Sorainen has advised the owners and co-founders of castable sonar company Deeper, as well as financial investor Gemini Grupe, on their sale to Resource Partners. Cobalt advised Resource Partners on the transaction.
Financial details were not disclosed.
According to Sorainen, the new investors will become the majority shareholders in the company and will be supported by Donatas Malinauskas, who will continue in his role as CEO.
Sorainen’s team included Partner Mantas Petkevicius, Counsel Lina Ragainyte-Mezene, Senior Associates Inga Macijauskaite and Mindaugas Dominykas Baniulis, Associate Simona Vaicekauskaite, and Legal Assistant Goda Jakubauskaite.
Cobalt's team included Partner Elijus Burgis, Managing Associate Deimante Pagiriene, and Associates Kostas Grigaitis and Milda Vaznelyte.