Deals and cases

TGS Baltic assisted Overkill Ventures with its investments into and exit from US company AXDRAFT

TGS Baltic assisted limited partnership Overkill Ventures Fund I AIF managed by SIA Overkill Ventures AIFP with its investments into and exit from US company AXDRAFT Inc. / Latvian company AXDRAFT SIA.

TGS Baltic advised OTB Ventures, Europe’s largest VC firm focused on tech start-ups, on its investment into Ondato

We advised OTB Ventures, Europe’s largest venture capital (VC) firm focused on tech start-ups with a strong footprint in Central and Eastern Europe, with regard to an investment into Ondato, a digital and biometric authentication company.

TGS Baltic represented LitCapital on the acquisition of Altechna

We are pleased to be able to contribute to yet another transaction implemented by our friends LitCapital – TGS Baltic assisted LitCapital in the acquisition of the remaining stake of their portfolio company Altechna, a leading optical technology company.

TGS Baltic advised INVL Baltic Sea Growth Fund on merging the medical clinics of the MediCa Group and InMedica

TGS Baltic represented the INVL Baltic Sea Growth Fund - a private equity fund of INVL Asset Management, the largest private equity investment fund in the Baltics, on negotiating and signing the transaction to merge the medical clinics of the Medica Group and InMedica klinika.

TGS Batic advised The Bank of New York Mellon on the largest-ever IPO in the Baltics by Ignitis Group

TGS Baltic advised The Bank of New York Mellon on implementing AB Ignitis grupė’s initial public offering (IPO) of shares and global depositary receipts representing the shares (GDR), including admitting to trading in GDR on the London Stock Exchange.

TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in EUR 1.75 billion Eurobond issue

TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in making 30-year Eurobond issue at the 0.5 percent annual interest rate. These are the most favourable terms ever that Lithuania was granted in making issues of such duration. The Eurobonds have been distributed at 0.637 percent profit rate, the issue price is equal to 96.27 percent of their face value.

TGS Baltic represented a group of joint investors in making 950.000 EUR investment into Inbalance grid

TGS Baltic advised a group of investors on their 950 000 EUR investment in intelligent electric vehicle charging solutions company Inbalance grid.

TGS Baltic advised Koinvesticinis fondas on their investment in Discontract startup

TGS Baltic team provided legal assistance to Koinvesticinis fondas, which together with a group of private investors invested 300 000 EUR in Discontract startup – an app for on-demand home services.

TGS Baltic advised LitCapital on selling NNL LT, a leading temperature-controlled goods company in Lithuania and Latvia

TGS Baltic assisted private equity fund LitCapital on selling NNL LT – region‘s leading logistics service provider focused on temperature-controlled goods.

TGS Baltic advised BaltCap on 15-year partnership agreement with Kaunas District Municipality

The largest private equity firm in the Baltic States BaltCap signed a 15-year public-private partnership agreement with Kaunas District Municipality.

TGS Baltic continues providing a full scope of legal assistance to Overkill Ventures startup portfolio

TGS Baltic continues providing a full scope of assistance to startup founders. At the beginning of a new batch, workshops on Latvian legislation are held, providing the teams with guidelines on starting up their business.

TGS Baltic advised BaltCap on the acquisition of Lithuanian meat processing company Krekenavos agrofirma

TGS Baltic advised one of the largest private equity investor BaltCap on the acquisition of the Lithuanian meat processing company Krekenavos agrofirma. It is the first investment of BaltCap Private Equity Fund III (BPEF III) established by BaltCap earlier this year, which amounts to EUR 136 million.

TGS Baltic advised shareholders of MILVITEKA, Lithuanian market leader in manufacturing and installation of bulk handling solutions, on the company's sale to PRECIA MOLEN

On December 11, PRECIA MOLEN, France's industrial and commercial weighing leader, acquired 100% of UAB MILVITEKA. As it is stated in public disclosure, this acquisition will help to widen PRECIA MOLEN product and service range and will reinforce its presence in Russia, Scandinavia and Eastern European countries. The CEO of the company who was one of the shareholders before the acquisition will keep his position in MILVITEKA.

TGS Baltic advised Avia Solutions Group in structuring and issue of bonds for the nominal value of USD 300 million

TGS Baltic advised Avia Solutions Group in structuring and issue of 5-year bond issue for the nominal value of USD 300 million. The bonds will soon be admitted to trading on the Irish stock exchange. The bonds will yield 7.875 percent annual interest.

TGS Baltic advised Naspers Ltd with regard to an investment into UAB Dappradar

TGS Baltic advised Naspers Ltd, a global internet group and one of the largest technology investors in the world, with regard to an investment into UAB Dappradar, offering a platform for distribution and analysis of decentralised apps. The company raised funding in the amount of EUR 2.33 million. It is the largest investment in the Baltics raised during the seed round phase.

TGS Baltic advised on the transfer of UAB KS Investicija shares and on signing the biggest office space deal in the Baltics with UAB Tesonet

TGS Baltic advised AB Avia Solutions Group in its merger to a company in Cyprus

Vidmantas Drizga, a Partner at TGS Baltic, the head of the Manufacturing Industry Group, and his team advised AB Avia Solutions Group in its cross-border merger to a subsidiary in Cyprus.

TGS Baltic advised in selling 100% of shares in Medicinos paslaugų grupė

TGS Baltic Partner, Head of Private Equity and Venture Capital industry group Aurimas Pauliukevičius with a team of lawyers advised LitCapital (private equity fund management company) and Ms. Jūratė Dambravienė in selling 100% of shares in Medicinos paslaugų grupė (Medical Services Group) to Affidea Lietuva, a company providing radiological diagnostic services.

TGS Baltic assisted LitCapital and Asgaard to sell shares of Baltik Vairas

TGS Baltic advised private equity fund LitCapital and Danish investment company Asgaard A/S in selling 100% of shares in Baltic Bicycle Trade, a company controlling Baltik vairas, a bicycle manufacturer in Šiauliai.