Deals and cases

Deals and cases

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  • 16.10.2024

    Šiaulių Bankas has successfully placed MEUR 50 note issue on the international market

    TGS Baltic client, Šiaulių Bankas, successfully placed a EUR 50 million issue of Fixed Rate Reset Perpetual Additional Tier 1 Temporary Write-Down Notes.

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  • 05.08.2024

    TGS Baltic helped Bondora AS with the establishment of a branch

    TGS 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.

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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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  • 09.05.2024

    SIA “Marijas 2” starts a new bond issue

    TGS Baltic advised a joint venture of Evernord, an alternative investment fund, and Novira Capital, on MEUR 50 public offering bond programme.

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  • 25.04.2024

    TGS Baltic assisted one of the founders of Altero Group with his exit from the financial comparison platform Altero

    TGS 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.

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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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  • 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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  • 13.02.2024

    TGS Baltic assisted European Investment Bank (EIB) on signing an agreement with Šiaulių Bankas to set up and manage a second EUR 200 million renovation fund.

    On 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.

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  • 09.01.2024

    TGS Baltic advises on iCotton’s EUR 20 Million secured bond issue with Signet Bank.

    TGS 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.

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  • 16.11.2023

    TGS Baltic advised European Investment Bank (EIB) on signing a €25 milion agreement with Klaipėdos vanduo

    The 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. 

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  • 31.10.2023

    TGS Baltic advised TKM Finants AS in obtaining a creditor's activity license

    We 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.

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  • 29.09.2023

    Partner Chirag Mody and senior associate Silvia Urgas successfully represented a client in three court cases

    Harju 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.

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  • 12.09.2023

    TGS Baltic advised Värska Originaal, the leading mineral water producer in Estonia, on a buyout of its minority shareholders and refinancing of the company

    TGS 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.

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  • 31.08.2023

    Bondora obtains consumer lending licence in Latvia

    After a year of meticulous effort Bondora acquired a consumer lending licence in Latvia.

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  • 31.07.2023

    Mundus Investment Fund EUR 7 million private placement of a bond programme

    Mundus Investment Fund launches EUR 7 million private placement of a bond programme to be issued by Juno Estate SIA.

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  • 21.06.2023

    Partner Martin Tamme and Senior Associate Silvia Urgas successfully represented Swedbank

    TGS 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.

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  • 02.05.2023

    TGS Baltic advised Ignitis Group on EUR 225 million multi-option facility agreement with MUFG Bank

    The energy company Ignitis Group concludes a financing agreement with the European division of the largest Japanese bank MUFG.

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  • 30.12.2022

    Big win in court representing the largest Lithuanian capital bank Šiaulių bankas in three-year-long proceedings regarding the imposition of the biggest AML fine in the banking sector

    TGS 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.

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  • 13.12.2022

    TGS Baltic advised the largest Lithuanian capital bank Šiaulių bankas on its 85 MEUR bond listing on Nasdaq Vilnius

    TGS 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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