COBALT advises the sale of successful start-up Teleport

COBALT advised the sale of successful start-up Teleport to British technology company MOVE Guides, which moves and manages the mobile workforce.

As part of the deal, users of Teleport will continue to use the service under its existing branding. Sten Tamkivi and his cofounder Silver Keskküla will be joining MOVE Guides’ leadership team with the Tallinn office becoming MOVE Guides’ latest location alongside London, San Francisco, and Hong Kong.

COBALT advised the target company and its Estonian founders on various aspects of the transaction, including in relation with the due diligence and transaction documents.

The client was advised by Partners Egon Talur, Karina Paatsi and Kristel Raidla-Talur and Associates Greete-Kristiine Kuru, Karli Kütt and Liina Saaremets.

Please see the press release of the transaction from here.