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Walless and Cobalt Advise on Affidea Lietuva's Acquisition of Synlab Lietuva

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Walless has advised Affidea Lietuva on its acquisition of the Lithuanian business of Synlab Lietuva. Cobalt, working with CMS' office in Germany, advised the sellers.

Affidea Lietuva offers consultations, sports medicine, and other health services in its health centers, with laboratory testing conducted on-site.

Synlab is a provider of laboratory services, with a presence in over 30 countries and experience in the field of medical diagnostics, a scientific and consultancy base, and technologies based on clinical trials.

According to Walless, this acquisition adds to Affidea’s integrated full-service outpatient service offering.

The Walless team included Lithuania-based Managing Partner Dovile Burgiene, Partners Darius Miniotas and Aiste Medeliene, Associate Partners Edita Dauksiene and Guoda Sileikyte, Senior Associates Migle Jeremiciute and Gabriele Gudauskiene, Associate Ieva Smigelskaite, and Expert Vytenis Cepe

The Cobalt team included Managing Partner Irmantas Norkus and Specialist Counsel Deimante Pagiriene.

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.