Deals and cases

Deals and cases

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  • 02.07.2024

    TGS Baltic assisted Orac Holding NV in acquiring 100% of the shares of SIA Agency More Than

    TGS Baltic assisted Orac Holding NV in acquiring 100% of the shares of SIA Agency More Than from Dzintars Pauzers. The transaction was signed on 4 June 2024, closed on 7 June 2024 and registered on 12 June 2024.

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  • 26.06.2024

    TGS Baltic lawyers represented a client in a precedent-setting lawsuit

    The Supreme Court of Estonia clarified for the first time the rules for distributing dividends and the conditions under which dividends can be distributed disproportionately among shareholders.

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  • 26.06.2024

    TGS Baltic advised "Rulonas" on the acquisition of "IMS Baltic" companies

    "Rulonas", one of the largest suppliers of stainless steel and aluminium in the Baltic region, has completed the acquisition of "IMS Baltic" companies operating in Lithuania, Latvia, and Estonia (formerly known as SCHMOLZ+BICKENBACH Baltic and Swiss Steel Baltic). 

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  • 25.06.2024

    TGS Baltic represented successfully Tallinn University of Technology in the dispute against AS Tallinna Vesi

    TGS Baltic Estonia attorneys successfully represented Tallinn University of Technology in the Supreme Court against Tallinna Vesi AS, whose water prices may have been more expensive than permitted by law in the years 2011-2019. 

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  • 19.06.2024

    TGS Baltic attorneys successfully represented the subsidiaries of Port of Tallinn

    The Supreme Court has decided to dismiss the appeal in cassation of the bankruptcy administrators of Saaremaa Laevakompanii (SLK) and Väinamere Liinid. With this, the judgment of Harju County Court of 31 March 2023, which dismissed SLK’s and Väinamere Liinid’s statement of claim against the subsidiaries of Port of Tallinn, entered into force.

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  • 29.05.2024

    TGS Baltic advised NIB on granting an investment loan of EUR 16.1 million to TKM Kinnisvara AS to finance the construction of a logistics center. 

    TGS Baltic advised Nordic Investment Bank (NIB) on granting an investment loan of EUR 16.1 million to TKM Kinnisvara AS, a member of the TKM Group, to finance the construction of a logistics center. 

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  • 27.05.2024

    TGS Baltic advised Latvenergo to conclude the largest wind farm development deal in Lithuania

    The implementation of the project is an important step in strengthening the competitive position of Latvenergo in the Lithuanian market and a factor in lowering the electricity price for customers in the Baltic states. For Latvenergo, this transaction is a significant breakthrough in executing the Group strategy.

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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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