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TGS Baltic client, Šiaulių Bankas, successfully placed a EUR 50 million issue of Fixed Rate Reset Perpetual Additional Tier 1 Temporary Write-Down Notes.
MoreTGS Baltic attorneys advised Bondora AS during the process of obtaining a permit to establish a branch in Slovenia, starting from the preparation phase until the end of the proceedings.
MoreTGS 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.
MoreTGS Baltic advised a joint venture of Evernord, an alternative investment fund, and Novira Capital, on MEUR 50 public offering bond programme.
MoreTGS Baltic assisted one of the founders and the sole management board member of Altero Group with his exit from the financial comparison platform Altero, which operates in the Baltic countries, by selling his stake to OÜ OM TEENUSED and handing over the management to the new management team. Altero platform is operated by the Latvian holding company SIA Altero, which owns subsidiaries UAB Altero LT in Lithuania and Altero OÜ in Estonia. The transaction was signed on 26 February 2024 and completed on 25 April 2024.
MoreTGS 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.
MoreOn 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.
MoreOn 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.
MoreOn 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.
MoreTGS Baltic advises iCotton, a prominent Baltic hygiene products manufacturer, in its issue of EUR 20 Million secured bonds in collaboration with Signet Bank. The bonds, offered in a private placement, are anticipated to be listed on the Nasdaq Riga First North alternative market in the near future.
MoreThe 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.
MoreWe 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.
MoreHarju 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.
MoreTGS 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.
MoreAfter a year of meticulous effort Bondora acquired a consumer lending licence in Latvia.
MoreMundus Investment Fund launches EUR 7 million private placement of a bond programme to be issued by Juno Estate SIA.
MoreTGS 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.
MoreThe energy company Ignitis Group concludes a financing agreement with the European division of the largest Japanese bank MUFG.
MoreTGS Baltic attorneys Žygimantas Stankevičius, Tadas Varapnickas and assistant attorney Eglė Masytė successfully defended the interests of Šiaulių bankas in an administrative case against the Bank of Lithuania regarding a fine imposed by the Bank of Lithuania.
MoreTGS Baltic advised Šiaulių Bankas on their issue of 85 MEUR of restricted senior preferred notes. Altogether bond issue of Šiaulių bankas in the value of EUR 160 MEUR is traded as from 9 December 2022, for which 1.047% annual interest is paid.
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