COBALT advises BaltCap on selling Fitek

COBALT advised the private equity fund BaltCap on the transaction resulting in the sale of the Baltic-based Fitek Holding to the Benelux’s company UnifiedPost Group. The value of the deal is confidential.

Fitek is the market leader in the financial automation process. The company operates in Estonia, Latvia, Lithuania, the UK, Slovakia, the Czech Republic, Serbia and Bosnia and Herzegovina. UnifiedPost Group is one of Europe’s leading FinTech firms headquartered in Belgium.

Our work comprised advising the client on all aspects of the transaction, including setting up the data room and drafting and negotiating the documents. The client was advised by the following COBALT pan-Baltic team members:

• Partner Peeter Kutman, specialist counsel Ott Aava, associate Liina Saaremets and assistant lawyer Kerli Paasoja from COBALT’s Estonian office;
• Partner Guntars Zīle, specialist counsel Andrejs Lielkalns, senior associates Elīna Ločmele and Inga Tenisa and associate Diāna Zepa from COBALT’s Latvian office;
• Partner Dr Juozas Rimas and senior associate Inga Mažvilaitė from COBALT’s Lithuanian office.

See the press release from here.