COBALT advised on the sale of UAB TVC Solutions shares to the Broadcast Solutions Group

2020 - 10 - 27

COBALT advised the shareholders, including Practica Capital, a leading venture capital fund management company in Lithuania and the Baltic States, on the sale of 100% shares of a Lithuanian company UAB TVC Solutions (TVC) to the Broadcast Solutions Group, one of the largest system integrators in Europe. With this acquisition, TVC has become a wholly-owned subsidiary of the Broadcast Solutions Group.

TVC is one of the fastest growing independent systems integrators in Europe, with clients mostly from across Europe and occasionally from Africa, the Middle East and Asia. Among regular projects are systems design, equipment supply and integration of television and radio studios, master control rooms, playout systems, news rooms and archives.

The Broadcast Solutions Group is one of the largest system integrators in Europe. Founded in Germany more than 15 years ago, with subsidiaries in Europe, Asia and the Middle East, the company implement projects around the globe.

Broadcast Solutions Group is now strengthening its presence with the takeover of TVC, thus being able to offer an even more extensive array of solutions as well as further reinforcing service and support. Although fully integrated into the Broadcast Solutions Group, TVC Solutions UAB will act as an independent entity and under its given name.

COBALT drafted transaction documents, assisted the shareholders of TVC in negotiations, and advised on all aspects of the transaction. The team consisted of Partner and Co-Head of Banking and Finance team Akvilė Bosaitė, and Senior Associate Julija Aleška.

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