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Cobalt and Wint Advise on Practica Capital's Investment in RRR.lt

Cobalt and Wint Advise on Practica Capital's Investment in RRR.lt

Lithuania
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The Vilnius office of Cobalt has advised Practica Capital on the EUR 1 million investment it made along with a group of other, unidentified, private investors in the RRR.lt online platform for the sale of used car parts. Wint advised the owner of the platform on the deal.

RRR.lt offers a software package to used car parts sellers, which allows them to manage their stock and sell pre-inspected car parts. Currently, as much as 40 percent of the orders placed via the platform are delivered to foreign countries.

According to Cobalt, the investment will be used to expand the platform into new markets and to disseminate sustainability ideas.

Cobalt’s team included Partner Akvile Bosaite and Senior Associate Lina Aleknaite-van der Molen.

Wint's team consisted of Partner Andrius Iskauskas and Senior Associate Donatas Zdanavicius.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 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 gives 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 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards 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.