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Cobalt Advises EBRD on EUR 100 Million Investment in Green Genius

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Cobalt has advised the EBRD on a EUR 100 million investment in Green Genius.

Green Genius is a renewable energy company that is part of the Modus Group. According to Cobalt, "once approved by competition regulators in several countries, the EBRD will become a minority shareholder in the company. This investment will support Green Genius' European growth strategy, which includes the development of more than 2 gigawatts of renewable energy. It will also contribute to diversifying the energy supply and boosting energy security in Europe. Green Genius will use the funds to expand in the renewable energy sector, build its own energy-generating portfolio, ensure stability, and reduce reliance on external financing."

The Cobalt team included Partners Elijus Burgis and Rasa Zasciurinskaite and Managing Associates Zygintas Voronavicius and Managing Associate Justinas Sileika.

Cobalt did not respond to our inquiry on the matter.

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.