Cobalt, working with DLA Piper, has advised the HKScan corporation on the sale of its Baltic subsidiaries to the Maag Grupp. Ellex advised the buyer.

Sorainen has advised PR and communications firm Rud Pedersen Group on its acquisition of the Meta Advisory Group.

A strong end to 2022, embodied by high levels of real estate transactions and M&A work – despite a legislative downturn and no government – is the buzz in Latvia, according to BDO Law Managing Partner Vita Liberte.

Cobalt has advised the BaltCap Private Equity Fund III – acting through its subsidiary Adoro – on acquiring the assets of Dzives Abece.

Sorainen has provided pro bono legal advice to the Entrepreneurs for Peace foundation on repairing all the explosion-damaged windows at the Ukrainian Society of the Deaf educational and manufacturing company in Chernihiv and preparing the building for the winter. 

Cobalt, working with Bech-Bruun, has advised Danone company Nutricia on its intra-group restructuring by incorporating Danone SIA into Nutricia SIA.

Cobalt has advised BaltCap Latvia Venture Capital Fund and funds managed by Imprimatur Capital, together with other shareholders, on the sale of Blue Bridge Technologies to Everfield. BDO Law advised Everfield on the deal.

Cobalt, working with Clifford Chance, has advised joint lead managers Citi, Deutsche Bank, Erste Group, and Nomura on the EUR 850 million issuance of 4-year eurobonds by the Republic of Latvia. Allen & Overy reportedly advised the Republic of Latvia.

Cobalt has successfully represented biogas power plants Ziedi JP, AD Biogazes Stacija, Bio Future, Gas Stream, Conatus Bioenergy, International Investments, Agro Lecava, RZS Energo, and Macibu un Petijumu Staimnieciba Vecauce before Latvia’s Constitutional Court in a dispute related to specific requirements for the efficient use of thermal energy under mandatory procurement.

Cobalt has advised LHV Asset Management and LHV pension funds on their financing for the share buyout of the Dimedium Group. Ellex advised Dimedium.

Sorainen has advised Sunly on raising approximately EUR 200 million to expand its renewable energy portfolio in the Baltics and Poland. The fundraising included existing shareholders and new investor Mirova. Ellex and Linklaters advised Mirova on the investment.

Cobalt has advised energy infrastructure contractor Enersense SIA on the formation of a joint venture with Siemens Energy Global.

Ellex has advised the Draugiem Group on its EUR 1.14 million investment into Prime Prometics. Vilgerts and Storm Legal advised Prime Prometics on the deal.

Sorainen has advised Mantinga on its acquisition of Fresh Food Production from Orkla Latvija. Ellex advised the seller.

Sorainen has advised Gren Latvija on its acquisition of Bioeninvest. Solo practitioner Justine Haka reportedly advised the sellers. 

Cobalt has successfully represented the Baltic Center for Investigative Journalism Re:Baltica in a defamation dispute related to its 2019 article “Mega-donor to pro-Russian party benefits from Magnitsky and Azerbaijani laundromats.” 

Andersen Global has entered into a collaboration agreement for the Baltic region with Lextal Legal, adding three locations to its existing network: Lextal in Estonia, RER Lextal in Latvia, and iLaw Lextal in Lithuania.

Ellex has provided pro bono legal services for the production of the 2022 documentary film Sisters in Longing, directed by Elita Klavina.