Orion Private Debt Fund I closes its first private bond issue investment in Germany

Our Corporate and M&A team in cooperation with local legal advisors Osborne Clarke advised a Lithuanian-based private debt fund in the acquisition of private bonds issued by a company engaged in a real estate development project in Munich, Germany.

Motieka & Audzevičius actively assisted the client with the review and incorporation of pro-bondholders’ amendments to the bonds issue, security, trustee and other relevant documentation, as well as participating in negotiations and coordination with Osborne Clarke for implementation of all requirements under the German law.

Once again Motieka & Audzevičius was engaged by its clients to overlook, coordinate and actively participate in a cross-border transaction under foreign jurisdiction, showing the trust in our team as not only local law advisors.

This transaction is one of the biggest in the history of the fund. As the fund manager Benas Poderis stated “To our knowledge, this is the biggest Lithuanian private debt fund transaction in the history of Lithuania and probably the first time when Lithuanian fund has a direct investment in Germany”.