Cobalt has advised BaltCap Latvia Venture Capital Fund and funds managed by Imprimatur Capital, together with other shareholders, on the sale of Blue Bridge Technologies to Everfield. BDO Law advised Everfield on the deal.
Cobalt has advised SmartCap on the launch of its Greentech Investment Program focusing on investments in green technology companies.
Cobalt, working with Wiersholm, has advised Visma on the sale of its Custom Solutions business to CVC Capital Partners. Ellex, working with Schjodt and Freshfields, advised the buyer.
Cobalt has advised Levinum on the establishment of the fine wine investment fund WineFortune.
Cobalt, working with Clifford Chance, has advised joint lead managers Citi, Deutsche Bank, Erste Group, and Nomura on the EUR 850 million issuance of 4-year eurobonds by the Republic of Latvia. Allen & Overy reportedly advised the Republic of Latvia.
Cobalt has successfully represented biogas power plants Ziedi JP, AD Biogazes Stacija, Bio Future, Gas Stream, Conatus Bioenergy, International Investments, Agro Lecava, RZS Energo, and Macibu un Petijumu Staimnieciba Vecauce before Latvia’s Constitutional Court in a dispute related to specific requirements for the efficient use of thermal energy under mandatory procurement.
Cobalt has advised LHV Asset Management and LHV pension funds on their financing for the share buyout of the Dimedium Group. Ellex advised Dimedium.
Cobalt has advised Northzone on its investment in technology start-up Katana. New investors Northzone and Lightrock and existing investors Atomico and 42CAP participated in the USD 35 million series B round.
Cobalt has advised the Nordic Secondary Fund II on investing in Estonian start-up Eurora Solutions.
Cobalt has advised venture capital fund Change Ventures on leading a EUR 2 million seed round into Estonia-based green tech start-up Cloud Factory.
Cobalt has advised the BaltCap Private Equity Fund III on the acquisition of Rahva Raamat. Ellex advised Rahva Raamat.
Cobalt has advised energy infrastructure contractor Enersense SIA on the formation of a joint venture with Siemens Energy Global.
Cobalt has advised British venture capital fund Piton Capital on investing in Lithuanian car parts trading start-up Ovoko. Noor reportedly advised Ovoko on the investment.
Cobalt has advised 3Commas on its USD 37 million Series B funding round led by Target Global and including Alameda Research, Jump Capital, and Dmitry Tokarev.
Cobalt has successfully represented the Baltic Center for Investigative Journalism Re:Baltica in a defamation dispute related to its 2019 article “Mega-donor to pro-Russian party benefits from Magnitsky and Azerbaijani laundromats.”
Cobalt has successfully represented Latvian news magazine Ir before Latvia’s Supreme Court in defamation proceedings.
Cobalt has advised Karma Ventures on its investment in employee relocation management start-up Jobbatical.