News not to be missed

COBALT advised Latvenergo Group’s Estonian subsidiary Elektrum Eesti OÜ on the acquisition of 100% shares in Solarpark Kuusalu OÜ from Justkull OÜ. The Kuusalu solar park generates electricity with nearly 27,000 south-facing bi-facial panels with a total capacity of 17.4..

Fitek Holding OÜ, funded by BaltCap, acquired FitekIN and ONEA software platforms from Unifiedpost Group. The transaction covered six different jurisdictions in Europe and involved both asset and share deals. BaltCap is the largest and most experienced private equity investor..

Karma Ventures led Silicon Valley-based Pactum AI’s $20 million Series B funding round. Other investors in this round included 3VC, Atomico, Project A, Superangel, PortfoLion and Maersk. Pactum AI develops an AI-based system for autonomous negotiations. Over the past half-decade,..

Lennuabi, a company specializing in flight compensation recovery, successfully settled a dispute with the charter airline SmartLynx. As a result, Lennuabi’s customers received nearly half a million euros in compensation for delayed and unexpectedly canceled flights. This spring, the Latvian..

Media and digital business cluster 15min Group signed a deal to buy the M-1 radio station group. Before 15 Group can proceed with the purchase, the Lithuanian Radio and Television Commission (LRTK) and the Government Commission overseeing strategic transactions must..

Roche, one of the world’s largest biotechnology companies, has strengthened its Latvian presence by opening a satellite office for Roche Services & Solutions (RSS) EMEA at the Verde complex in Riga. This move signals the company’s commitment to continued investment..

French multinational company C.D Holding Internationale acquired a 76.5% stake in Stebby OÜ, the largest health & wellness platform in the Baltics. As part of the transaction, the previous majority owner of Stebby, Livonia Partners, has exited, and the management..

IISUTIB Raft Capital Baltic Equity Fund, an investment fund founded by Raft Capital Management, has raised EUR 50 million in investments. The fund plans to invest in rapidly growing companies in Lithuania and other Baltic countries, with a particular focus..