Cobalt has advised M.M.M. Projektai, a real estate development and investment group operating in Central and Eastern Europe, on its acquisition of real estate at Brivibas Gatve 201 in Riga from RE Property SIA.

Dentons and Cobalt have advised Latvia's airBaltic airline on its July 23, 2019 placement of 200 million euro issue 6.75 percent 5-year bonds — the largest corporate bond issuance ever originating from Latvia. Linklaters advised J.P. Morgan as global coordinator and it andSEB as joint bookrunners.

Cobalt has advised Practica Capital on its investment in startup Oxipit. The EUR 1.5 million seed round was co-led by Practica Capital, Koinvesticinis Fondas and various business angels. Sorainen advised Oxipit on the deal.

Cobalt has advised Karma Ventures on a series A round investment in Estonia's Xolo. Eversheds Sutherland Ots & Co advised Xolo on the deal.

The Tallinn office of Cobalt has advised Norwegian home textiles chain Kid ASA on its acquisition of 100% of the shares in Hemtex AB from ICA Gruppen AB. The ICA Group was reportedly advised by G&D Advokatbyra.

Walless has helped Vilniaus Baldai get a parallel loan of EUR 37.8 million from the EBRD and AS Citadele Banka's Lithuanian branch. Cobalt advised the lenders on the deal.

Cobalt Lithuania has advised KJK Sports on its acquisition of 100% of the shares of Baltic Bicycle Trade UAB from Denmark's Asgaard A/S and Lithuania's Litcapital I. TGS Baltic advised Asgaard and Litcapital I on the sale, which remains contingent on competition clearance and is expected to close in the third quarter of 2019. 

Head of Competition Law Rasa Zasciurinskaite has become the 13th partner and Head of Commercial Disputes Marius Inta has become the 3rd Associate Partner at Cobalt in Lithuania.

Cobalt has advised UAB Veju Spektras, a company managing 21.5 MW wind farm in Silute, Lithuania, on the sale of 100% of its shares to Quaero European Infrastructure Fund, managed by the Swiss company Quaero Capital.

Cobalt has successfully represented the Central Election Commission of Latvia before the Latvian Administrative District Court in a case regarding the cancellation of 2019 EP election results.

Cobalt has advised Karma Ventures as a lead arranger on its USD 3.65 million investment in Infermedica, a provider of artificial intelligence technology solutions for healthcare companies.

Cobalt has helped UAB Wittix obtain an electronic money institution license for unrestricted activity.

Cobalt has advised AB SEB Bankas on arranging the EUR 70 million notes issue program of AS Attistibas Finansu Institucija Altum and issuance of EUR 15 million notes with a yield of 0.95%.

Cobalt Estonia has advised venture capital firm Karma Ventures and Sorainen Latvia has advised Practica Capital on their co-financing of EUR 5 million series A investment in Sonarworks.

Motieka & Audzevicius has advised Orion Private Equity Fund I on the acquisition of a stake in Lithuania's Alna Business Solutions, Alna Software, and DocLogix IT companies. Cobalt advised Alna Group, the seller.

Cobalt Estonia has compiled instructional materials for KredEx regarding the general principles of public procurement.

Cobalt Vilnius has advised Interactio, a Lithuanian start-up that developed a smart interpretation system, on attracting an investment of EUR 435,000 from business angels and the Co-Investment Fund.

Cobalt has advised Estonia's Ministry of Economic Affairs and Communications on drafting a model energy performance contract for the public sector in compliance with the EU Energy Efficiency Directive.