OUR EXPERIENCE
Built on complex, often cross-border legal, financial, and tax cases, we structure investments and transactions, manage risk, protect wealth, and deliver solutions.
OUR INVESTMENT PORTFOLIO INCLUDES
Legal and Governance Structuring for Project Tech Lilium
At FO Consulting group, we’re delighted to commit to sustainability by working with environmentally responsible projects such as Tech Zity Lilium. This initiative involves revitalizing the Lithuanian clothing factory Lelija, transforming it into Europe’s premier technology hub. We supported this project in structuring one of Europe’s largest startup hubs following its integration into Tech Lilium, a newly established investment fund. We also designed a compliant legal and governance framework, aligning corporate documents, internal procedures, and decision-making protocols with fund rules and regulatory requirements. Our work ensured fully compliant, scalable operations, enabling the project to grow as a leading innovation hub.
NFQ Technologies International Growth
Our team of experts supported NFQ Technologies, a leading provider of business-critical technology solutions, in expanding into Canada, marking the company’s 10th international market after recent expansions into Saudi Arabia and Denmark. We advised on corporate and governance structuring, drafted shareholder agreements with a local partner, and ensured full compliance with both federal and provincial regulations, including Québec’s civil law system. Our guidance helped NFQ establish a solid legal and operational foundation, enabling the company to expand confidently while aligning with its strategic growth objectives. Read more here.
Astrolight’s Successful Funding Round
Not every day do you help build the internet of space. In 2024, FO Consulting Group guided Astrolight, a leader in secure telecommunications for aerospace, defense, and government applications, through a €2.8 million seed round. We facilitated the Investment and Shareholder Agreement, covering direct investments, a former shareholder buyout, and convertible loans. The round attracted investors including EIFO (The Export and Investment Fund of Denmark), Coinvest Capital, and returning investors 3NGLS and Rita Sakus. This funding strengthens Astrolight’s position and accelerates their mission to deliver high-speed, secure communications between space and Earth.
Supporting ERA Capital in a Strategic Cross-Border Exit
When ERA Capital decided to sell UAB UCS Baltic and SIA UCS to Hawk Infinity AS, a Norwegian stock-exchange listed group, we ensured the transaction was smooth, timely, and strategically aligned. From deal structuring to negotiating the Share Purchase Agreement, we secured terms that protected the client’s commercial interests while minimizing legal risk. A phased settlement mechanism – covering advance payments, share transfer, and post-closing consideration – kept the process clear and controlled, resulting in a successful cross-border exit.
Heavy Finance Green Loans to Farmers
Investing in sustainability is the future, but it needs strong financial backing. In 2024, we worked with a €2.5 million investor to finance Heavy Finance’s Green Loans to Farmers, ensuring it could scale and attract larger funding. This innovative product supports sustainable agriculture by providing farmers with access to capital for eco-friendly projects while offering investors attractive green investment opportunities. Our role was to conduct a comprehensive audit to refine processes, improve transparency, and support the product’s position in the market. As part of this effort, we drafted a specialized auto-investment agreement for green loans, enabling automatic fund allocation based on predefined commercial and risk criteria. We also worked closely with Heavy Finance to map the entire investment process, ensuring a seamless and scalable framework for future growth.
PVcase Series B Investment
FO Consulting was instrumental in achieving the impressive milestone of securing $100 million in Series B funding for PVcase. Our collaboration with key investors such as Highland Europe, Energize Ventures, and Elephant VC, as well as external partners like Gunderson, KPMG, and Sorainen, emphasized the significance of disruptive technology solutions in the solar industry. This accomplishment not only fueled PVcase’s growth but also served as a testament to the power of collaboration between innovative companies and strategic partners in achieving remarkable milestones.
PVcase Anderson Optimization Acquisition
FO Consulting group, with Daina Senapediene as the M&A project manager, played a pivotal role in facilitating the acquisition of Anderson Optimization (the leading GIS platform for renewable energy for PVcase (a solar energy software company). This acquisition demonstrates successful M&A in the renewable energy sector, strengthening PVcase’s market position and enhancing its offerings. It serves as a model for strategic M&A in a dynamic industry.
Techzity Project Lillium Bonds Issue
FO Consulting took a central role in orchestrating a significant bond insurance of 8 million euros for this groundbreaking real estate project. This resulted in a second strategic financial move to secure funds for this remarkable venture, supported by FO Consulting’s expertise.
Investment in Vilnius-Based Startup Walk15
At our group, we love supporting projects that are fueled by passion and a clear goal. Even though Walk 15, a rapidly growing startup in Lithuania, carefully chooses who they partner with for investment, we’re proud to be recognized as angel investors in their latest funding round. For us, it’s not only about the project’s concept but also about the people driving it forward. That’s why we’re confident in Vlada and her team – they’ve shown incredible motivation and belief, and we believe they’ll succeed even more in the future!
European Market Entry and Tax Structuring for Super Plants
We advised US-based Eat SuperPlants on establishing and scaling its European operations through a Lithuanian subsidiary. Our support covered the full scope of Lithuanian and EU tax compliance, including strategic VAT planning and registrations under the OSS and IOSS regimes. We also advised on customs structuring and EORI registration to facilitate cross-border trade within the EU. In parallel, we ensured alignment with EU consumer protection requirements and GDPR obligations, creating a compliant and operationally efficient framework. This engagement delivered a robust, scalable structure designed to support Eat SuperPlants’ long-term growth across European markets.
A Strategic Joint Venture
Bringing two companies together for a successful partnership requires careful planning. We guided a Lithuanian electric vehicle manufacturer and an Italian technology company in structuring their joint venture. Our role was to ensure a strong foundation for their €1 million collaboration in electric mobility. Our involvement focused on identifying the optimal contract structure, ensuring alignment between both parties, and protecting their strategic interests. The collaboration was set to combine the strengths of both companies to develop an innovative electric mobility platform. This project required careful negotiation, regulatory compliance, and comprehensive legal documentation to establish a solid foundation for long-term success in the sustainable transportation sector.
Real Estate Project
The FO Consulting group team supported our client’s investment in a 2150-square-meter commercial building project in Klaipėda. This property is currently leased by one of Lithuania’s largest supermarkets. Throughout the project, our team facilitated the acquisition of shares in the construction company, collaborated with the project partner, drafted a comprehensive shareholders’ agreement, and actively participated in negotiations with the bank to secure financing.
Capssion Acquisition
Our legal team participated in a critical business acquisition, guiding negotiations and preparing essential legal documentation. The client successfully acquired an influencer marketing platform for eCommerce brands Capssion, a Hong Kong-based company, along with securing associated intellectual property rights. Our support included crafting necessary documents such as principal deal agreement, shares sale–purchase agreement, marketing services provision agreements, non-competition agreements, and license agreement, and ensuring a smooth ownership transition. Leveraging our expertise in business acquisitions and intellectual property, we protected the client’s interests, contributing to the successful conclusion of the deal and positioning them for growth in the competitive eCommerce landscape.
Alconost Relocation
We assisted our client, Alconost, in the strategic relocation of a segment of their business operations to Lithuania. Our services extended beyond mere relocation; we actively facilitated the establishment of a new company, addressing complex migration issues and providing comprehensive support with accounting. This all-around approach reflects our commitment to ensuring the success of our clients in their strategic business goals.
Guiding a Renewable Energy CEO to the UK
A leading entrepreneur and CEO of a renewable energy software company and their family were ready for a new chapter in the United Kingdom. We assisted them through every step of their relocation from Lithuania, ensuring a smooth and stress-free transition. Our role covered the full scope of the relocation process – from initial strategic planning to final execution. We managed all necessary documentation to facilitate both financial and personal transitions, ensuring a seamless move. Additionally, we coordinated with UK-based consultants to address migration-related matters and tailored solutions to fit the client’s specific needs. This project spotlights our expertise in cross-border relocation, tax structuring, and high-net-worth individual advisory. Through careful planning and coordination, we helped the client settle into their new home while securing a strong financial and legal foundation for the future.
The Accounting System for a Newly Licensed Bank
Austėja Puzyna, our CEO and Co-Founder, configured the accounting system for a newly licensed bank, showcasing our expertise in the implementation of financial systems. Her involvement expanded outside traditional setup tasks. Strict testing procedures were executed to ensure the system’s reliability and compliance with regulatory standards. Through this approach, she not only configured a robust accounting system but also provided a detailed blueprint of operational processes.
Establishment of a Unit Accounting System for Funds
In collaboration with the dedicated IT team, we developed a unit accounting system for funds for one of our clients. Our services contained every stage of the project, from the initial planning to strict system testing. With a detailed end-to-end project management approach, we ensured the seamless integration of the new system into our client’s operations. This collaborative effort shows our aim to deliver innovative solutions and support our clients in achieving their strategic objectives in the dynamic landscape of financial technology.
Profitus Investment Round
The successful partnership between Profitus and FO Consulting group resulted in an investment round exceeding 0.5 million euros. FO Consulting group’s financial expertise played a pivotal role in negotiations, securing favorable terms for both investors and Profitus. Our innovative approach, including the establishment of a Special Purpose Vehicle (SPV) for smaller investors, streamlined the investment process. Through careful legal preparation and strategic project management, FO Consulting group built trust among all parties involved. This partnership demonstrates the strength of investment leadership expertise and culminated in exceptional results for Profitus.
Cross-Border Liquidation and Financial Restructuring
An Estonian company with a Lithuanian parent company was preparing for a carefully planned corporate exit. We advised on the financial structuring of an optimal liquidation strategy, beginning with a targeted analysis of the company’s debt, equity, and asset profile. Based on this assessment, we structured the process to enable a legal set-off through the transfer of selected third-party loans and advised on the pre-liquidation sale of investment financial instruments to the shareholder. We further optimised the exit structure to mitigate distribution tax exposure. This approach ensured full legal compliance, tax efficiency, and a smooth, strategically aligned liquidation process, highlighting our expertise in cross-border structuring and complex corporate exits.
Cross-Border Family & Tax Residency in Cyprus
We advised two high-net-worth Lithuanian families, co-owners of a transport and logistics group and a shared real estate portfolio, on the cross-border restructuring of their business and personal affairs through Cyprus. Our work included selecting Cyprus as the holding jurisdiction, implementing a tax-neutral transfer of Lithuanian operating companies into a Cypriot structure, and ensuring business continuity and regulatory compliance. Additionally, we managed the families’ tax residency relocation from Lithuania to Cyprus, covering exit planning, tax and legal filings, and establishment in Cyprus. Support included corporate setup, banking, tax and social insurance registrations, and coordination of all procedural requirements, resulting in a smooth, compliant, and tax-efficient transition.
