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FORT advised private equity fund ZGI-4 with regard to investment into Corle OÜ, the first investment of the fund in Estonia

On 13, 09 2019 | No Comments | In Uncategorized | By Kadri Lensment

ZGI Capital is one of the most experienced venture capital fund managers in the Baltics and operates since 2005. Currently, ZGI Capital manages the fourth-generation private equity and venture capital fund “ZGI-4” already.

The core business of Corle OÜ is the design, construction and maintenance of electrical and internet optical cable engineering systems. Home market of this fast-growing and ambitious company is Estonia and Finland with short term expansion plans also in Sweden and Germany.

Investment into Corle OÜ was the first investment of the fund in Estonia. FORT advised ZGI Capital at all stages of the transaction, inter alia conducted legal due diligence, as well as drafted and negotiated all documents related to the investments.

FORT team was headed by Kuldar-Jaan Torokoff in Estonia and Ramona Miglāne in Latvia. FORT team comprised experts of the FORT Estonian office: Margus Kõiva, Liina Käis, Karl Kahm and Riin Rehepapp.

For more detailed information please click HERE