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Cobalt and Ellex Advise on Visma’s Sale of Custom Solutions Business to CVC Capital Partners

Cobalt and Ellex Advise on Visma’s Sale of Custom Solutions Business to CVC Capital Partners

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Cobalt, working with Wiersholm, has advised Visma on the sale of its Custom Solutions business to CVC Capital Partners. Ellex, working with Schjodt and Freshfields, advised the buyer.

According to Ellex, the transaction will help grow Visma Custom Solutions' IT services business in the Nordic countries.

Visma Custom Solutions is a consulting business operating in the Nordic region, consisting of 25 companies in Norway, Sweden, Denmark, Finland, and Lithuania. Visma provides business software.

CVC Capital Partners is a Luxembourg-based private equity and investment advisory company. 

The Cobalt team included Partner Eva Suduiko, Managing Associates Ausrys Sliavas and Jovita Valatkaite, Senior Associate Zygintas Voronavicius, and Associate Egle Gliaudelyte.

The Ellex team included Partner Ruta Armone, Senior Associates Aleksandr Asovskij, Inga Macijauskaite, Nerijus Patlabys, and Marijus Dingilevkis, and Junior Associates Akvile Avulyte and Skaiste Katinaite.

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.