Thu, Dec
70 New Articles

Cobalt and Ellex Valiunas Advise on Sale of AGACAD to Arkance

Cobalt and Ellex Valiunas Advise on Sale of AGACAD to Arkance

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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 closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for 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 advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal.