COBALT is recognised as No.1 M&A legal advisor in the CEE region by the number of deals advised in the first eight months of 2019, according to EMEA Mid-Market M&A insight review presented byRefinitiv.
In Eastern Europe, COBALT was the leading legal advisor in both Legal MidMarket League Tables up to US$500 million and up to US$200 million. According to the agency, during the period from January to August 2019 COBALT in Lithuania, Latvia and Estonia advised on a total of 40 deals valued USD 75 million (taking into account that most deal values are confidential and not included in this amount).
COBALT advised the funds (Apax Funds) advised by Apax Partners LLP on acquiring 100% of the shares in Baltic Classifieds Group OÜ (BCG), a company holding of a portfolio of online classifieds ads services in the Baltics. The client was advised by COBALT’s pan-Baltic team, working with Simpson Thacher & Barlett LLP, in all aspects of the transaction, likely one of the largest deals of 2019 in the Baltics.
Among other examples, COBALT advised the private equity fund BaltCap on the transaction resulting in the sale of the Baltic-based Fitek Holding to the Benelux’s company UnifiedPost Group. The value of the deal is confidential.
In the rankings COBALT stands among such leaders in the international legal services market as Havel & Partners, CMS, Dentons, Baker Mckenzie, to mention just a few.
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Refinitiv review here.