COBALT counselled its long-term client Danfoss, a company of Denmark, in the sale of the majority holding in the IT company Proekspert to its Estonian management.
Danfoss held 75.2% of the shares in the company, the remaining shares were held by the employees who bought out the holding. The parties have agreed not to disclose the value of the transaction.
Our assignment comprised advising the client during the entire sale process.
From COBALT, the client was counselled by partner Peeter Kutman and senior associate Ott Aava.