Cobalt has advised Karma Ventures on leading the USD 5 million series A investment round for Estonian cybersecurity startup Patchstack which also saw the participation of G+D Ventures and Emilia Capital. Triniti reportedly advised Patchstack.

In Estonia, the push toward renewable energy, particularly offshore projects, is gaining momentum, with recent developments in grid connections and government support schemes, according to Njord Partner Triinu Hiob who also reports on tax changes and judicial reforms on the horizon.

Cobalt has advised BonVenture on its investment into Fairown as part of a EUR 5.7 million seed extension round.

TGS Baltic, working with Gernandt & Danielsson and Lupp + Partner, has advised TUV SUD on its acquisition of Carspect Group Holding and its subsidiaries in Sweden, Estonia, and Latvia from IK Partners group company Arwen International and minority sellers. Sorainen reportedly advised IK Partners.

Cobalt, working with Watson Farley & Williams, has advised NORD/LB and Swedbank on the EUR 87 million financing for Aidu Wind Park’s development of 67.5 megawatts of the 75-megawatt Aidu wind farm in Estonia.

CMS has advised TurboVolt on its sale to Eleport. Ellex advised Eleport and, reportedly, Schoenherr advised Eleport on Austrian, Croatian, and Slovenian law.

Ellex has advised Hansa Medical on its acquisition of Weissmed.

Cobalt has advised the Warsaw Equity Group on its investment in UP Catalyst in a EUR 2.36 million round that also saw the participation of SmartCap.

Former Estateguru General Counsel Artur Sanglepp has returned to private practice and joined Rask as an Attorney at Law.

TGS Baltic has successfully represented Berthold Vollers in a dispute with Cocoanect and AIG Europe before the Court of Appeal of The Hague.

TGS Baltic has advised Bondora AS on the process of obtaining a permit from the Estonian Financial Supervision Authority to establish a branch in Slovenia.

Ellex has advised Ergo International on the acquisition of ADB Gjensidige from Gjensidige Forsikring ASA.

Cobalt has advised Elektrum Eesti on its acquisition of Solarpark Kuusalu from Justkull.

Cobalt has advised BaltCap on its investment in Fitekin and Onea software platforms of the Unifiedpost Group.

Cobalt has advised Karma Ventures on leading the USD 20 million Series B funding round for Pactum AI with other investors including 3VC, Atomico, Project A, Superangel, PortfoLion, and Maersk.

Linklaters has advised Goldman Sachs Bank Europe as the global coordinator and JLM and LHV Bank as joint lead managers on the offering of a EUR 400 million perpetual green hybrid bond by Eesti Energia.

TGS Baltic has advised Rulonas on its acquisition of IMS Baltic companies from Metal Service Group Holding. Widen Legal reportedly advised the sellers.

Cobalt has advised C.D Holding Internationale on its acquisition of Stebby from Livonia Partners.