TGS Baltic has advised venture capital fund Litcapital I on the buyout of 85 percent of shares in semiconductor laser company Brolis Semiconductors by the Brolis Group. Motieka & Audzevicius advised the buyers on the deal.
As a result of the transaction, the shareholders of the Brolis Group — company founders Dominykas, Augustinas, and Kristijonas Vizbaras, along with the Sviesos Konversija, Eksmos Investicija, and Latvia's ARP Invest — became the sole shareholders of Brolis Semiconductors.
Litcapital I is a EUR 25 million development capital fund that was established in 2010 together with the European Investment Fund under the JEREMIE initiative. The fund invests in the development of small and medium private enterprises in Lithuania.
The TGS Baltic team consisted of Partner Marius Matonis, Associate Partner Aurimas Pauliukevicius, and Associate Giedrius Svidras.
The Motieka & Audzevicius team consisted of Partner Giedrius Kolesnikovas, Associate Rokas Jankus, and Legal Assistant Laurynas Ramonas.
