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Acquisition of a licensed crypto company in the EU

Result

Deal closed in 4 months, VASP licence preserved

Deal value of about €2 million.

  • ClientCrypto exchange from Southeast Asia
  • PracticeM&A
  • JurisdictionsLithuania (EU)

The client’s task

The client planned to acquire an operating crypto company holding a VASP licence in Lithuania in order to enter the European market. The difficulty was to preserve the licence on the change of control and to pass the regulator’s review within a tight timeframe.

Challenges and risks

  • Risk of the licence being suspended on the change of control
  • Need to demonstrate compliance with AML requirements
  • Tight timeline for due diligence

What we did

  1. Carried out legal due diligence on the company
  2. Prepared the share purchase agreement (SPA)
  3. Prepared the notification to the regulator
  4. Supported communication with the regulator
  5. Developed a plan to preserve the licence

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