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22 New Articles

Lawin has advised the Israeli venture capital fund Entree Capital on a EUR 400,000 investment in the Lithuanian mobile payments company UAB WoraPay. The investment was made through Olerra Investments Limited, which is an affiliate company of Entree Capital and operates under the Entree Capital brand.

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Varul Lithuania has reported that Partner Marius Devyzis has been elected the Chairman of the Board of handball club VHC Sviesa Vilnius, which became the “Vice-Champion” of the Lithuanian Handball League 2013-2014.

Sorainen Lithuania has advised PKC on opening a manufacturing unit in Lithuania. PKC is a global leader in design, manufacture, and integration of electrical distribution systems, electronic and related architecture components for the commercial vehicle industry, among others. 

Varul’s M&A team advised on the sale of shares in the Cinamon Group of companies from GILD Arbitrage venture capital fund to DLT Capital, an Estonian company owned by Russians Tatjana Tolstaja and Vitaly Yakovlev.