Deals and cases

TGS Baltic advised MCI on the sale of the shares of Pigu worth EUR 37 million

We advised one of the most rapidly growing private equity groups in the CEE region MCI Capital on selling its 51% stake in the e-commerce platform Pigu to Mid Europa Partners.

TGS Baltic successfully represented Agrotechnika, a company of the Republic of Ukraine, in a dispute with a debtor

We successfully represented our client, the company of the Republic of Ukraine Agrotechnika, in a dispute with Grūdoteka (debtor) regarding illegally initiated out-of-court bankruptcy proceedings of the debtor.

TGS Baltic represented real estate company AS Retail Mežaparks in the largest land sale transaction to SIA Plesko Real Estate for the construction of Rimi supermarket.

TGS Baltic represented real estate company AS Retail Mežaparks in the largest land sale transaction to SIA Plesko Real Estate for the construction of Rimi supermarket.

TGS Baltic advised Saugos investicijų biuras on receiving a merger clearance from the Competition Council regarding the acquisition of 3 security companies owned by Maxima

TGS Baltic successfully advised Saugos investicijų biuras (SIB) on receiving a merger clearance from the Competition Council regarding the acquisition of 3 security companies - Akonkagva, Eigeris and Loganas – all owned by Maxima LT, the largest retail group in the Baltics.

TGS Baltic advised Maxima Group on transforming the structure of the group

We are pleased to have advised the largest retail group in the Baltics Maxima Group on transforming the structure of the group.

TGS Baltic represented the shareholders of NoriuNoriuNoriu in the sale of their shares to Laisvalaikio dovanos group

We have represented shareholders of one of the largest Baltic hotel services portals NoriuNoriuNoriu in the sale of 90% if the shares in UAB NoriuNoriuNoriu to UAB Disrupta. UAB Disrupta operates under the brand Emoti Group and owns the largest Baltic online gift platform Laisvalaikio dovanos.

TGS Baltic represented SIA Tepix by selling its carpet rental service business to SIA Lindstrom

TGS Baltic represented Latvian carpet rental service provider SIA Tepix by selling its carpet rental service business to SIA Lindstrom, a part of the leading European textile services group – Lindström Group.

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.

AUGA group, AB continued success in capital markets – it finalised a public offering of green bonds

TGS Baltic advised AUGA group, AB in approval of the bond programme for up to EUR 60 million and issue of the first green bonds issue in the amount of EUR 20 million according to the programme. The issued bonds are soon to be admitted to trading on AB Nasdaq Vilnius.

It is the first instance of issuing green bonds by private equity companies in the Baltics. Also, according to value and the number of investors, it is one of the biggest issues on Nasdaq Baltic exchange.

TGS Baltic advised Global Rubber Industries (Pvt) Ltd in purchasing the shares of Nortire OÜ

TGS Baltic advised Global Rubber Industries (Pvt) Ltd in purchasing the shares of Nortire OÜ, a leading distributor of speciality tires in the Baltics, Belarus and Western Russia.

TGS Baltic assisted SIA Brain Games with the acquisition of Lithuania’s wholesaler and retailer of board games and toys UAB New Media Publishing

TGS Baltic assisted Latvia’s board games company SIA Brain Games with the acquisition of Lithuania’s wholesaler and retailer of board games and toys UAB New Media Publishing

Advising on the divestment of KAFO Eesti

TGS Baltic advised on the divestment of the seller of coffee dispensing machines and coffee KAFO Eesti to Lithuanian wholesale group Eugesta.

TGS Baltic carried out a full assessment of the GDPR compliance of the Baltic region’s largest retail chain

TGS Baltic carried out a comprehensive assessment of the GDPR compliance of the Baltic region’s largest retail chain. We reviewed the business processes of all the companies in the group and drew up a detailed report and an action plan. 

TGS Baltic performed a full assessment of a pharmacy chain's GDPR compliance

TGS Baltic carried out a comprehensive assessment of the GDPR compliance of a pharmacy chain: we reviewed the business processes of all the companies in the group and drew up a particularly detailed report and action plan. 

TGS Baltic continuously and extensively assists TV Play Baltics in interactions with regulators

TGS Baltic team is continuously and extensively assisting AS TV Play Baltics (the biggest satellite TV service provider in the Baltic States) in interactions with regulatory authorities (mostly the Lithuanian Radio and Television Commission). The matters include discussions with the authorities on the nature of cross-border satellite TV services and regulation based on the EU legal framework.

TGS Baltic assists Bitė Lietuva

TGS Baltic assists Bitė Lietuva in a dispute initiated by a virtual mobile network operator regarding allegedly incorrect application of the EU roaming legislation and calculation of roaming tariffs. The claimant alleges that it overpaid the roaming charges in the amount of approx. EUR 0.4 million.

TGS Baltic assisted Lithuanian Cable Television Association

We assist one of our oldest clients in preparing an application to the Communications Authority requesting an investigation into activities of the largest Lithuanian TV and internet service provider and requesting an unprecedented ex ante obligation – functional separation.

TGS Baltic assisted UAB Electrolux

TGS Baltic assisted the client in implementation of the new Labour Code of Lithuania. Also, TGS Baltic counselled the client on various employment law matters (such as termination of employment contracts, assessment of employees, etc.). Also, our assistance included providing the client with information re third pillar pension schemes in the Baltics.

TGS Baltic constantly advises the Lithuanian branch of Philip Morris

TGS Baltic constantly advises the Lithuanian branch of Philip Morris tobacco company regarding various competition-related matters, such as distribution contracts, pricing policies, relations with clients and suppliers.