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TGS Baltic and Motieka & Audzevicius Advise on Brolis Group Buyout of Litcapital I Shares in Brolis Semiconductors

TGS Baltic and Motieka & Audzevicius Advise on Brolis Group Buyout of Litcapital I Shares in Brolis Semiconductors

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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.

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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