TGS Baltic has advised Koinvesticinis Fondas on its first investment, as a silent investor in UAB Gusania.
UAB Kofinansavimas, which controls KUB Koinvesticinis Fondas, is a subsidiary of Invega, and it was established in order to implement venture capital investment measures. KUB Koinvesticinis Fondas seeks to develop and contribute to the promotion of activities of new participants in the Lithuanian venture capital market, making capital more available to young and promising Lithuanian enterprises.
TGS Baltic drafted the transaction documents, advised in negotiations, and conducted the first transaction, which signifies a new phase in the activities of Koinvesticinis Fondas. The firm's team included Partner Dalia Tamasauskaite-Ziliene and Associate Andrius Voska.