Deals and cases

Deals and cases

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  • 16.05.2024

    The Latvian national airline airBaltic issues 340 million 5.25-year secured euro bonds

    TGS Baltic advised joint global coordinators BNP Paribas, Citi, and J.P. Morgan, joint bookrunners Morgan Stanley and SEB, and co-managers LHV and Signet Bank on the issue by the Latvian national airline airBaltic of 340 million 5.25-year secured euro bonds to be listed on Euronext Dublin stock exchange. This is the largest corporate bond issue originating from Latvia.

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  • 23.04.2024

    TGS Baltic advised Röntgen Asset Management (UAB Ketvirta Diena) on obtaining permission to operate as a management company of collective investment undertakings for informed investors

    Our team advised Röntgen Asset Management (UAB Ketvirta Diena) on obtaining permission to operate as a management company of collective investment undertakings for informed investors. 

    This complements the Röntgen brand's existing presence in the financial sector: the management company’s sister company Röntgen is a provider of crowdfunding services.

     

     

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  • 12.04.2024

    TGS Baltic advised Coinvest Capital on its investment in the Lithuanian crisp producer CHAZZ

    Coinvest Capital has closed an investment in the Lithuanian crisp producer CHAZZ. Exactly six years after the first investment of the venture capital fund Coinvest Capital in the company Gusania, which produces CHAZZ chips, the fund sold its 26% stake.

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  • 10.04.2024

    TGS Baltic advised investors on a pre-seed round raised by Blackswan Space

    Blackswan Space, a Vilnius based space tech startup developing advanced software products for complex space & defense missions has secured €760k ($800) in pre-seed funding round.

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  • 05.04.2024

    TGS Baltic advised InMedica group, Lithuania's largest provider of private medical services, to acquire the "Panevėžio odontologai" clinic

    InMedica group continues its earlier expansion in the field of dental services and acquired Panevėžio odontologai, a dental clinic operating in Panevėžys. This is the second dental clinic acquired by the Group in Panevėžys and the fifth in Lithuania.

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  • 03.04.2024

    TGS Baltic, in cooperation with Hannes Snellman, assisted Accel-KKR with the Majority Equity Investment in Aico Group

    TGS Baltic, in cooperation with Hannes Snellman, assisted Accel-KKR, a global technology-focused investment firm, in the majority equity investment in Aico Group. Aico is an end-to-end financial close software platform for large enterprises. With the investment, Accel-KKR will join the current investor, Juuri Partners, as a backer of Aico.

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  • 21.03.2024

    TGS Baltic assisted Šiaulių Bankas on the implementation of „SB Modernization Fund 2“ as securitisation vehicle

    On March 21, 2024, the „SB Modernization Fund 2“ was established as a securitization vehicle and a subsidiary of Šiaulių Bankas to finance the renovation of multi-apartment buildings. UAB „SB Modernization Fund 2“ signed the financing agreements with the European Investment Bank (EIB), acting as Lithuanian national funds manager, Swedbank AB, the European Bank for Reconstruction and Development (EBRD), Šiaulių Bankas, and SB Asset Management, an asset management company.

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  • 20.03.2024

    TGS Baltic advised Soldera, the creator of the renewable energy certificate of origin management platform

    TGS Baltic advised the Estonian company Soldera and helped launch the first renewable energy certificate of origin management platform in Estonia.

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  • 20.03.2024

    TGS Baltic assists AS Eco Baltia with its plan to acquire SIA Eko Osta, a company collecting and recycling hazardous waste

    TGS Baltic assists AS Eco Baltia, the largest environmental resource management and recycling company in the Baltics, with its plan to acquire SIA Eko Osta, Latvia's leading company in collection and recycling of environmentally harmful and hazardous waste, thereby expanding the company's activities and range of environmental services. AS Eco Baltia group and the shareholders of SIA Eko Osta concluded the purchase agreement concerning the acquisition of 100% of the shares in SIA Eko Osta, the closing of which required merger authorisation from the Latvian Competition Council.

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  • 12.03.2024

    TGS Baltic assisted Ignitis Group in signing a 105 million EUR long-term financing agreement with EIB

    On March 12, Ignitis Group signed an agreement worth 105 million EUR with the European Investment Bank (EIB) for the 5th unit of the Kruonis Pumped Storage Hydroelectric Power Plant.

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  • 12.03.2024

    Legal support in the acquisition of capital shares of SIA Medicīnas sabiedrība "ARS"

    Andra Rubene provided legal support to the new shareholder of SIA Medicīnas sabiedrība "ARS" in the acquisition of capital shares of the company. As a result of the transaction, the new shareholder joined SIA "Medicīnas sabiedrība "ARS" as one of the largest shareholders.

     

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  • 28.02.2024

    TGS Baltic together with Cederquist advised Kinnevik on the sale of Tele2 shares to Freya Investissement

    TGS Baltic together with Cederquist has been an advisor to Kinnevik in connection with the sale of its entire holding in Tele2

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  • 23.02.2024

    TGS Baltic provided legal assistance in a private bond placement performed by the leading egg production and trading company in the Baltics - AS APF Holdings

    APF Holdings, which includes one of the largest Baltic egg producers SIA Alūksnes putnu ferma, has raised 7 million euros in a private bond issue for the implementation of its development plans. The entire bond issue volume was acquired by the Polish investment company CVI. The maturity for the bonds is set at four years.

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  • 21.02.2024

    Strategic acquisition: TGS Baltic advised IFCO SYSTEMS in acquiring 100% BEPCO OÜ shares

    Guiding IFCO SYSTEMS to Baltic expansion – TGS Baltic facilitates strategic BEPCO acquisition

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  • 20.02.2024

    TGS Baltic together with „Dentons“ advised the Republic of Lithuania on EUR 1.5 Billion Bond Issuance

    TGS Baltic, together with „Dentons“, have advised the Republic of Lithuania on updating its Euro Medium Term Note Program and successfully issuing EUR 1.5 billion in 3.5% notes due 2034. 

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  • 13.02.2024

    TGS Baltic assisted European Investment Bank (EIB) on signing an agreement with Šiaulių Bankas to set up and manage a second EUR 200 million renovation fund.

    On February 13, 2024, Šiaulių Bankas signed an agreement with the EIB to amend the 2020 operational contract for the Multi-apartment Building Renovation Fund, committing to set up and manage a second EUR 200 million multi-apartment building renovation fund.

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  • 21.01.2024

    TGS Baltic assisted Mitsubishi on acquiring 20% stake in European Energy

    The deal will inject around €700m into the Danish renewables group, and the investment will significantly boost the Danish renewables developer’s capital base and growth prospects.

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  • 19.01.2024

    TGS Baltic assisted SIA Lielais lauks with selling a strategic land plot to SIA Kinetics Nail Systems to construct a new factory.

    On 11 January 2024, SIA Lielais lauks completed the sale of a strategic land plot (3.1858 ha) to SIA Kinetics Nail Systems necessary for the construction of a new factory. The transaction value is EUR 460,000.

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  • 19.01.2024

    TGS Baltic assisted SIA DARDA in selling the land plot in a strategic location in the centre of Riga, the capital of Latvia, to SIA Satekles Business Center 2 for the development of a new office complex.

    TGS Baltic assisted SIA DARDA in selling a strategically positioned land plot (total area 3,777 sq.m.) in a central district of Riga, the capital of Latvia, adjacent to the railway station and Rail Baltica infrastructure, to SIA Satekles Business Center 2 (previously Linstow TOBRE, SIA). The transaction value is EUR 1.3 million.

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  • 16.01.2024

    TGS Baltic advised Estonia’s state fund SmartCap on making an investment into Estonian deeptech startup Up Catalyst in its 4MEUR seed round

    TGS Baltic advised AS SmartCap Green Fund on making an investment into Estonian deeptech startup Up Catalyst in its 4 MEUR investment round led by German climate tech VC fund Extantia, supported by SmartCap along with the existing investors Sunly, Little Green Fund, Scottish Baltic Invest, and UniTartu Ventures.

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