Cobalt has advised Santa Monica Networks Group on the sale of its Estonian and Finnish subsidiaries to the Elisa Corporation telecommunications company and its Latvian and Lithuanian subsidiaries to Livonia Partners. Bird & Bird advised the Elisa Corporation and Ellex Raidla advised Livonia Partners on the transaction, which is expected to be completed by May 1, 2017.
Cobalt describes Santa Monica Networks, which was founded in 1989, as "a regional market and expertise leader in supporting core networks, data security, [and] unified communications, as well as data centers."
The Cobalt team in Estonia consisted of Senior Partner Sten Luiga, Partner Peeter Kutman, Senior Associate Ott Aava, and Associates Mattias Tammeaid, Madis Reppo and Liina Saaremets; in Latvia of Managing Partner Lauris Liepa and Associate Diana Zepa, and in Lithuania of Managing Partner Irmantas Norkus, Partner Juozas Rimas, and Associate Julija Timoscenko.
Bird & Bird did not reply to our inquiries on the matter.
Editor's Note: After this article was published, Ellex Klavins informed CEE Legal Matters that its team consisted of Partner Zinta Jansons, Senior Associate Martins Gailis, and Associates Reinis Sokolovs and Janis Gavars, and Ellex Valiunas announced that its team consisted of Associate Partner Robertas Ciocys and Senior Associate Povilas Junevicius.