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Cobalt Advises Aktiva Finants on Acquiring Viena Saskaita

Cobalt Advises Aktiva Finants on Acquiring Viena Saskaita

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Cobalt has advised Estonia's Aktiva Finants on its acquisition of Viena Saskaita, the first and largest specialized payment platform in Lithuania, from ME Investicija.

The transaction remains contingent on regulatory approval.

Aktiva Finants, which operates in Estonia, Latvia, and Lithuania, provides various loan-related services. The company's clients include companies providing finance, telecommunications, and utility services.

UAB ME Investicija is an investment company with businesses including Girteka Logistics and commercial real estate developer SIRIN Development.

Cobalt’s team included Partner Elijus Burgis and Senior Associate Zygintas Voronavicius.

Cobalt did not reply to our inquiry on the matter.

Editor's note: After this article was published, Sorainen announced that it had advised ME Investicija on the deal. The firm's team included Partners Mantas Petkevicius and Augustas Klezys, Counsels Stasys Drazdauskas and Lina Ragainyte-Mezene, and Associates Laura Matuizaite, Goda Drasute, and Simona Vaicekauskaite.

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.