CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Kronbergs Cukste Levin has advised environment management group Eco Baltia on the sale of a controlling stake in the company to INVL Baltic Sea Growth Fund. Primus Derling reportedly advised the buyers on the deal, which remains subject to regulatory approval from the Lithuanian Competition Council.
Cobalt has advised Change Ventures on its investment in fintech startup askRobin.
Gessel has advised Systexan SARL, a fund managed by Enterprise Investors, on its exit from X-Trade Brokers Dom Maklerski S.A., including its conducting a public offer in the form of accelerated book-building worth PLN 111.2 million. Global coordinators were PKO BP and Ipopema Securities.
On April 30, 2020, CEE Legal Matters reported that Motieka & Audzevicius had advised the founders of Lithuania's In Balance Grid on the investment of EUR 950,000 into the company by Koinvesticinis Fondas, Contrarian Ventures, and several angel investors. We spoke with Simonas Stankus, Co-Founder & CEO of In Balance Grid, to learn more about the investment round.
Croatia's Tus & Andrijanic law firm, acting with New York's Wuersch & Gering, has advised Budapest-based Lead Ventures Plc. on it EUR 3 million acquisition of an unspecified stake in insurtech start-up Amodo d.o.o.
Weinhold Legal has advised technology security start-up Resistant AI on its recent venture financing round. The co-lead investors are Credo Ventures and Index Ventures, with Seedcamp and other angel investors contributing as well.
Motieka & Audzevicius has advised the founders of Lithuania's In Balance Grid on EUR 950,000 invested into the company by Koinvesticinis Fondas, Contrarian Ventures, and several angel investors, all of which were advised by TGS Baltic.
