SPC Legal has assisted Modus Group in changing its holding structure by making 19 intra-group transfers to change the subordination system of different businesses.
According to SPC Legal, "Modus Group involves plenty of companies (including Krasta Auto, Prime Auto, Autobrava, Unipark, CityBee, etc.), together generating revenue of approximately EUR 220 million and holding assets (property) exceeding EUR 125 million in value.
SPC Legal reports that 13 of the sales have been already completed, with the remaining six to be completed within the next two months. The firm's services included drafting the relevant documents, coordinating the signing process, and registering changes in public registers.
The SPC Legal team consisted of Partner Mindaugas Rimkus and Senior Associate Dovidas Vainorius.