Cobalt has advised the shareholders of the TMB Group on selling their business to the Consolis Group, a company dealing with suppliers of precast concrete solutions.
Founded in 1961, the TMB Group employs around 500 people and its annual revenue exceeded EUR 120 million in 2017.
Consolis is a precast concrete solutions provider in Europe. The Group, which provides smart and durable precast concrete structures for the transportation, utilities, and building sectors, has more than 11,000 employees in 22 countries.
Cobalt's team included Partner Martin Simovart, Counsel Jesse Kivisaari, and Associate Liina Saaremets.
Cobalt did not reply to our inquiries on the matter.