Prominent investment by private equity fund

Motieka & Audzevičius corporate lawyers have successfully advised Orion Private Equity Fund I in the acquisition of a stake in well-known Lithuanian IT companies – Alna Business Solutions, Alna Software, and DocLogix.

The transaction required structuring of investment instruments and a joint venture with founders of the target, including reaching arrangements of the future governance of the group of companies. Our corporate lawyers represented the client in negotiations, drafting of documentation and supervision of the swift implementation of the transaction.

This investment is significant in the Lithuanian market as Orion Private Equity Fund I is an investment vehicle based solely on private investments, absent of financial aid from EU of the State. It shows that the market is already mature enough to accept such financial mechanisms which are more relatable in countries possessing long time private equity and venture capital traditions – United States, United Kingdom, etc.

Besides, this investment shows the recent trend that IT companies are more willing to accept financial assistance by private equity funds, than traditional lenders, such as banks. IT companies praised private equity investments as providing an opportunity not only to attract funding but also enabling approachability to experienced and qualified professionals in different fields.

Experience