Cobalt has advised the shareholder of the Adfactory Group on selling part of their shares in the company to German signage and advertising technology specialist Marahrens, with the two companies entering a strategic partnership.
According to the firm, following this transaction, the current management team will retain the majority shareholding in Adfactory.
Adfactory is a provider of advertising solutions in the Baltics, producing both illuminated and non-illuminated advertising solutions and custom furniture.
The Marahrens Group is an international family-owned business with more than 70 years of history, headquartered in Germany. It is involved in the production of advertisements, signs, and safety signage.
Cobalt's team included Managing Associate Ott Aava and Associate Kerli Paasoja.
Editor's Note: After this article was published, the Remo’s law firm confirmed it had advised H. Marahrens Schilderwerk Siebdruckerei Stempel GmbH on the deal. The firm's team included Founding Partner Jana Reitsakas.