Advising TBD-Biodiscovery on involving a Dutch investor from SEAL Investments B.V.

14.05.2019 Advising TBD-Biodiscovery on involving a Dutch investor from SEAL Investments B.V.

TGS Baltic's team, led by partner Leonid Tolstov, advised the leading Estonian biotechnology company TBD-Biodiscovery and its sole shareholder on involving a Dutch investor from SEAL Investments B.V., who acquired 30% of the company's shares and will be investing a total of EUR 4.5 million in the company in the next few years. This is one of the largest foreign investments in an Estonian biotechnology company.

TBD-Biodiscovery aims, with the new partners, to occupy a significant position in the European market for veterinary active ingredients. An example is the active ingredient in a drug used to ensure the comfort of pets while travelling. The annual worldwide market volume of this drug is 100-200 kilograms. According to TBD-Biodiscovery, the company is the market leader in the generic sector of this active substance, holding 90 percent of the global market.

TBD-Biodiscovery is an innovative Estonian company, founded in 2006 by private capital and contributing to modern healthcare and biotech industry. TBD-Biodiscovery has a wide network of partners worldwide (EU, Switzerland, Israel, US, Russia, South Korea and Japan) and has set up regular production of bioluminescence agents and active pharmaceutical ingredients for both human healthcare and veterinary medicines. https://biodiscovery.eu

On the same topic

Biodiscovery press release: Tartu biotechnology company receives a 4.5 million Euro investment
Invest in Estonia: TBD-Biodiscovery to receive one of the biggest investments in the Estonian biotechnology sector
The Baltic Course: Dutch company to invest EUR 4.5 mln in Tartu-based pharmaceutical company
Äripäev: 4.5 MEUR is injected in Tartu-based biotechnology company (in Estonian)
IT Uudised: Tartu-based technology involved 4.5 MEUR (in Estonian)
Meditsiiniuudised: 4.5 MEUR is injected in Tartu-based biotechnology company (in Estonian)

Lawyers

Leonid Tolstov
Andres Kalm