Advised Tesonet and Invalda on acquisition of leading private school and kindergartens in Lithuania

Technology group Tesonet and private equity fund INVL Private Equity Fund II, acting through their joint venture Kurianti Karta, signed an agreement to acquire Šiaurės Licėjus group of schools and kindergartens.

Our corporate law team represented the buyer from the very first stages of the deal. This involved negotiating the key terms of the transaction, preparing and finalising the necessary legal documentation, and actively participating in negotiations. A comprehensive legal due diligence was carried out during the transaction. The team also prepared and submitted the required documents and represented the client in the process of applying to the Competition Council of the Republic of Lithuania for merger clearance.

The team managed to sign this major deal within a relatively short timeframe, having first resolved a considerable number of issues relating to the entities being acquired.

This transaction is part of a broader strategy shared by Tesonet and the INVL fund. Both organisations are committed to building a top-quality education ecosystem in Lithuania by investing in the long-term development of the education sector. Where Lithuania struggles to compete on scale with global players, we can rise to the challenge through expertise and stubbornness. This is one of the reasons behind the decision to invest in education and to help nurture future professionals who will be ready to compete and succeed in global markets.

As Tesonet Head of Investments Eglė Eidimtaitė points out, this transaction is far more than a typical business investment. According to her, it reflects a commitment to contributing to an environment and opportunities that will foster free, creative and courageous young people, while helping to improve and grow the quality and accessibility of education.

The transaction will be completed once clearance is obtained from the Competition Council of the Republic of Lithuania.

This project reflects our team’s expertise in complex M&A transactions, encompassing not only the alignment of commercial and legal terms, but also the specific regulatory environment characteristic of the education sector.

We are proud to have contributed to such a meaningful and relevant investment project.