Department profile
COBALT

Corporate/Commercial

Europe Guide 2026 : Estonia


COBALT

Rankings

About

Provided by COBALT

COBALT Estonia has the largest team of transactional professionals among Estonian law firms, positioning us as a strategic partner in both complex cross-border transactions and day-to-day corporate matters. Our Corporate and M&A team stands out not only for its depth of expertise but also for its ability to specialize across a wide range of sectors, thanks to the size and strength of our practice. In addition to advising on traditional M&A transactions, our team is widely recognized for its market-leading expertise in venture capital investments. We act for the largest domestic VC funds, top-tier international investors, and many of the most dynamic and high-potential emerging companies in the region.

Recent work highlights:

  • Advised HANZA AB, a global knowledge-based manufactory company, on signing an agreement to acquire Leden Group, a billion SEK Finnish advanced mechanics manufacturing company. 
  • Advised the European Bank for Reconstruction and Development (EBRD), through its venture capital arm EBRD Venture Capital, on its venture capital investment in Miros, the Estonia-founded leading visual AI e-commerce search solution.
  • Advised Frankenburg Technologies on several fundraising transactions and other matters.
  • Advised on the establishment of Estonia’s €100 million Defence Fund, launched by SmartCap to accelerate the growth of next-generation dual-use and defence technologies.

Chambers Review

Provided by Chambers

Corporate/Commercial - Estonia

Band 1

Band 1


What the Team is Known For

COBALT is an esteemed law firm which is routinely retained by domestic and international clients operating in the financial services, advertising and agricultural industries to handle significant M&A on both the buy and sell sides. The team is highly skilled in advising on private equity and venture capital investments, often involving startup companies. Its lawyers are also notably active representing clients in trans-Baltic mandates.

Work Highlights

Provided by Chambers

  • COBALT advised C.D Holding Internationale on its acquisition of a 76.5% stake in Stebby.

Strengths

Provided by Chambers

  • COBALT provides commercial acumen on an international scale and the flexibility to know what really matters on a deal.

    Corporate/Commercial respondentEurope
  • The team at COBALT is very proactive and always keeps track of all details.

    Corporate/Commercial respondentEurope
  • COBALT was always able to translate our intentions and provided pragmatic suggestions in line with prevailing market standards.

    Corporate/Commercial respondentEurope
  • COBALT demonstrates excellent responsiveness, a collaborative attitude and high-level language skills.

    Corporate/Commercial respondentEurope
  • Their ability to provide high-quality advice across various areas of law, combined with their speed and responsiveness, clearly distinguishes them from others in the industry.

    Corporate/Commercial respondentEurope

Notable Practitioners

Provided by Chambers

  • Band 1Martin Simovart
    Band 1Martin Simovart

    Martin Simovart

    Martin Simovart is department co-head of COBALT and is regarded as a highly knowledgeable lawyer in M&A. His broad range of sector expertise includes energy and infrastructure.

    • Martin Simovart is a great lawyer with market-leading international experience.

      Corporate/Commercial respondentEurope
  • Band 1Peeter Kutman
    Band 1Peeter Kutman

    Peeter Kutman

    Market-leading practitioner Peeter Kutman works on larger transactions in the Estonian market, frequently representing investors. He is active across a range of industries, with a particular focus on energy.

    • Peeter Kutman is helpful, friendly and very easy to talk to.

      Corporate/Commercial respondentEurope

Ranked Individuals at COBALT (2)

Estonia

Members

Provided by COBALT

COBALT has rankings in the following guides

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