Major Assignments - Private Equity

Triniti represented Eddy Travels, a Lithuanian startup developing an artificial-intelligence-based digital travel planning assistant

Eddy Travels, a travel tech startup founded by Lithuanians and based in Toronto, has raised €1.1 million in a pre-seed funding round, led by Baltic VC Practica Capital with participation from Lithuanian firm Open Circle Capital, Techstars Toronto, and angel investors.

Founded in 2018, the company has developed an AI travel assistant, which communicates with users via chat apps such as Facebook Messenger, WhatsApp, and Telegram. Pulling from Skyscanner, the digital assistant can search flights, accommodation, restaurants, and travel insurance.

For now the funding will go to immediate product development work that is adapting the app for travelers during the COVID-19 pandemic. Once the disease is contained and travel restrictions lifted, the startup will shift focus and expand into new markets.

Triniti advised Groa Real Estate Fund I on the acquisition of the Rimi Hypermarket shopping centre in Vilnius

Groa Real Estate Fund I, a fund managed by Groa Capital, completed an acquisition of a 3.800 sq.m. shopping centre Rimi Hypermarket in Vilnius on April 1, 2020. It’s the sixth investment of the Groa Real Estate Fund I already since the start of the Fund’s investment period in July 2018. Portfolio of Groa Real Estate Fund I amounts to a total gross value of over 27 m EUR after the latest acquisition. Groa Capital is a licensed fund manager supervised by Lietuvos bankas, a central bank of Lithuania.

We advised purchase of office building in the centre of Tallinn

We advised Estonian real estate developer Helicom OÜ in acquiring an office building located in the centre of Tallinn from Seesam Insurance AS. As a result of the sale-and-lease-back transaction the fifth largest insurance company in Estonia will continue using the building. The assignment of TRINITI team included negotiation of the terms of the purchase and lease agreements and closing of the transaction

Acquisition of major travel company

TRINITI transactions team advised the transfer of one of Estonia’s largest travel Agencies GoAdventure OÜ to Lithuanian listed company AB Avia Solutions Group, total value of the transaction ca 2.611 million Euros. By closing the transaction, AB Avia Solutions Group acquired 100% of the shares of GoAdventure. The buyer aims to merge GoAdventure with its group company Kidy Tour and continue to provide travel services in Estonia

Advice to promising Lithuanian start-up company

TRINITI lawyers advised TableAir in gaining an investment from Practica Seed Capital. TableAir, UAB – a promising Lithuanian start-up company which specializes in creation and producing of ergonomic products such as smart standing tables, consumer electronics and also cloud technologies. Read more

Another successful investment in to a perspective start-up

TRINITI lawyers advised ProMotu in gaining an investment from Practica Seed Capital. Pro motu, UAB – is a perspective start-up company which specializes in creation, manufacturing and trading of new electronic bicycles and their components. Read more

Our team of professionals gave a helping hand in several negotiations for more favorable conditions of the investment and convertible bonds agreement. TRINITI also consulted the client about finalizing shareholders’ agreement