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Sorainen and Cobalt Advise on Technopolis UMA Holding's Sale of UMA Workspace to Workland

Sorainen and Cobalt Advise on Technopolis UMA Holding's Sale of UMA Workspace to Workland

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Sorainen has advised Finnish Technopolis UMA Holding on the sale of its Estonian and Lithuanian UMA Workspace business to Workland. Cobalt advised Workland on the deal.

According to Sorainen, “Technopolis UMA Holding sold two UMA Workspace coworking spaces to the Estonian coworking network Workland – a space of 2,100 square meters in the G9 shopping center in Vilnius and a space of 1,800 square meters on Maakri Street in Tallinn. The acquired coworking spaces will be renamed and will operate under the Workland brand.”

Sorainen’s team in Lithuania included Partner Kestutis Adamonis and Senior Associate Lina Barniskiene and, in Estonia, Partner Paul Kunnap and Assistant Lawyers Joosep Kuusk and Anu Liinsoo.

Cobalt's team included Partner Simona Oliskeviciute-Ciceniene, Specialist Counsel Ott Aava, Managing Associate Ausrys Sliavas, Senior Associate Madis Reppo, and Assistant Lawyer Elis Toim.

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.