Glimstedt has assisted an unnamed private investor and the KUB Business Angels Fund II, managed by UAB Business Angels Fund Management UAB, on their agreement to invest approximately EUR 1 million into optical coating company UAB Optonas. Legitus reportedly advised Optonas on the deal.
Sorainen has helped DappRadar, a Lithuanian platform for discovering and analyzing blockchain-based decentralized applications, raise USD 2.33 million in seed funding from Naspers (through its Naspers Ventures division), Blockchain.com Ventures, and Angel Invest Berlin. TGS Baltic advised Naspers on the investment.
TGS Baltic has advised KS Investicija on the sale of 45% of newly-issued shares in UAB VK Investicija to Swiss investor Marquess Global AG. VK Investicija is a holding company of AB Sparta, a former textile manufacturing company KS Investicija acquired in 2018. Sorainen advised Marquees Global on the deal.
Walless provided Lithuanian counsel and Israel's Barnea Jaffa Lande & Co. was lead counsel to BLender P2P Israel Ltd on its generation of a total of USD 22 million in debt financing from Eiffel Investment Group SAS and equity investment by Asia Plus Group Holdings PCL, Blumberg Capital, and the Aviv Group. Glimstedt advised Eiffel on the debt financing.