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Walless has advised the Baltic Horizon Fund on its EUR 20.7 million acquisition of the North Star business center in Lithuania from the UAB Prosperus Strategic RE Fund. Cobalt reportedly advised the Prosperus Strategic RE Fund on the deal.

Read more: Walless Advises Baltic Horizon Fund on Acquisition of Vilnius Business Center

Sorainen has helped DappRadar, a Lithuanian platform for discovering and analyzing blockchain-based decentralized applications, raise USD 2.33 million in seed funding from Naspers (through its Naspers Ventures division), Blockchain.com Ventures, and Angel Invest Berlin. TGS Baltic advised Naspers on the investment.

Read more: Sorainen Helps DappRadar Raise Seed Funding Led by Naspers

TGS Baltic has advised KS Investicija on the sale of 45% of newly-issued shares in UAB VK Investicija to Swiss investor Marquess Global AG. VK Investicija is a holding company of AB Sparta, a former textile manufacturing company KS Investicija acquired in 2018. Sorainen advised Marquees Global on the deal.

Read more: TGS Baltic and Sorainen Advise on VK Investicija's Sale of Shares in Sparta Factory in Vilnius to...

Averus has advised the bankruptcy administrator of BUAB Lietuvos Juru Laivininkyste on the successful completion of bankruptcy procedures and the removal of the company from the Register of Legal Entities.

Read more: Averus Advises Bankruptcy Administrator of BUAB Lietuvos Juru Laivininkyste on Completion of...

SPC Legal has advised East Capital Investment on the sale of an unidentified piece of real estate in Lithuania to a group of unidentified buyers. The buyers were represented by Relegal.

Read more: SPC Legal and Relegal Advise on East Capital Sale of Real Estate to Private Investors

Walless provided Lithuanian counsel and Israel's Barnea Jaffa Lande & Co. was lead counsel to BLender P2P Israel Ltd on its generation of a total of USD 22 million in debt financing from Eiffel Investment Group SAS and equity investment by Asia Plus Group Holdings PCL, Blumberg Capital, and the Aviv Group. Glimstedt advised Eiffel on the debt financing.

Read more: Walless and Glimstedt Assist on BLender Financing

Fort has advised EfTEN Real Estate Fund 4 on its acquisition of the shares of the company managing the River Mall shopping center and the newly-constructed River Hall business center in Kaunas, Lithuania, from a member of the Sirin group.

Read more: Fort Legal Advises EfTEN on Large Kaunas Real Estate Acquisition

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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