MBO of Brolis semiconductors with assistance of strategic investors

Motieka & Audzevičius has advised the management and group of investors regarding buy-out of shares of UAB Brolis semiconductors, a company developing advanced diode laser and sensor technologies, from Litcapital I.

Group of investors consisted from leading laser manufacturers Šviesos konversija, Eksma and several financial investors.

The investment will support further growth of Brolis semiconductors and help to expand its laboratory, a project that is partially co-financed by EU grant.

Investments in laboratory are required to further develop laser diode technology and begin assembly of laser diode modules. This will expand application areas of company’s products and will make its offer more attractive to company’s customers.

Lithuania’s laser technology producers, especially company’s participating in this investment collaboration, are considered world-wide leaders of the laser technology market. With great support from the state and the President of the Republic of Lithuania herself, such investments are expected to trigger more significant recognition of Lithuanian laser technology producers and their products, in such way strengthening the leadership in this market and further development.

The buy-out included acquisition of securities in Brolis semiconductors from initial investor Litcapital I, a growth capital fund established in cooperation with European Investment Fund under the JEREMIE initiative, which shall remain as a shareholder of Brolis semiconductors.

Our firm advised on the overall structure of the buy-out participating in all stages, providing any necessary legal assistance and support in negotiations. The team drafted the acquisition agreement together with all related documentation, also advised and prepared documents related to the corporate structure and joint governance of Brolis semiconductors.

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