Mart Blöndal

Specialist Counsel / Estonia

Contacts

About

Mart Blöndal is a Specialist Counsel, specialising in European Union, competition law and state aid at COBALT Estonia.

Mart has advised clients in all areas of competition law, including merger control, dominance, and prohibited cooperation issues. In the field of state aid, Mart has advised clients on various complex state aid issues, including various proceedings with administrative bodies and the European Commission. In addition, Mart is focused on energy and information technology sectors.

Mart’s work in advising clients has contributed to the creation of significant players in the Estonian market and the clarification of key state aid principles. In this way, Mart has contributed to the creation of Luminor as the first truly Baltic bank and represented the European Commission in the landmark Eesti Pagar case.

Practice

Recognition

Chambers Europe, Competition/Antitrust, Up and coming – 2024

Languages

Estonian, English, German

Membership & education

Estonian Bar Association (2017)
Master of Laws (LL.M) degree in European business law, Lund University, Sweden (2016)
Bachelor of Arts in Social Sciences (B.A.), law, University of Tartu, Faculty of Law, Estonia (2014)

Experience

HANZA AB acquires Finnish manufacturer Leden Group

EBRD leads the €6M pre-Series A investment round in Estonian AI startup Miros alongside other investors

Warsaw Equity Group invests in UP Catalyst, a startup revolutionizing electric car battery technology

NORD/LB and Swedbank finance one of the largest renewable energy projects in Estonia

C.D Holding Internationale acquires a majority stake in Stebby OÜ

Balti Autoosad AS acquires AS Automeister

Helmes AS acquires a majority stake in Trinidad Wiseman OÜ

Livonia (KS Livonia Partners Fund II AIF) acquires a stake in Telema AS

AS Terminal defends its rights in the liquid fuel market regarding violations committed by Olerex

Mirova invests in Baltic Storage Platform, a joint venture between Corsica Sole and Evecon

Combiwood Group acquires the Estonian wood supply business from Metsä Group

The shareholders of TMB Element sells its shares to INHUS

Warmeston OÜ acquires Brocēni cogeneration plant and pellet factory in Latvia from Enefit Green

Livonia Partners acquires a stake and invests in Wildix OÜ

FootonVolt OÜ sold Estonia’s first industrial solar park to KC Energy OÜ

Change Ventures invests in startup Formaloo

COBALT advises the majority shareholder of AS TOODE, Amber Trust II S.C.A. in the sale of its shares to Kingspan Group

The majority shareholder of Hansab sells its majority stake to BaltCap

HellermannTyton acquires Estonian microduct manufacturing company Höhle

COBALT advised SCHWENK on acquiring a majority stake in Betoonimeister

COBALT advised Mirova Energy Transition 5 S.L.P on signing a contract with renewable energy developer Evecon OÜ

COBALT advised the sale of district heating network company VKG Soojus to Gren

COBALT advises Neo Performance Materials Inc. upon development of magnet manufacturing plant in Estonia

COBALT assisted the client in an internal investigation and successfully defended the client in a cartel criminal case

COBALT successfully represented Tallinna Sadam in Tallinn Circuit Court

COBALT advised Elektrum Eesti on the acquisition of three energy companies

COBALT advised Elektrum Eesti on acquiring the Imatra Elekter electricity retail sales business

COBALT advised Wolt in supervision proceedings of the Estonian Competition Authority

COBALT successfully represented AS Tallinna Sadam in a civil dispute

COBALT advised Nordic Aviation Group on entering into an 8 million euro revolving loan facility agreement with Sihtasutus KredEx

COBALT advises Flügger on gaining the majority stake in Eskaro group

COBALT assisted in obtaining the state aid authorisation from the European Commission

COBALT advised Steel Import Finland Oy on acquiring FinEst Metallid

COBALT advised Baltic Agro Machinery OÜ on the sale of John Deere business

COBALT advised DA Agravis Machinery Holding on acquiring 55% of AS Konekesko Eesti

COBALT advised Hansab Group on selling their stake in Moya OÜ

COBALT advised SEB life insurance undertakings on cross-border merger in the Baltics

COBALT represented the European Commission in major state aid cases in Estonian courts and Court of Justice

COBALT advises Zeppelin Group on acquiring Baltic Marine Contractors

COBALT advised Silberauto on selling its business in Estonia and Lithuania

COBALT advised BP plc on a deal

COBALT analysed compliance of activities of AS Eesti Teed with rules on state aid

COBALT advises AS RAGN-SELLS on OSA project

COBALT advised shareholders of TMB Group on selling a major part of its business to Consolis

COBALT advises BaltCap Growth Fund on investing in Pihlakodu chain

COBALT successfully represented UEFA

COBALT advised Luminor on cross-border merger

COBALT advised the majority shareholders of Baltic Media Holding on selling their shares to Havas

COBALT advised European Diversified Infrastructure Fund II on investment in Utilitas, leading private Estonian energy group

COBALT advised shareholders of TMB Group on selling its business to Consolis Group

COBALT advised Alexela Oil on the acquisition of 220 Energia

COBALT advised Luminor on obtaining ECB approval for cross-border merger in the Baltics

COBALT advised Port of Tallinn on its IPO and listing on Nasdaq Tallinn Stock Exchange

COBALT advises HHLA on acquiring Estonia’s biggest terminal operator Transiidikeskuse AS

COBALT advises Luminor on reorganising its management structure

COBALT advised Baltic Horizon Fund on acquisition of Postimaja shopping center

COBALT advised Yliopiston Apteekki OY on selling its pharmacy chain

COBALT advised BPM Capital on financing the investment of Tahe Outdoors

COBALT advised DNB on the creation of Luminor – largest ever transaction in the Baltic banking market

COBALT advises DAVA Agravis Machinery Holding on acquisition of 45% of shares in Konekesko Ltd

Publications

COVID-19 in the Baltics: State aid – how can the State help companies affected by COVID-19?

COBALT Baltic Competition Law News – December 2019

Competition Law News – March 2019

We are driven by your recognition

"He is an extremely insightful and client- and business-oriented competition lawyer."

Chambers Europe 2024, Competition / Antitrust

"He provides timely and spot-on advice. He knows the substance and the market well, and is a very service-minded person."

Chambers Europe 2024, Competition / Antitrust

"Mart Blöndal is very professional and always has a hands-on approach to find any solution. Solution oriented with great enthusiasm for matters involved."

Legal 500 2024, EU and Competition

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