All deals & cases

COBALT continues delivering excellence in the venture capital market

2014-11-13

COBALT is one of the most active law firms in private equity and venture capital transactions. In 2014 COBALT won an exclusive award from Lithuanian Private Equity and Venture Capital Association for its leading position in the largest venture capital funds transactions in terms of deal volume.

Recently the law firm assisted Practica Capital, a venture capital firm in the Baltics, with the latest three Lithuanian investments in start-up Tokia.lt, UAB MCT, and Fast Foods Group, UAB.

The investment in Tokia.lt, a fast-growing online community, will be devoted to a systematic improvement of the product and development of new functionalities when expanding to foreign markets. UAB MCT is currently developing a 90-room and 177-medical rehabilitation centre in Druskininkai. The funds will be used for the development, launch and operation of a modern medical rehabilitation centre, whereas, investment in Fast Foods Group, UAB will stimulate KFC and Pizza Hut development in this region in the nearest future.

COBALT is pleased to continue cooperation with one of the leading venture capital firms in Lithuania and the firm’s contribution to major venture capital transactions in the region.