COBALT Estonia advised the transaction wherein Merit Tarkvara’s shareholders sold the shares in the company which were acquired by Visma.
Visma is the Nordic region's leading supplier of business software and services with a presence in twelve countries and approximately 8,500 employees.
Merit Tarkvara is a software company that provides effective and accessible cloud-based tools for both accountants and small business owners. Its key products are accounting software Merit Aktiva and payroll software Merit Palk.
COBALT’s team advising the deal consisted of partner Martin Simovart, senior associates Heleri Tammiste and Kristjan Kotkas, specialist counsel Jesse Kivisaari and senior associate Karl Kull.
Please find the press release here.