TGS Baltic advised Light Conversion on the sale of 25% of shares to 7-Industries

23.07.2021 TGS Baltic advised Light Conversion on the sale of 25% of shares to 7-Industries

We advised the founders of Light Conversion, one of the world's leading manufacturers of femtosecond lasers, on the sale of 25% of shares to the Israeli based family office 7-Industries.

The world's leading producer of femtosecond lasers and optical-parametric amplifiers relied on TGS Baltic to implement changes in the shareholding structure: one of the co-founders was replaced by 7-Industries, a single-family office that has acquired 25% of Light Conversion shares.
 
The Israeli based family office 7-Industries, making direct investments in industrial and medical technology companies, acquired all the shares owned by Dr. Algirdas Juozapavičius, who was at the helm of Light Conversion from its establishment in 1994 and later served as an adviser to the management. Other shareholders also sold small parts of their holdings. 
 
Our collaboration with Light Conversion has been strong for over 20 years, and we are grateful for the trust in TGS Baltic!
 
The client was advised by partners Marius MatonisDr. Ieva Povilaitienė, senior associate Indrė Vickaitė-Liatukė, associates Paulius Dabulskis, Viktorija Minkevičiūtė and Indrė Mažeikaitė.