On April 13, 2021, CEE Legal Matters reported that the Vilnius office of Walless had advised the founders of the Alwark Group on the sale of 66% of their shares in the company to the KJK Fund III. CEE In-House Matters spoke with Gediminas Simkus, Member of the Board of the Alwark Group, to learn more about the sale.
Deal 5: Evernord CFO and Board Member Arnas Vedeckis on Acquisition of Novira Plaza in Riga
On April 22, 2021, CEE Legal Matters reported that TGS Baltic had advised the Evernord Real Estate Fund III, managed by Vilnius-based investment firm Evernord Asset Management, on its acquisition of a 65% stake in Riga's Novira Plaza business center. CEE In-House Matters spoke with Arnas Vedeckis, CFO and Member of the Board at Evernord, to learn more about the deal.
Deal 5: Practica Capital Co-Founding Partner Donatas Keras on Investment in Biomatter Designs
On January 18, 2021, CEE Legal Matters reported that Cobalt had advised Practica Capital on its investment in Lithuanian start-up Biomatter Designs – part of the latter's EUR 500,000 investment round. CEEIHM spoke with Donatas Keras, Co-Founding Partner at Practica Capital to learn more about the matter.
Deal 5: Turing College Co-founder & CBDO Benas Sidlauskas on Participating in Silicon Valley Accelerator Y Combinator
On March 26, 2021, CEE Legal Matters reported that Motieka & Audzevicius, working with Orrick, Herrington & Sutcliffe, had advised Lithuanian start-up Turing College on its relocation to the United States in order to participate in Silicon Valley accelerator Y Combinator. CEE In-House Matters spoke with Benas Sidlauskas, Co-founder & CBDO at Turing College, to learn more about the matter.
Deal 5: ConHostinger Partner Thomas Strohe on Acquisition of 31% Stake in Hostinger
On April 7, 2021, CEE Legal Matters reported that Sorainen had advised private equity company ConHostinger on the acquisition of an approximately 31% stake in Hostinger, a company providing web hosting, VPS, Internet domain registration, website building software, and e-mail services. CEEIHM spoke with Thomas Strohe, Partner at ConHostinger, to learn more about the matter.
Deal 5: AGACAD Managing Director Donatas Aksomitas on Sale to France’s Arkance
On February 25, 2021, CEE Legal Matters reported that Cobalt had advised the shareholders of AGACAD, a Vilnius-based developer of building information modeling software, on the sale of 100% of their shares to France’s Arkance. CEE In-House Matters spoke with Donatas Aksomitas, Managing Director at AGACAD, to learn more about the sale.
Deal 5: Open Circle Capital Partner William Cardwell on Investment in Monimoto
On January 28, 2021, CEE Legal Matters reported that Sorainen has advised Open Circle Capital on its investment in Monimoto, a company developing smart trackers for motorcycles. CEEIHM spoke with William Cardwell, Partner at Open Circle Capital, to learn more about the matter.
Deal 5: Managing Partner & Founder at Evli Growth Partners Riku Asikainen on CGTrader's USD 9.5 Million Series B Funding Round
On March 4, 2021, CEE Legal Matters reported that Walless had advised Evli Growth Partners as one of the investors in the USD 9.5 million Series B funding round of 3D model trading platform CGTrader. CEEIHM spoke with Riku Asikainen, Managing Partner & Founder at Evli Growth Partners, to learn more about the deal.
Deal 5: Paymont CEO Stefan Koscelnik on Securing an Electronic Money Institution License in Lithuania
On February 1, 2021, CEE Legal Matters reported that Adon Legal had helped Paymont obtain an Electronic Money Institution license from the Bank of Lithuania. CEEIHM spoke with Stefan Koscelnik, CEO at Paymont, to learn more about the matter.
Deal 5: Monimoto Co-Founder Andrius Bruno Rimkunas on Capital Raise
On January 28, 2021, CEE Legal Matters reported that Sorainen had advised Open Circle Capital on its investment in Monimoto, a company developing smart trackers for motorcycles. CEEIHM spoke with Andrius Bruno Rimkunas, Co-founder and Business Developer at Monimoto, to learn more.
Deal 5: Termolink Director Valdas Garmus on Dispute with General Contractor
On October 28, 2020, CEE Legal Matters reported that Triniti Jurex had successfully helped Termolink obtain damages from a general contractor for work the company performed on an unspecified project. CEEIHM spoke with Valdas Garmus, Director at the Termolink, to learn more about the dispute.
Deal 5: Nerijus Drobavicius, Partner at INVL Baltic Sea Growth Fund, on Acquisition of Stake in MBL
On September 8, 2020, CEE Legal Matters reported that the Lithuanian office of Cobalt had advised INVL Baltic Sea Growth Fund on its acquisition of a 48% stake in MBL from Accession Mezzanine Capital III and the Lauritsen family. CEEIHM spoke with Nerijus Drobavixius, Partner at INVL Baltic Sea Growth Fund, to learn more about the deal.
SIG Brings on Lina Zolyne as GC in Lithuania
Lina Zolyne has joined the Sun Investment Group in Lithuania as Group General Counsel.
Deal 5: Valdas Merzvinskas, General Manager at the Restaurant Group Fortas, on Insurance Dispute
On October 12, 2020, CEE Legal Matters reported that Triniti Jurex had advised Restaurant Group Fortas in a dispute with an unnamed insurance company. CEEIHM spoke with Valdas Merzvinskas, General Manager at the Restaurant Group Fortas, to learn more about this matter.
Deal 5: Kedainiai FEZ Member of the Board Giedrius Valuckas on Agreement with Kormotech
On July 24, 2020, CEE Legal Matters reported that Cobalt had helped Lithuania's UAB Kedainiai Free Economic Zone draft establishment and operation agreements for Kormotech. CEEIHM spoke with Giedrius Valuckas, Member of the Board at Kedainiai FEZ, to learn more about the agreement.
The In-House Buzz: Rytis Valunas of Klaipedos Nafta
“The energy sector has been highly affected in the past few months, as global demand went down tremendously, which has a significant impact on the whole value chain," says Rytis Valunas, GC for oil and LNG terminals operator Klaipedos Nafta. "Many companies, especially from the oil industry, caught themselves in a situation they never dealt with previously." And, he says, "with the pandemic evolving further, the business environment is not likely going to improve soon.”
Deal 5: Turing College Co-Founder Benas Sidlauskas on EUR 1.2 Million Investment Round
On September 2, 2020, CEE Legal Matters reported that Motieka & Audzevicius had advised Turing College as the recipient of a EUR 1.2 million investment from Startup Wise Guys and the Motieka Investment Fund. CEEIHM spoke with Co-founder & CBDO of Turing College, Benas Sidlauskas, to learn more about the deal.
Deal 5: Telecentras GC Aida Raziulyte on Mezon Sale
On May 28, 2020, CEE Legal Matters reported that Cobalt had advised Lithuania's AB Lietuvos Radijo ir Televizijos Centras - Telecentras on the sale of its data transmission and digital television business developed under the Mezon brand to the Bite Group. We spoke Aida Raziulyte, General Counsel of Telecentras, to learn more about the deal.