OREANDA-NEWS. April 10, 2013. SORAINEN Lithuania advised LitCapital, a Lithuanian venture capital fund, on its equity investment in Altechna, a Lithuanian optics and laser company.

Altechna specialises in general optics, polarisation optics, laser and nonlinear crystals, optoelectronics, lasers and laser accessories, as well as selling products and services in more than 45 countries worldwide. The company cooperates with Lithuanian and foreign universities.

The LitCapital investment will be used to finance the purchase of additional technological equipment and to increase in-house R&D capacity by strengthening capability to conduct high quality scientific research for commercialisation purposes. Total planned investment will amount up to EUR 3 million.

SORAINEN advised the client on structuring the deal, drafted transaction documentation and represented the client in negotiations.

The SORAINEN team was led by senior associate Sergej Butov and associate Vaidotas Melynavicius.