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Ellex and Cobalt Advise on Consolis Group Acquisition of TMB AS

Ellex and Cobalt Advise on Consolis Group Acquisition of TMB AS


Ellex has advised the Consolis Group, a European provider of precast concrete solutions, on the acquisition of Estonian company TMB AS. The sellers, TMB's shareholders, were represented by Cobalt.

According to Ellex, “Consolis is a leading provider of precast concrete solutions in Europe. The group provides smart, durable precast concrete structures for the transportation, utilities and building sectors.” With more than 11,000 employees in 22 countries throughout the world, the group generated EUR 1.45 billion in revenue in 2017.

Founded in 1961, the TMB Group employs around 500 people, and its annual revenues exceeded EUR 120 million in 2017. The company is engaged in the production, sale, and installation of concrete elements. 

The Ellex team consisted of Partner Sven Papp, Counsel Jaanus Ikla, and Senior Associates Gerda Liik and Martin Maesalu.

Cobalt's team included Partner Martin Simovart, Specialist Counsel Jesse Kivisaari, and Associate Liina Saaremets.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


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