COBALT advising on sale of IT company Affecto Estonia

COBALT is advising NASDAQ OMX Helsinki Exchange-listed Affecto Plc on the sale of its Estonian subsidiary Affecto Estonia to the subsidiary’s acting members of staff.

The selling price is approximately EUR 1.8 million. The company expects to close the transaction in December 2016.

Affecto will partner with the entity in Estonia. This will enable continuing joint local delivery solutions for Affecto’s international customers.

Our assignment comprised advising the client during the entire sale process.

From COBALT the client was advised by Partner Martin Simovart and Senior Associate Karl Kull.

Please see the press release here.