Baltics," and reports that it is "operating 21 rental depots across Latvia, Lithuania, and Estonia." In December 2016 Storent acquired Leinolift OY, a Finnish access equipment rental company, and in 2017 it started operations in Stockholm, Sweden.
The Cobalt team included Managing Partner Lauris Liepa, Partner Toms Sulmanis, Senior Associates Sandija Novicka and Inga Tenisa, and Associates Viktorija Alksne, Krisjanis Buss, Ivo Maskalans and Diana Zepa.