Cobalt has advised Hanza on the acquisition of the Leden Group.

Cobalt has advised Inbank on a synthetic securitization transaction involving the European Investment Bank and the European Investment Fund.

It is without a doubt that, like the economy in general, the legal market was also affected in recent years. Though the economy has been turbulent for a longer period than during the crisis that started in 2008, this time, the number of large disputes has remained constant. Despite the growing legal costs, high-value disputes rarely dropped due to costs. Smaller law firms, however, seem to have more problems when navigating in this economy – there are cases of closing businesses or consolidating to survive. 

Debt pushdown structures have become a prevalent strategy in Estonia for company acquisitions. However, up until now, the absence of clear regulatory guidance has left companies and their legal advisors navigating uncertain terrain, particularly concerning the tax implications. The (at the time of writing) soon-to-be-published guidance on the taxation of debt pushdowns is poised to provide much-needed clarity.

Cobalt has successfully represented Estonian environmental NGO MTU Eesti Roheline Rist on its appeal leading to the revocation of a construction permit for a planned soybean oil factory in Muuga port.

Cobalt has advised Decathlon on a new lease agreement with Spice Home shopping center in Riga, Latvia. Azanda & Associates reportedly advised Spice Home.

Cobalt has advised the shareholders of Bauhub on its sale to Admicom's subsidiary Tocoman.

Cobalt has advised PSA on its acquisition of 50% of Parnu Sadam shares from Transcom.

Eversheds Sutherland has advised Everfield on its acquisition of Meditec AB and Medicloud SIA. Cobalt advised the sellers.

Cobalt has advised Latvenergo on its acquisition of DSE Aizpute Solar from developer Danish Sun Energy ApS. Sorainen reportedly advised the sellers.

TGS Baltic has advised Simpact Ventures on its investment in Ligence as part of a round that also saw the participation of Coinvest Capital, the European Innovation Council, Estonian venture capital firm Lemonade Stand, the NGL business angel syndicate, and private investor Rita Sakus.

TGS Baltic, working with Linklaters, has advised sole bookrunner Citigroup Global Markets Europe on the tap issue of EUR 40 million 14.50% senior secured bonds by the Latvian national airline AirBaltic. Cobalt, working with Dentons, advised AirBaltic.

Cobalt, working with Cooley, has advised Printify on its merger with Printful. Ellex, working with Latham & Watkins, advised Printful.

Cobalt has advised Consolis Latvia on a partnership agreement with the Nordex Group.

Raising funds on the capital market—through the issuance of shares or bonds—provides companies with substantial advantages. Obtaining funds through capital market not only facilitates diversification of financial portfolios and reduces dependence on bank financing but also conveys a strong message to the issuer’s customers and business partners, illustrating the commitment to high standards of corporate governance. At the same time, by ensuring that the company’s securities are publicly listed, its members of the management board take responsibility towards the company itself, the shareholders, and other investors.

Cobalt has advised the 15min group on its placement of a EUR 16 million bond issue.

Cobalt has advised the Devbridge Foundation on the completion and transfer of the Kaunas Sobor lighting project to the Kaunas City Municipality.

Cobalt has advised Sugihara House Museum on setting up the Tangible Capital Fund.