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COBALT advised UAB Future Retail on attracting financing from a venture capital investor

2013-10-01

COBALT advised UAB Future retail, a company developing e-commerce platform InsideWarehouse.com, and its controlling shareholders in the deal involving investment of EUR 231,700 by venture capital investor UAB BIP group into the company.

The investor acquired a block of convertible debentures and in the future will be able, at its option, either to gain return on investment or to become a shareholder of UAB Future retail.

The work of the firm’s lawyers included drafting of transaction documents (investment agreement, shareholders agreement, convertible debenture subscription agreement, option agreements etc.), advising on all transaction related matters and full assistance during negotiations. The team was led by Partner Elijus Burgis and Associate Mindaugas Rimkus.

Following completion of the investment, the firm’s lawyers continue to work with UAB Future retail to assist the company with implementing various actions related to the investment by UAB BIP group.