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Photon Energy acquired 12 percent of Lerta SA shares

We have advised our client Photon Energy in the second equity financing round for Lerta SA. Other investors, including PGE Ventures, also took part in the transaction.

The investment meant acquiring 12 percent of shares in the share capital of Lerta. The value of the financing was PLN 4 million.

We advised our client during every step of the transaction. We negotiated the investment agreement and the convertible loan agreement.

"This transaction will allow both companies to expand their activities not only in Poland but also in Hungry and Romania, where Photon has been present for years," said Lucyna Dygas. "Our goal is to increase renewable energy development in Poland," she added.

Photon Energy invested in Lerta previously, through ValueTech Seed Fund which participated in the first financing round in 2018.

About Photon Energy N.V.

Photon Energy is a global company that offers services and solutions for the solar energy, including all phases of PV systems exploitation and water purification.

About Lerta SA

Lerta develops modern energy services helping consumers and producers of energy to effectively manage their production and consumption.