Deals and cases

Deals and cases

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  • 23.11.2023

    TGS Baltic advised INVL Baltic Sea Growth Fund in the acquisition of Galinta Group

    INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, today announced the signing of an agreement to acquire 100% of the shares of Galinta Group. Galinta Group is one of the largest producers of buckwheat in Europe and one of the leading producers and traders of flakes, rice, and other groats in the Baltic region.

  • 22.11.2023

    TGS Baltic advised the Environmental Investment Centre on the development of a EUR 49 million hydrogen measure

    The TGS Baltic team advised the Environmental Investment Centre (EIC) on developing new support for the deployment of green hydrogen in the transport and industrial sectors. The purpose of EIC’s green hydrogen call for proposal is to test the introduction of green hydrogen in Estonian conditions from production to final consumption.

  • 16.11.2023

    TGS Baltic advised European Investment Bank (EIB) on signing a €25 milion agreement with Klaipėdos vanduo

    The European Investment Bank (EIB) has signed a €25 million loan agreement with "Klaipėdos vanduo", the municipal water company in the Lithuanian city of Klaipėda, supporting its 2023-2026 investment programme. 

  • 09.11.2023

    Senior associate Carel Kivimaa successfully represented a client in the Harju County Court

    The dispute concerned compensation for damage caused to the rental property. The defendants caused a traffic accident with a vehicle rented from our client, due to which the vehicle was financially destroyed.

  • 31.10.2023

    TGS Baltic advised TKM Finants AS in obtaining a creditor's activity license

    We advised TKM Finants AS, a subsidiary of Nasdaq-listed Tallinna Kaubamaja Grupp AS, in applying for a creditor's activity license from the Estonian Financial Supervision Authority and providing consumer credit services.

  • 24.10.2023

    TGS Baltic advised the private equity fund BaltCap on the acquisition of VKG Elektrivõrgud

    TGS Baltic advised BaltCap, the leading Baltic private equity fund on entering into the agreement for the acquisition of VKG Elektrivõrgud. VKG Elektrivõrgud is the second largest regulated distribution network in Estonia after the state-owned Elektrilevi.

  • 13.10.2023

    TGS Baltic advised Hawesko on entering into a strategic partnership with the Dunker Group

    TGS Baltic represented the stock exchange listed premium wines trading group Hawesko who is entering into a strategic partnership with the Dunker Group, the leading wine and spirits wholesale trading group in the Baltics, and in this context is acquiring 50 percent of the shares in Dunker Group OÜ. 

  • 12.10.2023

    TGS Baltic advised Paul-Tech in attracting an investment of 1.4 million from leading Estonian venture capital investors

    TGS Baltic advised the client throughout the entire transaction, from the negotiation and preparation of Estonian transaction documents to the completion of the transaction. The investment round was led by the Estonian venture capital fund Superangel, in which SmartCap, Honey Badger Capital, Estonian Business Angels Network (EstBAN), Tatoli AS, Overkill VC and business angels from Sweden participated.

  • 05.10.2023

    The European commission approves €193 million Lithuanian state aid scheme to support offshore wind farms to foster the transition to a net-zero economy

    TGS Baltic advised client on getting approval from The European Commission to support offshore wind farms to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan

  • 29.09.2023

    TGS Baltic advised Nord Security, Lithuanian cyber security tech unicorn, on attracting $100 million investment

    Our client Nord Security closed the deal with the US private equity group Warburg Pincus and secured $100mn investment that almost doubled their value in one year – from $1.6bn to $3bn, making it one of the biggest deals in the tech sector this year.

  • 29.09.2023

    Partner Chirag Mody and senior associate Silvia Urgas successfully represented a client in three court cases

    Harju County Court dismissed all three actions brought against our client in the total amount of EUR 2,500,000. In three court cases that lasted more than two years, it was argued whether our client had breached their official duty and failed to protect the interests of the corporate debtor in the bankruptcy proceedings.

  • 27.09.2023

    Partners Chirag Mody and Peeter Viirsalu successfully represented a client in Harju County Court

    Harju County Court fully satisfied our client’s claim to have their valuable immovable property returned to them. The dispute, which lasted more than six years, focused on whether an immovable property worth EUR 1,600,000 belonging to our corporate client was unlawfully transferred to a third party.

  • 22.09.2023

    Decision to start the process of out-of-court bankruptcy of INTER RAO Lietuva cancelled and significant case law formed

    Attorneys at law Dovilė Armalytė, Ramūnas Kontrauskas, Marius Brasiūnas and associate attorney at law Lukas Radzevičius from law firm TGS Baltic have successfully represented clients AB ORLEN Lietuva, UAB PHILIP MORRIS LIETUVA and AB Lietuvos paštas in solving the dispute over the lawfulness of the out-of-court bankruptcy process of AB INTER RAO Lietuva.

  • 12.09.2023

    TGS Baltic advised Värska Originaal, the leading mineral water producer in Estonia, on a buyout of its minority shareholders and refinancing of the company

    TGS Baltic acted as a legal adviser to Värska Originaal and its shareholders. Our team advised on negotiating the terms of the transaction in which the client acquired additional shares of Värska Originaal.

  • 08.09.2023

    TGS Baltic assisted Clean Energy Infrastructure Fund, managed by Modus Asset Management UAB, in acquiring 100% shares of three companies with a portfolio of solar projects with a total capacity of 55 MW in Latvia from the developer SIA Evecon via the special purpose vehicle Clean Energy Investments UAB.

    Clean Energy Investments UAB, a special purpose vehicle of a closed-end investment fund, Clean Energy Infrastructure Fund, managed by a Lithuanian renewable energy investment manager, Modus Asset Management, signed an agreement with one of the leading renewable energy developers in the Baltic States, SIA Evecon, to acquire 100% shares of three companies with a portfolio of 10 advanced technology solar park projects in Latvia.

  • 24.07.2023

    BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange by acquiring Xpediator

    BaltCap was advised by TGS Baltic in completing the transaction to acquire Xpediator Plc.

  • 06.07.2023

    PPMI joins Kantar Public!

    TGS Baltic provided advisory services to PPMI for its successful acquisition by Kantar Public.

  • 28.06.2023

    Partner Chirag Mody and Associate Kaija Märtin Successfully Represented a Client at Court

    By its judgment of 26 June 2023, Harju County Court entirely dismissed the claim submitted against our client. The substance of the dispute was whether a professional business consultancy company had undertaken all activities foreseen in the agreement and was entitled for the payment.

  • 21.06.2023

    Partner Martin Tamme and Senior Associate Silvia Urgas successfully represented Swedbank

    TGS Baltic has successfully represented Swedbank regarding a 1.75 MEUR claim presented against Swedbank by the bankruptcy trustee of the former Swedbank client Alberta Trade OÜ.

  • 15.06.2023

    Partner Chirag Mody Successfully Represented a Client in Harju County Court

    By its judgment of 2 June 2023, Harju County Court entirely dismissed the claim submitted against our client. The claim was based on an agreement signed between a mother and a daughter company which entitled the daughter company to use the group banking account.