Fort Legal has advised Broadcast Solutions on its acquisition of 100% of the shares in Lithuania’s TVC Solutions from Practica Capital and four other unidentified shareholders.
Financial details were not disclosed.
Broadcast Solutions provides services in the broadcast, content creation, and media production areas. TVC Solutions is an independent radio and television system operator established in Lithuania in 1996. Practica Capital manages three venture capital funds with EUR 52 million in assets that are investing in early stage ventures and high growth SMEs in the Baltics.
Fort Legal’s team consisted of Partner Mindaugas Zolynas and Associate Vadimas Maksimenka.
Fort Legal did not respond to an inquiry about the deal.