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Sorainen and Cobalt Advise on Sale of Online Flight Ticket Seller in the Baltics

Sorainen and Cobalt Advise on Sale of Online Flight Ticket Seller in the Baltics

Lithuania
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Sorainen has advised Blue Ocean Invest on the sale of 100% shares in Interneto Partneris – the largest online flight ticket seller in the Baltic States – to the Otravo Group. The buyers were advised by Cobalt.

According to Sorainen, "Interneto Partneris operates the online platforms 'greitai.lt' in Lithuania, 'flysiesta.lv' in Latvia, 'bookinghouse.ee' in Estonia, 'flysiesta.pl' in Poland, 'flysiesta.ru' in Russia, 'viagid.com.ua' in Ukraine, and 'Flysiesta.com' in other countries."

According to Cobalt, "Otravo is the market leader in air travel sales in the Benelux and Scandinavia. Among the group’s brands are Vliegtickets.nl, Vliegtickets.be, WTC.nl, Schipholtickets.nl, Flygstolen, and Tripmonster. This transaction will enable Otravo to expand its activities in the Baltics."

Interneto Partneris General Manager Alvydas Vitkauskas commented: “We are excited to become a part of Otravo. The know-how and synergy of both companies will enable us to take our business in Europe to the next level. It will allow us to increase market share in the countries we are focusing on the most – Lithuania, Latvia, Estonia and other European countries. I am sure that we will become more competitive and will be able to offer our customers even better airplane ticket prices.”

The Sorainen team consisted of Counsel Mantas Petkevicius and Senior Associate Karina Andriukaitiene.

The Cobalt team advising the Otravo Group was led by Partner Elijus Burgis, assisted by Associate Evaldas Petraitis.

Lithuanian 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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