We advised venture capital firm Global PayTech Ventures on investing in the Lithuanian payment startup kevin. In the Series A funding round to bring account-to-account payments to existing POS payment terminals, the company raised USD 65 million. This is one of the largest A-round investments in a Lithuanian startup. This is the second time when […]
We advised Šiaulių bankas on the establishment of the EUR 275 million SB Modernisation Fund and signing agreements with the European Investment Bank, the Council of Europe Development Bank, INVL Asset Management, Swedbank and Nordic Investment Bank (NIB) on the financing and management of the fund. The fund administered by Šiaulių Bankas will consist not […]
We are advising the world’s leading bicycle company, Pon.Bike, on the construction and opening of a new factory in Kėdainiai, Lithuania. The new factory will be able to scale up to an annual production capacity of 600,000 bikes and will be equipped to produce bikes for brands such as Gazelle, Kalkhoff, FOCUS and Urban Arrow. […]
We advised global e-commerce search technology company Nosto on acquiring 100% of shares in Lithuanian e-commerce startup SearchNode. According to Nosto, the strategic acquisition of SearchNode’s award-winning search technology will allow its clients to implement site-wide personalisation, merchandising, segmentation and testing strategies natively to optimise the entire shopping journey. SearchNode has created a search engine […]
We represented Invalda INVL asset management group in signing an agreement with the European Bank for Reconstruction and Development (EBRD) to acquire part of its current stake in Šiaulių Bankas. Tesonet technology group and ME Investicija, a holding company that owns Girteka Logistics, have also signed independent stake acquisition agreements with the EBRD. The agreements […]