The Vilnius office of Cobalt has advised Practica Capital on the EUR 1 million investment it made along with a group of other, unidentified, private investors in the RRR.lt online platform for the sale of used car parts. Wint advised the owner of the platform on the deal.
RRR.lt offers a software package to used car parts sellers, which allows them to manage their stock and sell pre-inspected car parts. Currently, as much as 40 percent of the orders placed via the platform are delivered to foreign countries.
According to Cobalt, the investment will be used to expand the platform into new markets and to disseminate sustainability ideas.
Cobalt’s team included Partner Akvile Bosaite and Senior Associate Lina Aleknaite-van der Molen.
Wint's team consisted of Partner Andrius Iskauskas and Senior Associate Donatas Zdanavicius.