Cobalt has advised Practica Capital on its investment in a wellness and rehabilitation center in Druskininkai operated by UAB Upa MCT. Walless advised UAB Upa MCT.
Practica Capital is an early-stage venture capital investor dedicated to backing Baltic founders.
UAB Upa MCT operates the wellness, SPA, and rehabilitation center UPA Medical SPA, which is equipped with 90 rooms, a swimming pool, a sauna area, rooms for massages, body and face care, and therapeutic treatments, a conference hall, a restaurant, and other infrastructure.
Cobalt’s team included Partner Akvile Bosaite.
Walless’ team included Partner Povilas Zukauskas, Senior Associates Liucija Bitinaite, Alma Marcinkute, and Mantas Lideika, and Junior Associate Ieva Pikaite.