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Cobalt and Ellex Valiunas Advise on Sale of AGACAD to Arkance

Cobalt and Ellex Valiunas Advise on Sale of AGACAD to Arkance

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Cobalt has advised the shareholders of AGACAD, a Vilnius-based developer of building information modeling software, on the sale of 100% of their shares to France’s Arkance. Ellex Valiunas advised the buyer on the deal.

The acquisition is expected to help expand AGACAD's research and development activities and the existing team of software developers in Vilnius. Financial details were not disclosed.

Arkance, a subsidiary of Groupe Monnoyeur, is a provider of digital services in the construction and manufacturing sectors.

Cobalt’s team consisted of Partner Juozas Rimas, Managing Associate Deimante Pagiriene, and Associate Milda Vaznelyte.

The Ellex Valiunas team included Partner Paulius Gruodis, Senior Associate Mantas Juska, and Associate Arvydas Gruseckas.

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.