TGS Baltic team represented UAB INVL Asset Management and funds managed by it regarding acquisition of shares in Lithuania SME Fund and BaltCap Latvia Venture Capital Fund from UAB SEB Venture Capital.
Services provided by TGS Baltic included preparation and approval of the framework share purchase agreement, also preparation of the new Lithuania SME Fund operational agreement and other documents in connection with its change, representing the fund and investors in the Register of Legal Entities, coordination of actions regarding the Latvian fund, etc.
TGS Baltic Partner Vidmantas Drizga and Senior Associate Mantas Gofmanas were advisors to UAB INVL Asset Management in this process on all related legal issues.
UAB INVL Asset Management is a licensed Lithuanian asset management company, which provides services of management of pension funds, investment funds, private equity and investment portfolios. The company manages 4 pension funds of the 2nd pillar and 4 pension funds of the 3rd pillar. On 30 June 2016, funds managed by UAB INVL Asset Management had most participants in Lithuania (over 6,200 participants) and the company held 46.73 percent of the funds market. Investment funds managed by UAB INVL Asset Management are offered in Lithuania, Scandinavian countries and Germany. Companies of this group manage pension and investment funds, alternative investments, individual portfolios, private equity and other financial instruments. Assets under their management are worth EUR 340 million, they belong to over 150,000 clients in Lithuania and Latvia and to international investors. Assets managed by the investment funds of the company amounted to EUR 41.2 million as on 27 June 2016.
