Cobalt has advised Lithuanian invoice financing company UAB Debitum Fori, operating under the trade name Debifo, on the sale of the company to Dutch factoring company Factris. TGS Baltic advised Factris on the acquisition.
Cobalt, working with Linklaters in Poland, Homburger in Switzerland, and Arendt & Medernach in Luxembourg, is representing SEB Bank in allocating EUR 80 million financing for the development of Lithuania's joint-stock stevedoring company Klaipedos Smelte. Allen & Overy is reportedly advising Klaipedos Smelte.
CEE Attorneys has advised fabric manufacturer Agne Chomiciene and Malte Holding Aps on the division of UAB Baltijos Tekstile into two parts, and the consequent EUR 4 million sale of the remainder of the company to long-term business partner Gabriel A/S. KPMG Denmark represented Gabriel A/S in the deal.
Cobalt has advised Practica Capital on the launch of a new venture capital fund, Practica Capital Venture II, which will invest in Baltic innovation and technology-driven ventures, with EUR 15 million of public funds committed by Invega and the rest committed by Practica Capital and other local and international investors. Ellex reportedly advised Invega on the deal.