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Cobalt and Ellex Advise on Livonia's Acquisition of Stake in Telema

Cobalt and Ellex Advise on Livonia's Acquisition of Stake in Telema

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Cobalt has advised the privately held investment fund Livonia on its acquisition of a stake in Telema. Ellex advised Telema. Eipre & Partners reportedly advised the target company.

Telema is an operator of electronic data exchange and e-invoices. It employs more than 30 people in Tallinn, Riga, and Vilnius. 

Livonia Partnersis a pan-Baltic private equity investment firm. Currently investing from EUR 157 million Fund II, Livonia team works across Estonia, Latvia, and Lithuania.

According to Telema founder and CEO Hele Hammer, the involvement of an institutional investor gives the company new knowledge and experience, which helps to strengthen Telema’s position both in the Baltic countries and beyond.

The Cobalt team included Partner Peeter Kutman, Specialist Counsel Madis Reppo, and Junior Associate Ken Saksniit.

The Ellex team included Counsel Rutt Vark and Lawyer Karl Rudolf Org.

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.