Estonia
The Netrisk Group and Bauer Media Group combined their Online Comparison Platform (OCP) businesses in Central and Eastern Europe (CEE). This merger marks the creation of a leading OCP business across six countries in the CEE region, operating together as the Netrisk Group.The expanded Netrisk Group will serve a larger and growing market for price comparison services with strong brands and leadership positions across Poland, Austria, Hungary, Czech, Slovakia and Lithuania
Estonia
COBALT advises AS PRFoods in selling its Swedish business to Vattudalens Fisk AB. The shares of Vattudalens Fisk AB, the acquirer of Överumans Fisk AB, are owned by Svaholmen AS, which is part of Norwegian group Egersund Group AS. The transaction includes the sale of 100% of the shares of Överumans Fisk AB, a Swedish subsidiary owned by Saaremere Kala AS. Överumans Fisk´s field of activity is rainbow trout breeding in Sweden
Estonia
COBALT successfully represented Starbucks Corporation in a trademark case, where a local entrepreneur wanted to register a trademark that was confusingly similar to Starbucks Corporation’s trademark. Starbucks Corporation was successful in the County Court as well as the Court of Appeal, the Supreme Court did not accept the claim to the proceeding
Estonia
COBALT advised Change Ventures on investing in a fintech startup askRobin. In addition to Change Ventures, the $1.7 million seed round was backed by VC funds Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand. Also, several tech entrepreneurs from Estonia participated, such as Ragnar Sass, co-founder of Pipedrive, and Taavi Tamkivi, founder of the anti-money laundering platform Salv
Estonia
COBALT was named Baltic-wide Law Firm of the Year at the 2020 Chambers Europe Awards online ceremony held on Friday 24 April. Chambers Europe Award nominates national and international law firms across Europe for notable achievements over the past 12 months, including outstanding work, impressive strategic growth, and excellence in client service
Estonia
COBALT advises Lauma Fabrics, one of the leading textile manufacturers in the Baltics and Europe, in connection with deliveries of COVID19 personal protective equipment (PPE) to Estonia and Latvia. Our work includes reviewing supply and aircraft lease agreements, drafting sales agreements and financing agreements, negotiating and other documentation. From COBALT the legal team is led by senior associate Madis Reppo and partner Martin Simovart
Estonia
COBALT advised a Finnish metal products wholesale company Steel Import Finland Oy on acquiring an Estonian reinforcement steel products manufacturer Osaühing FinEst Metallid. Osaühing FinEst Metallid, founded in 2005, is specialised in the processing of reinforcing steel and manufacturing of reinforcement steel products. Reinforcement elements form a significant part of their production, which reach the customers in a finished state, ready to be put into the mould
Estonia
APX has made a pre-seed investment into Marine Digital. APX is an early-stage investment fund and accelerator based in Berlin backed by Axel Springer and Porsche. Marine Digital is a Latvian-based start-up engaged in developing neural networks for the recognition of documents and internal automation frameworks for the logistics sector. COBALT advised APX with drafting investment documents for the investment round
Estonia
COBALT advised Danish Agro Group company DA Agravis Machinery Holding A/S on acquiring the remaining 55% of the shares in AS Konekesko Eesti, a company selling agricultural machinery. Previously, DA Agravis Machinery Holding was the holder of 45% of AS Konekesko Eesti’s shares, after an initial transaction completed between the same parties in 2017 and likewise advised by COBALT
Estonia
COBALT advises the owner and operator of T1 Mall of Tallinn shopping centre, AS Tallinna Moekombinaat (TMK, a group subsidiary of AS Pro Kapital Grupp) in reorganisation proceedings. The purpose of reorganisation proceedings is to ensure continuation of normal daily business by safeguarding the rights and interests of investors, employees, creditors and all cooperation partners
Estonia
COBALT advises SA KredEx on conducting public procurement in 2020 for the development of the Estonian start-up business ecosystem and start-up business development programs. The purpose of the procurement is to mitigate through comprehensive value propositions the bottlenecks in the start-up business ecosystem, which hinder the development of start-ups / potential start-ups and/or the ecosystem as a whole
Estonia
COBALT advises the leading fashion brand house in the Baltics AS Baltika in reorganisation proceedings. Baltika is in the opinion that in the current situation reorganisation of the company is the best way to protect the rights and interests of the shareholders, the employees, the creditors and the partners of Baltika
Estonia
COBALT successfully advised and represented Estonia's largest waste handler, Ragn-Sells AS in a dispute concerning the public procurement of a waste removal concession organized by Vinni municipality. The dispute concerned determining in the waste removal contract documents of the place where the waste is to be treated. In its judgment of 15.01
Estonia
On 5 March, Luminor Bank completed its inaugural issue of covered bonds and the first ever issue of covered bonds in the Baltic region, by issuing covered bonds with the aggregate nominal value of EUR 500 million. The covered bonds are to be listed on the Euronext Dublin Stock Exchange. Investor’s appetite for the covered bonds was extremely strong and Luminor Bank received orders in excess of EUR 1.6 billion from international investors
Estonia
Taxify, a ride-hailing startup born in Estonia closed $175 million in new funding that takes it valuation to the $1 billion mark. Daimler, the German automotive giant which owns Mercedes-Benz among other things, led the round. COBALT Estonia advised Taxify&s shareholder, the world’s leading ride-hailing platform DiDi Chuxing in relation with an investment round of Taxify led by Daimler
