Sorainen has advised venture capital fund Open Circle Capital on its investment of EUR 170,000 in ad exchange startup SixAds. Glimstedt advised SixAds on the deal.
Cobalt has advised the INVL Baltic Sea Growth Fund, the largest private equity investment fund in the Baltics, on the acquisition of its wholly-owned subsidiary BSGF Sanus of a 70% stake in the InMedica health care clinics chain from the Lithuania SME Fund. TGS Baltic advised the sellers on the deal, and financial terms were not disclosed.
Cobalt has advised Lithuania’s second largest television and Internet services provider, UAB Cgates, on its acquisition of telecommunications company Splius. CEE Attorneys advised the shareholders of Splius on the transaction, which remains subject to the approval of the Lithuanian Competition Council. The transaction value was not disclosed.