Deals and cases
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26.11.2021
TGS Baltic advised Eleving Group concerning a bond issue with the total volume of EUR 150,000,000.
Eleving Group issued in October 2021 bonds in the amount of EUR 150,000,000, to be listed on the Frankfurt Stock Exchange - one of the largest bond issuances by a private company based in the Baltics.
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26.11.2021
TGS Baltic assisted Green Gateway Fund L.P. / Wermuth Asset Management GmbH with its exit from the producer of concrete floors and foundations for industrial objects Primekss group in which the fund had made a capital investment and provided financing in 2014.
TGS Baltic assisted Green Gateway Fund L.P. / Wermuth Asset Management GmbH with exit from Primekss Group, the producer of concrete floors for buildings, logistics centres, shopping malls, DIY stores and foundations of buildings, in which the fund had made a capital investment and provided financing in the amount of EUR 10 million in 2014.
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23.11.2021
TGS Baltic successfully represented clients in a dispute concerning unfair competition
After a court action that lasted for more than a year, the opposing party withdrew their claims filed against the two clients of TGS Baltic. The claim filed against both clients exceeded a quarter of a million euros. Harju County Court dismissed the claims by its order of 15 November 2021. The clients were represented by senior associates Chirag Mody and Silvia Urgas.
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15.11.2021
TGS Baltic and Vinge assisted Swedish private equity company Helix Kapital with investment in the international sports media agency Spring Media, which simultaneously merged with Future Sports Agency.
TGS Baltic in cooperation with Vinge assisted Swedish private equity company Helix Kapital with investment in the international sports media agency Spring Media, which simultaneously merged with Future Sports Agency to strengthen its leading position on the Nordic sport-media market and accelerate international expansion.
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11.11.2021
TGS Baltic successfully represented Šiaulių Bankas in a dispute with the Bank of Lithuania
TGS Baltic represented Šiaulių Bankas in a dispute with the Bank of Lithuania regarding a sanction imposed by the Bank of Lithuania for violations of legal acts regulating the prevention of money laundering and terrorist financing.
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29.10.2021
TGS Baltic assisted the shareholders of an international data technology company Squalio Group in sale of the shares of company to a leading global IT solutions and services provider Softline.
TGS Baltic assisted the shareholders of an international data technology company Squalio Group, in the following countries: Latvia, Lithuania, Belarus and Estonia, in sale of the shares of Squalio Group to a leading global IT solutions and services provider Softline with a focus on digital transformation, cloud and cybersecurity. Licensing business of Squalio Group represented 98% of its total revenue in 2020.
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27.10.2021
TGS Baltic advised Audimas, Lithuanian sports clothing manufacturer, on business separation and establishing a real estate management company
We advised Audimas, Lithuanian sportswear and outdoor clothing manufacturer, on separating manufacturing and trading companies and establishing a real estate management company.
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26.10.2021
TGS Baltic successfully represented a client in a dispute concerning a contract for vehicle restoration services
On 19 October 2021, a county court granted the statement of claim of attorney-at-law Chirag Mody and attorney Kaija Klaasen.
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26.10.2021
TGS Baltic advised ALTUM Capital Fund on a EUR 10 million loan to hygiene product manufacturer iCotton.
TGS Baltic advised ALTUM Capital Fund on a loan of EUR 10 million to the eco-friendly hygiene product company iCotton, which employs 800 people at the group's plants in Latvia and Poland and had a turnover of EUR 80 million last year.
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22.10.2021
TGS Baltic advised OTB Ventures and Speedinvest on their investment into Kevin. which has secured $10 million
We advised OTB Ventures and Speedinvest, two of Europe's leading venture capital investors, which co-led investment into Kevin., which secured $10 million of new capital in a seed funding round. This is the largest seed funding round in the Baltics and one of the largest in Europe.
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15.10.2021
TGS Baltic advised Civinity, one of the leading facility management and engineering groups in the Baltic States, on a EUR 8 m bond issue
We advised Civinity, one of the leading commercial and residential facility management experts in the Baltic States, on the successful public offering of bonds in a total value of EUR 8 million, which attracted almost 70 private and institutional investors.
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30.09.2021
TGS Baltic advised Šiaulių Bankas in approving the EUR 250 mln. Euro Medium Term Note Programme and distributing the first EUR 75 mln. Notes issue under the programme
We advised Šiaulių Bankas in approving the EUR 250 mln. Euro Medium Term Note Programme and its base prospectus as well as in distributing a EUR 75 mln. Restricted Senior Preferred Notes issue under the programme and the base prospectus. The issued notes will be soon admitted to trading on AB Nasdaq Vilnius in the debt securities trading list.
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20.09.2021
We advised LHV pension funds on acquiring a production building from Ensko Ensek AS
The purpose of the transaction was to grow the rental property portfolio of LHV pension funds, managed by LHV Asset Management, incl. to increase the percentage of storage and industrial area in the current property portfolio.
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16.09.2021
TGS Baltic advised UAB Valstybės investicinis kapitalas, which invests into the Lithuanian Aid for Business Fund, in approval of EUR 400 million state-guaranteed note program and placement of the inaugural EUR 30 million issue
TGS Baltic is proud at having had the opportunity to contribute to the successful approval of EUR 400 million state-guaranteed note program of UAB Valstybės investicinis kapitalas, a limited partner of the Lithuanian Aid for Business Fund, and placement of the inaugural EUR 30 million issue under the program. This is the first issue of corporate notes with a state guarantee in the Baltic States.
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13.09.2021
TGS Baltic represented subsidiary of Bigbank in merger control proceedings
Bigbank’s subsidiary Rüütli Majad OÜ acquires two agricultural holdings: Abja Põld OÜ that is engaged in cereal growing and grassland farming, and Abja Farmid OÜ’s enterprise that is engaged in dairy farming.
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13.09.2021
TGS Baltic – together with White&Case – advised Avia Solutions Group on attracting EUR 300 million of investments from Certares Management LLC
We advised Avia Solutions Group (ASG), a leading global aerospace services group, on entering into a strategic partnership with investment specialist dedicated to the travel, tourism, and hospitality sectors Certares Management LLC (Certares) through a EUR 300 million structured equity investment in the Group.
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10.09.2021
TGS Baltic advised Estateguru on raising series A round investment of EUR 5.8M
Founded in 2013, Estateguru is the leading Pan-European marketplace that facilitates property-backed loans for developers/SMEs and investment opportunities for their global investor base.
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09.09.2021
TGS Baltic advised the venture capital fund OTB Ventures as the lead investor in Fractory’s 7.5 MEUR Series A round
The transaction is the first investment of the venture capital fund OTB Ventures in Estonia and is also one of the largest early-stage capital raisings in Estonia. OTB Ventures operates mainly in Central and Eastern Europe and focuses on early-stage high-tech start-ups. With the investment, the start-up Fractory, which is developing a cloud-based metal work ordering platform, plans to grow its team and enter new markets in the USA, France, and Italy.
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15.08.2021
TGS Baltic advised Akropolis Group on signing the transaction to acquire one of the largest shopping centres in Riga - Alfa
TGS Baltic advised Akropolis Group, the leading company for the development and management of shopping and entertainment centres in the Baltic States, which acquired one of the largest shopping centres in Riga, Latvia – ALFA, with the total area of 154,000 sq. m.
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10.08.2021
TGS Baltic advised Orion Securities, the largest non-banking financial brokerage company in Lithuania, on the introduction of a depository service
We advised Orion Securities, Lithuania’s largest non-banking financial brokerage company, on the introduction of a depository service, which will be provided to investment funds and investment companies operating in Lithuania from 1 October.
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