Cobalt has advised the BaltCap Private Equity Fund III on its acquisition of a minority stake in Eesti Digiraamute Keskus.
Eesti Digiraamute Keskus is a Tallinn-based company that cooperates with publishers and booksellers. In addition to the online store, the company also offers sales and marketing platform services for publishers and authors. According to Cobalt, BaltCap’s goal with this investment is to further develop the company’s technology platform and services, providing customers with solutions for e-books and audiobooks.
BaltCap is a private venture capital fund operating in the Baltic States, whose portfolio includes, among others, Rahva Raamat, transport ticket system developer Ridango, ticket sales platform Piletilevi Grupp, and meat processing company Krekenavos.
The Cobalt team included Partner Peeter Kutman, Managing Associate Ott Aava, Specialist Counsel Liina Jents, and Junior Associate Elis Toim.
Editor's Note: After this article was published, TGS Baltic announced it had advised the Eesti Digiraamute Keskus minority stake sellers. The firm's team included Managing Partner Sander Karson and Senior Associates Maris Alt and Silvia Urgas.
