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.

Cobalt has advised the EBRD on a EUR 100 million investment in Green Genius.

Cobalt has advised Ovoko on a EUR 20 million phase B venture capital investment round led by Smash Capital. Noor advised the founders of Ovko. Sorainen reportedly advised Smash Capital.

Cobalt has advised Change Ventures on co-leading a EUR 700,000 round for Certific, alongside Firstpick and Heartfelt VC.

Following extensive discussions between industry stakeholders and state institutions, several crucial solutions have been identified to address the problems of drug availability and monitoring control. The primary aim is to ensure wider and faster access to medicinal products for patients in Latvia.

It is not new that originator pharmaceutical companies try to block generic competitors from entering the market. Considering the recent developments in the Court of Justice of the European Union (CJEU), originators should tread carefully when defending their patents. Having a strong patent is crucial, and the consequences of failing to vet the strength of a patent could end up costly.

Cobalt has advised BNP Paribas, Deutsche Bank, and Erste Group as the joint lead managers of the Republic of Latvia's seven-year Eurobond that raised EUR 600 million at a reoffer yield of 3.138% and a fixed rate coupon of 3%.

Cobalt has advised Practica Venture Capital on its exit from MedDream. Ellex reportedly advised the unidentified buyers.

Cobalt has advised Karma Ventures on leading the USD 5 million series A investment round for Estonian cybersecurity startup Patchstack which also saw the participation of G+D Ventures and Emilia Capital. Triniti reportedly advised Patchstack.

Cobalt has advised the Fern Group on its 2-year EUR 8 million public bond issuance with an offered annual interest rate of 9%.

Cobalt has advised BonVenture on its investment into Fairown as part of a EUR 5.7 million seed extension round.

Cobalt has advised Linas Agro on its acquisition of Elagro Trade for a preliminary amount of EUR 22 million.