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Cobalt and Ellex Advise on Livonia's Acquisition of Stake in Telema

Cobalt and Ellex Advise on Livonia's Acquisition of Stake in Telema

Estonia
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Cobalt has advised the privately held investment fund Livonia on its acquisition of a stake in Telema. Ellex advised Telema. Eipre & Partners reportedly advised the target company.

Telema is an operator of electronic data exchange and e-invoices. It employs more than 30 people in Tallinn, Riga, and Vilnius. 

Livonia Partnersis a pan-Baltic private equity investment firm. Currently investing from EUR 157 million Fund II, Livonia team works across Estonia, Latvia, and Lithuania.

According to Telema founder and CEO Hele Hammer, the involvement of an institutional investor gives the company new knowledge and experience, which helps to strengthen Telema’s position both in the Baltic countries and beyond.

The Cobalt team included Partner Peeter Kutman, Specialist Counsel Madis Reppo, and Junior Associate Ken Saksniit.

The Ellex team included Counsel Rutt Vark and Lawyer Karl Rudolf Org.