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Cobalt Advises BaltCap on Acquisition of Eesti Digiraamatute Keskus

Cobalt Advises BaltCap on Acquisition of Eesti Digiraamatute Keskus

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Cobalt has advised the BaltCap Private Equity Fund III on its acquisition of a minority stake in Eesti Digiraamute Keskus.

Eesti Digiraamute Keskus is a Tallinn-based company that cooperates with publishers and booksellers. In addition to the online store, the company also offers sales and marketing platform services for publishers and authors. According to Cobalt, BaltCap’s goal with this investment is to further develop the company’s technology platform and services, providing customers with solutions for e-books and audiobooks.

BaltCap is a private venture capital fund operating in the Baltic States, whose portfolio includes, among others, Rahva Raamat, transport ticket system developer Ridango, ticket sales platform Piletilevi Grupp, and meat processing company Krekenavos.

The Cobalt team included Partner Peeter Kutman, Managing Associate Ott Aava, Specialist Counsel Liina Jents, and Junior Associate Elis Toim.

Editor's Note: After this article was published, TGS Baltic announced it had advised the Eesti Digiraamute Keskus minority stake sellers. The firm's team included Managing Partner Sander Karson and Senior Associates Maris Alt and Silvia Urgas. 

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.