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Deals and cases
Browse our deals and cases
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15.07.2020
TGS Baltic represented Opera Limited in the acquisition of Fjord Bank
TGS Baltic team advised Opera Limited – one of the world’s leading browser providers with more than 360 million users, and new offerings across content, classifieds and fintech - on the acquisition of Fjord Bank.
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04.05.2020
TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in issuance of two issues of Eurobonds for a record amount of EUR 2 billion
TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in structuring and issuing two issues of Eurobonds for the total value of EUR 2 billion.
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28.04.2020
TGS Baltic advised Šiaulių bankas on its 20 MEUR bond listing on Nasdaq Vilnius
TGS Baltic advised Šiaulių bankas on listing on Debt Securities List of Nasdaq Vilnius non-publicly issued 20 MEUR of subordinated bonds, which will soon be admitted to trading on this regulated market.
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10.03.2020
TGS Baltic assisted Rabobank in relation to a financing transaction in Latvia
TGS Baltic advised Coöperatieve Rabobank U.A. in relation to a financing transaction and creation of appropriate security in Latvia. The financing was provided to a Latvian company engaged in fishing - SIA Batterfiša with Dutch origin, for the purposes of refinancing existing liabilities and working capital needs.
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02.03.2020
TGS Baltic assisted CVI on preparation and negotiation of a secured mezzanine bonds transaction
TGS Baltic assisted CVI Dom Maklerski sp. z o.o. (CVI ) in arranging financing to SIA Riga Retail Park for the purposes of co-financing acquisition of real property as well as construction and development of the Saga Lifestyle and Shopping Centre in Stopini, a suburb of Riga, Latvia, by the Baltic real estate developer, VPH UAB.
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04.09.2019
TGS BALTIC Latvia successfully represents leading Latvian hotel operator Mogotel (www.mogotel.com)
TGS Baltic successfully represented Mogotel www.mogotel.com, a Latvian hotel operator.
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29.08.2019
TGS Baltic assisted Bergs Timber AB on a refinancing transaction
TGS Baltic advised Bergs Timber AB group companies in Latvia – Vika Wood and Byko-Lat on Latvian law matters in relation to the group refinancing transaction with Danske Bank and Svensk Exportkredit of the senior term and revolving facilities with the total value of SEK 622,000,000 and EUR 12,000,000, where the Latvian companies acted as guarantors.
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20.06.2019
TGS Baltic advised the Ministry of Finance of Lithuania on two eurobond issues with a total value of EUR 1.5 billion
TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in structuring and conducting two issues of eurobonds for a total value of EUR 1.5 billion.
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01.06.2019
TGS Baltic advised the European Investment Bank (EIB) on the financing of energy efficiency projects
TGS Baltic advised the European Investment Bank (EIB) on the financing of energy efficiency projects through funds Jessica I and Jessica II. The success of the pre-financing scheme employed for the financing of the renovation of multi-apartment buildings showed that the banks may be ready to get involved in the financing of this sector with their own funds.
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01.02.2019
TGS Baltic represented Ūkio Bankas against Deloitte Lietuva and Deloitte Touche Tohmatsu Ltd
TGS Baltic's team represented Ūkio Bankas against Deloitte Lietuva and Deloitte Touche Tohmatsu Limited in a claim for of over EUR 100 million for an improperly performed audit.
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21.01.2019
TGS Baltic's team successfully defended Bank Snoras
TGS Baltic together with the prominent Austrian law firm Graf & Pitkowitz Rechtsanwälte successfully defended Bank Snoras before the Vienna International Arbitral Centre (VIAC) in a complex declaratory relief claim sought by another major Austrian bank. Arbitration comprised issues of applicable law, AML regulations, back-to-back loan agreements, requirements for financial institutions and difficult jurisdictional issues. After a two-year legal battle, on 21 January 2019, VIAC arbitral tribunal rendered a decision in favor of Snoras, dismissing the declaratory relief sought by the claimant. TGS Baltic was the leading counsel of the arbitration.
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08.01.2019
TGS Baltic assisted Expobank CZ a.s. with financing the acquisition of the Radisson Blu Daugava Hotel by Astor Group (Latvia) from PBR Hotel (USA)
TGS Baltic assisted Expobank CZ a.s. with financing the acquisition of the shares of SIA POLAR BEK DAUGAVA (now merged into SIA LAMPL which is owned by two private individuals through SIA RHG RIGA), the owner of the Radisson Blu Daugava Hotel.
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06.12.2018
TGS Baltic advised Šiaulių Bankas in the admission of a EUR 20 million bond issue to trading on Nasdaq Vilnius
The bonds were admitted to trading on the said regulated market at the beginning of December.
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21.08.2018
TGS Baltic advised LitCapital in the acquisition of Audimas’ stake
TGS Baltic Associate Partner Aurimas Pauliukevičius has advised the client on all transaction-related issues from the conclusion of a letter of intent to the successful closing of the acquisition.
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24.07.2018
TGS Baltic advised UAB Medicinos bankas in approving the bond programme of up to EUR 10 million and placing the first over EUR 2.2 million emission under the programme
TGS Baltic advised UAB Medicinos bankas in approving the subordinated bond programme of up to EUR 10 million and placing the first over EUR 2.2 million bond emission under the programme. In the beginning of August, the placed bonds must also be admitted to trading on AB Nasdaq Vilnius. UAB FMĮ Orion securities acted as the bank’s intermediary for placement of the issue.
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19.07.2018
TGS Baltic advised AviaAM Leasing and its shareholders on delisting the company shares from the trading on the Warsaw Stock Exchange
TGS Baltic advised AB AviaAM Leasing and its certain shareholders on delisting the shares of the company from the trading on the regulated market on the Warsaw Stock Exchange. This is the first case of this kind when the shares of a Lithuanian issuer whose shares are traded on a foreign regulated market are delisted from it.
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04.05.2018
Advising EstateGuru in securing its first institutional credit line with Varengold Bank
The firm's banking and finance team led by partner Marko Kairjak advised EstateGuru in signing its first institutional credit line with German-based Varengold Bank AG. EstateGuru, European leading cross-border marketplace for short-term property loans has secured its first institutional credit line to be invested into loans originated in the Baltic market.
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02.05.2018
Advising Cryptus in obtaining virtual currency handling authorisations from Estonian Financial Intelligence Unit
The firm's banking and finance team led by partner Marko Kairjak advised Cryptus in obtaining virtual currency handling authorisations from Estonian Financial Intelligence Unit to provide services of exchanging a virtual currency against a fiat currency as well as virtual currency wallet services.
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02.04.2018
Advising Eesti Ühistukapital in acquiring 5% ownership in Coop Pank from Inbank
Inbank and Eesti Ühistukapital signed an agreement, as a result of which Eesti Ühistukapital will acquire 5% of Coop Pank's shares from Inbank.
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28.02.2018
Advising EstateGuru in funding its largest ever P2P loan and entering the Finnish market
TGS Baltic advised property lender EstateGuru in a cross-border financing transaction where EstateGuru provided a 1,6 MEUR loan to Finnish based printing house Libris Oy for purchasing real estate. With funding the platform’s largest ever loan in the country’s capital, the peer-to-peer platform entered in Finnish market.
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