Cobalt has advised Latvenergo AS on its issuance of EUR 100 million five-year green bonds with a fixed annual interest rate and a yield to maturity of 2.42%.
Cobalt Advises on EUR 100 Million Latvenergo Green Bonds Issuance
Sorainen and Cobalt Advise on Reiterate's Pre-Seed Round
Sorainen has advised Reiterate on raising EUR 1.25 million in a pre-seed round led by Hummingbird Ventures. Cobalt advised Hummingbird on the deal.
Cobalt and Sorainen Advise on Kevin Series A Funding Round
Cobalt has advised Lithuanian financial technology start-up Kevin on raising USD 65 million in a Series A funding round. Sorainen advised investor Global PayTech Ventures.
Stratulat Albulescu and Cobalt Advise on Druid's USD 15 Million Series A
Stratulat Albulescu has advised Al start-up Druid on its USD 15 million series A financing round led by Karma Ventures and Hoxton Ventures. Cobalt advised Karma Ventures. Orrick Herrington & Sutcliffe reportedly advised Druid as well. Hoxton was reportedly advised by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo.
Sorainen and Cobalt Advise on Lords LB Sale of Klaipeda Shopping Center to Union
Sorainen has advised the Lords LB Baltic Fund III on the share-deal sale of a shopping center in Klaipeda to the Union RE Core Fund I. Cobalt advised the buyer.
Cobalt and Walless Advise on Avena's Sale of Grain Trade Business to Scandagra
Cobalt has advised Avena Nordic Grain on the sale of its Estonian and Lithuanian grain trade businesses to the Scandagra Group. Walless advised Scandagra on the deal.
Cobalt Advises Hili Properties on Riga Shopping Center Acquisition
Cobalt has advised Hili Properties on its EUR 20 million acquisition of the holding company of the Riga shopping center. Sorainen reportedly advised the seller.
TGS Baltic and Cobalt Advise on InMedica and MediCA Group Merger
TGS Baltic has advised InMedica and its shareholders INVL Baltic Sea Growth Fund and Litgaja on the merger with the MediCA Group. Cobalt advised MediCA.
Cobalt Advises Baltic Green Fund on Forest Acquisition in Latvia
Cobalt has advised the Baltic Green Fund on its acquisition of a 7,000-hectare forest area from Isnaudas Forest Holding’s Latvian subsidiaries. Sorainen reportedly advised the seller. Delphi reportedly advised Baltic Green on the Swedish law-related aspects of the transaction.
TGS Baltic Advises BaltCap on Sale of BPT Real Estate to Newsec
TGS Baltic has advised BaltCap on the sale of a 95% stake in BPT Real Estate to Newsec. Cobalt reportedly advised Newsec.
Edgars Lodzins Makes Partner at Cobalt
Former Specialist Counsel Edgars Lodzins has become a Partner in Cobalt’s Latvia office.
Sorainen and Cobalt Advise on Luminor’s Acquisition of Maksekeskus
Sorainen has advised Luminor Bank on its acquisition of a 99% stake in Maksekeskus (MKK). Cobalt advised MKK shareholders Inbank, Omniva, Olsson & Nielsen Nordic, and Art Lukas, the company’s CEO.
Lithuania: Upcoming Changes to the Security Interest Regime
The initially planned major changes to the security interest regime in Lithuania, which would remove notarial certifications of mortgage/pledge, have not materialized. However, certain amendments to Lithuanian laws governing security interests will enter into force from January 1, 2022.
Motieka & Audzevicius and Cobalt Advise on Linas Agro Group's Acquisition of Agro Logistic Service
Motieka & Audzevicius has advised Linas Agro Group on its acquisition of Agro Logistic Service from Kauno Grudai. Cobalt advised Kauno Grudai on the deal.
TGS Baltic and Cobalt Advise on Pax8’s Acquisition of TVG
TGS Baltic has advised Pax8 on its acquisition of cloud services and software distributor TVG. Cobalt advised TVG's shareholders on the sale.
Sorainen Advises Stockmann on Sale of Tallinn and Riga Department Store Properties to VKG
Sorainen has advised Stockmann on the sale of its Tallinn and Riga department store properties to Viru Keemia Grupp.
Ellex and Cobalt Advise on Ekspress Grupp’s Acquisition of Geenius Meedia
Ellex has advised Geenius Meedia shareholders Hendrik Roonemaa and Siim Saidla on the sale of the company to the Ekspress Grupp. Cobalt advised the buyer.
The Buzz in Latvia: Interview with Guntars Zile of Cobalt
COVID-19 remains one of the most prominent factors, directly and indirectly impacting the overall political, legal, and economic scenes in Latvia, according to Cobalt Partner Guntars Zile.
Cobalt at a Glance
COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 240 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.
The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing full-service business law advice.
Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.
COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2020, 2019, and 2018 client satisfaction surveys. In 2021 we were recognized as a highly recommended law firm in the Baltics at The Lawyer European Awards 2021 ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. More information on COBALT can be found at www.cobalt.legal.