Cobalt has advised Estonia's Aktiva Finants on its acquisition of Viena Saskaita, the first and largest specialized payment platform in Lithuania, from ME Investicija.
The transaction remains contingent on regulatory approval.
Aktiva Finants, which operates in Estonia, Latvia, and Lithuania, provides various loan-related services. The company's clients include companies providing finance, telecommunications, and utility services.
UAB ME Investicija is an investment company with businesses including Girteka Logistics and commercial real estate developer SIRIN Development.
Cobalt’s team included Partner Elijus Burgis and Senior Associate Zygintas Voronavicius.
Cobalt did not reply to our inquiry on the matter.
Editor's note: After this article was published, Sorainen announced that it had advised ME Investicija on the deal. The firm's team included Partners Mantas Petkevicius and Augustas Klezys, Counsels Stasys Drazdauskas and Lina Ragainyte-Mezene, and Associates Laura Matuizaite, Goda Drasute, and Simona Vaicekauskaite.