TGS Baltic represented Litcapital I in sale of shares in Brolis Semiconductors

09 / 17

TGS Baltic lawyers advised the venture capital fund Litcapital I in sale of 85 percent of shares in semiconductor laser company Brolis Semiconductors to Brolis Group.

TGS Baltic Partner Marius Matonis, Associate Partner Aurimas Pauliukevi─Źius and Associate Giedrius Svidras were advisors to Litcapital I in this process on transaction related legal issues. TGS Baltic lawyers also represented Litcapital I on investments related legal issues.

After the transaction, Brolis Group, shareholders of which are the company founders Dominykas, Augustinas and Kristijonas Vizbaras, also companies Šviesos konversija (Light Conversion), Eksmos investicija and Latvian company ARP Invest, became the sole shareholder of Brolis Semiconductors.

Litcapital I is a EUR 25 million development capital fund, established in 2010 together with the European Investment Fund according to JEREMIE initiative. Litcapital I invests into development of small and medium private enterprises in Lithuania.