Ellex has advised the Draugiem Group on its EUR 1.14 million investment into Prime Prometics. Vilgerts and Storm Legal advised Prime Prometics on the deal.
According to Ellex, the Draugiem Group invested via Draugiem Capital, which “was founded with the aim of investing in other companies. The Draugiem Group comprises more than ten various companies, the largest of them being Latvia’s first unicorn, Printful, the fleet management platform Mapon, time accounting software DeskTime, and others.” The total turnover of the group of companies in 2021 exceeded EUR 300 million.
Prime Prometics is an e-commerce business selling make-up & skincare products aimed at women over 50.
The Ellex team in Lativa included Partner Filips Klavins, Senior Associate Anete Dimitrovska, Senior Tax Consultant Eduards Dzintars, and Associate Kristers Losans.
The Vilgerts team included Managing Partner Gints Vilgerts and Associate Elizabete Bartansone.
Storm Legal's team was led by Partner Raimonds Groza.
