TGS Baltic and SSW Solutions have advised CVI regarding the unitranche funding in the sum of EUR 5.2 million to Arsenal Industrial.
According to TGS Baltic, the funding is attracted for the further growth of Arsenal Industrial in the Baltic and Polish markets.
Founded in 2014 and based in Riga, Arsenal Industrial is a specialized construction and industrial machinery rental and trading company with branches in Estonia, Lithuania, and Poland. Arsenal Industrial is one of the Flycap AIFP portfolio companies.
CVI is a non-bank financing enterprise in Poland and CEE. “By becoming the primary debt investor of the company, we aim to help Arsenal Industrial to simplify its administrative processes, and further improve efficiency,” said CVI Managing Director Radoslav Tausinger.
The TGS Baltic team was led by Partner Inese Hazenfusa, supported by Associate Reinis Grunte.
The SSW Solutions team consisted of Partner Sebastian Ponikowski and Senior Associate Jakub Kozinski.