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TGS Baltic advised the shareholders of Kilo Health in the sale of minor part of company shares to Scandinavian and Estonian funds

09.08.2022 TGS Baltic advised the shareholders of Kilo Health in the sale of minor part of company shares to Scandinavian and Estonian funds

TGS Baltic M&A team consisting of Marius Matonis and Rūta Tikuišytė advised two shareholders of Kilo Health (UAB “Kilo grupė“), one of the leading digital health and wellness companies, in selling minor part of their shares to Scandinavian and Estonian funds.

Since June, the Danish fund “Nordic Secondary Fund II” and the Finnish fund “First Fellow” have become the shareholders of Kilo Grupė. Estonian funds “Usaldusfond Specialist VC Primary and Secondary Fund II”, “Metaplanet Holdings” and “Biofuel” become the shareholders of the group in May. 

A small part of the company’s shares was sold to mentioned funds; after the transaction, there will be no changes in the company’s management.

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