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We advised the Lithuanian venture capital investor Practica Capital UAB in an arrangement

  • Finland

    15-04-2021

    We advised the Lithuanian venture capital investor Practica Capital UAB in an arrangement in which Practica made, together with Finnish Industry Investment Ltd, a collective investment into the Finnish Edtech growth company Helsinki International Schools Group Oy (HEI Schools) in a Series A funding round.

    HEI Schools produces high-quality Finnish early education for children and families around the world. The company provides pedagogical tools and content based on the Finnish early education model for kindergartens and teachers outside of Finland. Altogether 14 HEI Schools Learning Centers run by local kindergarten operators have been opened in China, Australia, Indonesia, Korea, Argentina, Saudi Arabia and Egypt.

    In the assignment, we advised Practica and conducted the legal, financial and tax due diligence inspections, in addition to which we were comprehensively responsible for the preparation and negotiation of transaction documents as well as the execution of the transaction.

    Partner Antti Husa led Eversheds’s team working on the assignment, which also included Specialist Counsel Tiina Koivisto (LDD), Analyst Max Tarkkala (FDD), Specialist Counsel Jussi Aranne and Associate Jukka Olsbo (TDD).

    More information on the transaction is available in the releases of the company, Practica and Finnish Industry Investment Ltd below:

    HEI Schools's release

    Practica Capital's release

    Finnish Industry Investment Ltd’s release

    Antti Husa, Partner
    Tiina Koivisto, Specialist Counsel
    Max Tarkkala, Project Manager
    Jussi Aranne, Specialist Counsel

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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