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Cobalt Advises SmartCap on EUR 100 Million Defense Fund Launch

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Cobalt has advised SmartCap on launching a EUR 100 million Defense Fund.

SmartCap, established in 2011, is a small fund manager dedicated to developing Estonia’s venture capital market.

According to Cobalt, the fund is “aimed at advancing Estonia’s defense industry and developing innovative defense and security capabilities to meet the growing global demand. The Defense Fund contributes to Estonia’s economic growth by improving access to local capital for defense sector companies. It invests in funds managed by both new and experienced fund managers.”

In 2023, Cobalt advised SmartCap on its eAgronom investment (as reported by CEE Legal Matters on July 3, 2023). In 2022, Cobalt also advised SmartCap on the launch of its green technology investment program (as reported by CEE Legal Matters on November 21, 2022).

The Cobalt team included Partner Kristel Raidla-Talur, Managing Associate Greete-Kristiine Kuru, and Specialist Counsel Mart Blondal.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. 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 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.