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TGS Baltic Assists KnowledgePrice with Sale to Sapiens International Corporation

TGS Baltic Assists KnowledgePrice with Sale to Sapiens International Corporation

Latvia
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TGS Baltic has assisted KnowledgePrice with the sale of 100% of its shares to Sapiens International Corporation. Israel's Meitar law firm advised Sapiens on the deal.

TGS Baltic describes Sapiens International Corporation as "a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector," and reports that "it has expanded its digital division’s capabilities through the acquisition of KnowledgePrice.com, a technology specialist with expertise in digital insurance services and consulting."

Privately-held KnowledgePrice, which is based in Riga, employs about 50 digital insurance technology experts and is a provider of services to European insurance providers. According to TGS Baltic, "KnowledgePrice has extensive expertise and long-term experience with open technologies, agile methodologies, and best practices surrounding digital insurance, which will equip Sapiens’ customers with complete digital solutions. KnowledgePrice will serve as a center for excellence for digital engagement services. Its experts will join Sapiens’ Digital Division, which focuses on digital and business intelligence services and solutions, including portal and digital distribution offerings to customers worldwide. The expanded Digital Division will create innovative offerings and provide full support during customers’ digital journeys."

TGS Baltic's team was led by Partner Inese Hazenfusa, supported by Associate Rudolfs Vilsons.

 

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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

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