COBALT was recognized at the Investor of the Year in Latvia 2019 ceremony in Riga on 23 January 2020, receiving the Legal Adviser of the Year award. The ceremony is organized by the Latvian Private Equity and Venture Capital Association and Latvian Business Angel Network. COBALT received recognition for sixth time in nine years, previously being named “Legal Adviser of the Year” in 2012, 2014, 2016, 2017 and 2018.
COBALT was nominated for the award in relation to the advice to Marguerite Fund on the sale process of 29.06% stake in the unified natural gas transmission and storage operator in Latvia Conexus Baltic Grid and for the legal assistance to the Latvian Private Equity and Venture Capital Association by drafting amendments to the Law on Alternative Investment Funds and Managers of Latvia.
At the ceremony honouring the most successful private equity and venture capital investment projects in Latvia in 2019, awards were granted in seven categories, including “Investment of the Year”, “Financial Adviser of the Year” and “Legal Adviser of the Year”.