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Cobalt and Ellex Advise on BaltCap Sale of Fitek

Cobalt and Ellex Advise on BaltCap Sale of Fitek

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Cobalt has advised BaltCap on the sale of its 95% stake in Baltic-based Fitek Holding to the UnifiedPost Group, which was advised by Belgian law firm Quorum and Ellex Raidla.

Financial details of the deal were not disclosed.

Fitek focuses on financial automation processes and operates in Estonia, Latvia, Lithuania, the UK, Slovakia, the Czech Republic, Serbia, and Bosnia and Herzegovina. 

UnifiedPost Group is a FinTech firm headquartered in Belgium.

Cobalt’s pan-Baltic team consisted of, in Estonia, Partner Peeter Kutman, Specialist Counsel Ott Aava, Associate Liina Saaremets, and Assistant Lawyer Kerli Paasoja; in Latvia, Partner Guntars Zile, Specialist Counsel Andrejs Lielkalns, Senior Associates Elina Locmele and Inga Tenisa, and Associate Diana Zepa; and in Lithuania, Partner Juozas Rimas and Senior Associate Inga Mazvilaite.

The Ellex team in Estonia included Partner Sven Papp, Counsel Jaanus Ikla, and Senior Associate Gerda Liik

Latvian 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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