Deals and cases

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.

TGS Baltic advised Usaldusfond BaltCap Infrastructure Fund (BaltCap infrastructure management OU)

TGS Baltic advised Usaldusfond BaltCap Infrastructure Fund (BaltCap infrastructure management OU) (hereinafter - BaltCap) regarding corporate and commercial issues related to structuring strategy for participation in multiple public and private partnership projects (total CAPEX value approx. EUR 15 mln) involving foreign partners. Assistance of TGS Baltic included drafting all documents for the selection contests and for the cooperation between projects team (SPV as a bidder, foreign partners, contractors and service providers). TGS Baltic represented the cient in all selection procedures of these public and private partnership projects before the awarding entities.

TGS Baltic advised KŪB Koinvesticinis Fondas on investment in artificial intelligence start-up Attention Insight

TGS Baltic advised KŪB Koinvesticinis Fondas which together with the Lithuanian Business Angel Network (LitBAN) and venture capital fund Open Circle Capital invested EUR 200,000 in the artificial intelligence start-up Attention Insight, the developer of a product intended for the mass media.

TGS Baltic advised Smart Energy Fund powered by Lietuvos Energija on investment in Moixa

TGS Baltic  advised Smart Energy Fund powered by Lietuvos Energija on its investment in Moixa, a UK-based company developing smart energy storage devices and virtual power plant technologies.

TGS Baltic advised KŪB Koinvesticinis fondas on investment into the innovative start-up MOREmins Ltd.

Koinvesticinis Fondas and 5 other angel investors have invested €750,000 in the start-up which have already enabled 8 countries to make much cheaper calls to mobile or landline phones of subscribers in other countries.

TGS Baltic assisted AS Augstsprieguma tīkls with obtaining of the merger clearance by the Latvian Competition Council for potential acquisition of a decisive influence over AS Conexus Baltic Grid

According to the merger notification received by the Latvian Competition Council, since 1 January 2018, AS Augstsprieguma tīkls owns the majority of votes in the decision-making bodies of AS Conexus Baltic Grid.

TGS Baltic advised AUGA group, AB

TGS Baltic advised AUGA group, AB and its largest shareholder Baltic Champs Group, UAB, in implementing a secondary public offering (SPO) of shares of the company in Lithuania, as well as admitting new shares to trading on Polish and Lithuanian markets (on the Warsaw Stock Exchange and AB Nasdaq Vilnius), and transferring all its shares from the Additional Trading List to the Official Trading List. 

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.

TGS Baltic advised Livonia Partners in the acquisition of UAB Freor LT’s stake

TGS Baltic advised Livonia Partners, a private equity investment firm, in the acquisition of a 33% stake in UAB Freor LT from Mezzanine Management.

Advised UAB Lietuvos Energija in approving the medium term note program

TGS Baltic advised UAB Lietuvos Energija in approving the medium-term note program, which has been upsized to EUR 1.5 billion and issuing a EUR 300 million bond issue under the program. Since 11 July 2018, the placed bonds have been admitted to trading on the Luxembourg Stock Exchange and AB Nasdaq Vilnius. It is one of the largest transactions of this kind in the Baltic States.

TGS Baltic advised Koinvesticinis fondas on more than one-third-million-euro investment

TGS Baltic advised KŪB Koinvesticinis fondas on investments exceeding EUR 300,000 in a successful start-up, Millo Appliances. Koinvesticinis fondas with other business companies and business angels overall invested more than EUR 450,000.

TGS Baltic advised S.A. Elemental Holding in the sale of 49% of shares in EMP Recycling

TGS Baltic advised S.A. Elemental Holding in the sale of 49% of shares in EMP Recycling to Foreign Expansion Fund, Closed-End Investment Fund of Non-Public Assets (FEZ FIZAN), which is managed by asset management company PFR TFI S.A.