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Sorainen and Cobalt Advise on Sale of Deeper to Resource Partners

Sorainen and Cobalt Advise on Sale of Deeper to Resource Partners

Lithuania
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Sorainen has advised the owners and co-founders of castable sonar company Deeper, as well as financial investor Gemini Grupe, on their sale to Resource Partners. Cobalt advised Resource Partners on the transaction.

Financial details were not disclosed.

According to Sorainen, the new investors will become the majority shareholders in the company and will be supported by Donatas Malinauskas, who will continue in his role as CEO.

Sorainen’s team included Partner Mantas Petkevicius, Counsel Lina Ragainyte-Mezene, Senior Associates Inga Macijauskaite and Mindaugas Dominykas Baniulis, Associate Simona Vaicekauskaite, and Legal Assistant Goda Jakubauskaite.

Cobalt's team included Partner Elijus Burgis, Managing Associate Deimante Pagiriene, and Associates Kostas Grigaitis and Milda Vaznelyte.

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.