- About Us
M&A and CorporateRegulatory & Competition
TGS Baltic advised Dutch factoring company Factris in acquiring Lithuanian invoice financing company UAB Debitum fori. The transaction resulted in the acquisition of 100% of shares in UAB Debitum fori operating under the trade name Debifo.
DEBIFO system enables clients to release the working capital frozen for invoices with long payment periods, which is particularly important for business development. This trade mark is considered to hold a 35% share of the alternative (non-banking) factoring market; therefore, this acquisition is a strategic step of Dutch company Factris towards a leading position in the European small and medium-sized businesses financing market.
The acquisition was financed by one of the largest fintech venture capital funds in Europe, Speedinvest, and investment company Optima Investments.
Thank you for joining our mailing list
Subscribe to our newsletter and get latest updates on legal news.