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Cobalt Advises Lightrock and Haniel on USD 30 Million Round for Aerones

Cobalt Advises Lightrock and Haniel on USD 30 Million Round for Aerones

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Cobalt has advised Lightrock and Haniel on leading a USD 30 million investment round into Aerones. 

"The raised USD 30 million capital will be used to grow Aerones technical and sales functions, increase the number of robot service teams, and expand into new fast-growing markets, including Africa and Australia," the firm informed.

Aerones is a Latvia-based robotic wind-turbine maintenance services provider. According to Cobalt, the company "already serves customers that represent 50% of the world’s wind power capacity. Aerones' innovations are reducing costs and inefficiencies in the global wind power industry."

Lightrock is a private equity platform investing in sustainable businesses. Haniel is a family-run growth equity investor in Europe.

The Cobalt team included Partner Toms Sulmanis and Associate Agnese Gerharde.

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.