Investment in Baltic Bicycle Trade

01.08.2013 Investment in Baltic Bicycle Trade

TGS Baltic acted as legal advisor to the private equity fund LitCapital I and a private co-investor on their investment into UAB Baltic Bicycle Trade. Following the investment, UAB Baltic Bicycle Trade will work in cooperation with the only bicycle producer in the Baltics, UAB Baltik Vairas, to develop and produce proprietary electric bicycles.

LitCapital I fund was established under the JEREMIE initiative in cooperation with the European Investment Fund and is aimed at investing in the expansion of private Lithuanian companies.