Deals and cases
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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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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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14.07.2021
TGS Baltic advised a consortium of banks on approx EUR 265 million refinancing of Press Glass, a leading European producer of processed glass
TGS Baltic, together with the cross-border Dentons team, advised a club of four banks, consisting of PKO Bank Polski, ING Bank Śląski, Santander Bank Polska and BNP Paribas Bank Polska, on approx EUR 265 million refinancing of the indebtedness of Press Glass and the financing of its further investments, including new production plants in Lithuania and Wales.
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13.07.2021
TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in EUR 750 million Eurobond issue
We advised the Ministry of Finance of the Republic of Lithuania in structuring and issuing a Eurobond issue worth EUR 750 million for a period of 30 years. This issue will bear 0.75% annual interest.
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13.07.2021
TGS Baltic advised the clients on the acquisition of a qualifying shareholding and voting rights in UAB Medicinos bankas
We advised Mr. Konstantinas Karosas, Western Petroleum Limited and UAB MB valdymas in obtaining a decision of the supervisory authority not to object to the acquisition of the qualifying shareholding and voting rights in UAB Medicinos bankas (the “Bank”).
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21.06.2021
The Estonian Financial Supervision Authority granted a payment institution activity licence to Crowdestate
The activity licence grants Crowdestate the right to execute payment transactions, including transfer funds to a payment account opened with a payment service provider.
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17.05.2021
TGS Baltic provided legal assistance to the European Central Bank on Latvian law matters related to appeals of the orders of the General Court of European Union dismissing as inadmissible actions for annulment of the acts declaring ABLV Bank and its subsidiary, ABLV Bank Luxembourg SA, as failing or likely to fail.
TGS Baltic provided legal assistance to the representatives of the European Central Bank (ECB) on certain Latvian law matters related to rejection of the appeals of ABLV Bank AS and Mr. Ernests Bernis, Mr. Oļegs Fiļs, OF Holding SIA and Cassandra Holding Company SIA requiring setting aside of the orders of the General Court of the European Union of 6 May 2019, ABLV Bank v ECB (Case C‑551/19 P), and the order of 6 May 2019, Bernis and Others v ECB (Case C‑552/19 P), by which the General Court dismissed as inadmissible their actions for annulment of the acts of the ECB of 23 February 2018 by which the ECB declared that ABLV Bank and its subsidiary, ABLV Bank Luxembourg SA, were failing or were likely to fail.
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09.04.2021
TGS Baltic successfully represented the former directors and shareholders of the bankrupt private limited company in a dispute
TGS Baltic team successfully represented the bankrupt private limited company's former directors and shareholders in a dispute following a claim for damages brought by the bankrupt credit union AMBER.
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06.01.2021
TGS Baltic advised Luminor Bank on arranging syndicated financing
TGS Baltic represented Luminor Bank, the third largest financial services provider in the Baltic banking market, which together with Šiaulių bankas is lending EUR 44 million in equal parts for a new shopping centre project – 62,000 m² shopping mall Vilnius OUTLET.
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31.12.2020
TGS Baltic represented the European Investment Bank on signing an exclusive deal with Šiaulių bankas for the establishment and management of a EUR 200 million renovation fund
Šiaulių bankas signed an agreement with the European Investment Bank (EIB) for the establishment and management of a EUR 200 million renovation fund for multi-apartment buildings.
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30.11.2020
TGS Baltic successfully advised Citadele Banka on receiving a merger clearance from the Competition Council of the Republic of Lithuania
TGS Baltic advised Citadele Banka on receiving a merger clearance from the Competition Council regarding the acquisition of UniCredit Leasing.
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29.10.2020
TGS Baltic Latvia and Estonia provided legal support to joint global co-ordinators and joint bookrunners with respect to IPO of 20,000,000 shares of AB “Ignitis grupė”, as part of which EUR 450 million were raised.
TGS Baltic Latvia and Estonia provided legal support to joint global co-ordinators and joint bookrunners with respect to the initial public offering (IPO) of 20,000,000 shares of AB “Ignitis grupė”, a leading utility and renewable energy company in the Baltics, as part of which the company raised capital in the amount of 450 million euros.
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09.10.2020
TGS Baltic advised Evernord on obtaining a category B licence of a financial brokerage firm
We advised Evernord – an investment firm based in Vilnius, Lithuania – on obtaining a category B licence of a financial brokerage firm.
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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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12.01.2020
TGS Baltic advised Šiaulių bankas on the acquisition of the retail loan portfolio of EUR 125 million
We advised Šiaulių bankas, country’s largest Lithuanian-capital bank, on the acquisition of the retail credit portfolio with a value of EUR 125 million. Most of the portfolio consists of the mortgage loans.
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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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