HeavyFinance Secures EUR 17.5 Million for Sustainable Farming
Deal News | Dec 20, 2024 | CEE Legal Matters
TGS Baltic has provided legal advice to HeavyFinance involving a significant partnership with Multitude Bank to secure over EUR 17.5 million in funding focused on sustainable agriculture. Targeted at farmers in Lithuania and Poland, the financing is backed by the European Investment Funds Sustainability Guarantee and is designed to encourage the transition to climate-friendly farming practices. The strategic move involves leveraging a securitization vehicle to reduce borrowing costs and promote financial accessibility. The TGS Baltic legal team, led by partners Dalia Augaite and Marijus Krisciunas, played a critical role in this endeavor.
Sectors
- Agriculture Finance
- Legal Advisory
- Banking
Geography
- Lithuania – One of the primary regions targeted by the financing for sustainable agriculture practices.
- Poland – The other key region involved in the sustainable agriculture funding initiative.
Industry
- Agriculture Finance – This industry involves financial services aimed at supporting the agriculture sector, particularly in funding and investing in agricultural initiatives like sustainable farming.
- Legal Advisory – The role of TGS Baltic as legal advisors highlights the involvement of legal services in structuring financial deals and partnerships.
- Banking – Multitude Bank's involvement indicates the industry's role in providing and facilitating financial services and products.
Financials
- EUR 17.5 Million – The total funding secured for sustainable agriculture initiatives in Lithuania and Poland.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HeavyFinance | Target | Company | An agriculture-focused financing platform that aims to support farmers in adopting sustainable practices. |
| Multitude Bank | Bidding Company | Company | A provider of digital financial services in Europe, involved in the partnership to fund sustainable agriculture. |
| TGS Baltic | Legal Advisor | Company | A legal advisory firm representing HeavyFinance in forming the financing partnership. |
| European Investment Funds | Other Company | Company | Provided a Sustainability Guarantee backing the financing deal. |