Sorainen has advised insurance aggregator Edrauda.lt founders Rima Kazlauskaite and Dainius Alkinas and investor ME Investicija on the sale of their company to online insurance group Netrisk. Cobalt advised the Netrisk Group on the deal.
According to Sorainen, the Netrisk Group is owned by private equity firm TA Associates and technology investment fund MCI EuroVentures. It operates in Lithuania, Hungary, the Czech Republic, and Slovakia. “Edrauda’s Lithuanian platform, which offers the ability to compare, select and buy services from different insurers online, joins a family of fast-growing regional insurance aggregators that includes names such as Netrisk.hu, Biztositas.hu, Klikpojisteni.cz, Porovnej24.cz, and Netfinancie.sk.”
Sorainen’s team included Partner Mantas Petkevicius and Senior Associate Mindaugas Baniulis.
Cobalt's team included Partner Akvile Bosaite and Senior Associates Lina Aleknaite-van der Molen and Julija Aleska.
