Assisted in the sale of IT startup Helis to Tesonet

Our Corporate and M&A team consulted Helis LT, prominent startup in Lithuania, in the sale to Tesonet. Helis LT is a software development company building back-end products and providing B2B services for the gaming and e-sports industries. The buying side – Tesonet, is one of the most successful and tech-savvy companies in Lithuania which is involved in providing cybersecurity, machine learning, technical support, and business hosting solutions globally.

Motieka & Audzevičius corporate lawyers were involved in the process to the full extent and were responsible for drafting the transaction documentation, including the share purchase agreement. This deal demanded extensive and well-reasoned negotiations with the buying side and various legal instruments had to be implemented immediately in order for the parties to reach an agreement and successfully close the transaction.

The deal enabled our team to demonstrate business acumen of both – the seller and the buyer, resulting in the closing of the transaction within an extremely short period of time.

As a result of the deal, our client will be able to shift its focus on other ventures and Tesonet will align this acquisition to its rapid expansion.

While working with mergers and acquisitions our law firm helps our clients to navigate through every stage of a deal from due diligence and structuring, to negotiation, preparation of transactions documentation, competition clearance to post-transaction transition and post-merger integration. Our focus is our clients’ business and therefore we assist our clients in structuring their deals most advantageously aiming to meet both their business and legal objectives.