Deals and cases
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22.10.2021
TGS Baltic advised OTB Ventures and Speedinvest on their investment into Kevin. which has secured $10 million
We advised OTB Ventures and Speedinvest, two of Europe's leading venture capital investors, which co-led investment into Kevin., which secured $10 million of new capital in a seed funding round. This is the largest seed funding round in the Baltics and one of the largest in Europe.
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16.09.2021
TGS Baltic advised UAB Valstybės investicinis kapitalas, which invests into the Lithuanian Aid for Business Fund, in approval of EUR 400 million state-guaranteed note program and placement of the inaugural EUR 30 million issue
TGS Baltic is proud at having had the opportunity to contribute to the successful approval of EUR 400 million state-guaranteed note program of UAB Valstybės investicinis kapitalas, a limited partner of the Lithuanian Aid for Business Fund, and placement of the inaugural EUR 30 million issue under the program. This is the first issue of corporate notes with a state guarantee in the Baltic States.
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10.08.2021
TGS Baltic advised Orion Securities, the largest non-banking financial brokerage company in Lithuania, on the introduction of a depository service
We advised Orion Securities, Lithuania’s largest non-banking financial brokerage company, on the introduction of a depository service, which will be provided to investment funds and investment companies operating in Lithuania from 1 October.
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04.08.2021
TGS Baltic successfully represented Orion Asset Management in a dispute with the Bank of Lithuania
We represented one of the longest-running asset management companies in Lithuania, Orion Asset Management, in a case concerning a fine of EUR 40.000 imposed by the Supervisory Authority of the Bank of Lithuania.
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23.07.2021
TGS Baltic advised Light Conversion on the sale of 25% of shares to 7-Industries
We advised the founders of Light Conversion, one of the world's leading manufacturers of femtosecond lasers, on the sale of 25% of shares to the Israeli based family office 7-Industries.
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01.07.2021
We advised BaltCap in its exit from the leading Estonian waste management company AS Eesti Keskkonnateenused.
TGS Baltic advised BaltCap, the largest private equity fund manager in the Baltic states, in its exit from the leading Estonian waste management company AS Eesti Keskkonnateenused.
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02.06.2021
TGS Baltic advised BaltCap on selling the shares of Ecoservice to Eco Baltia
TGS Baltic advised BaltCap on selling the Ecoservice shares to Eco Baltia, the largest environmental and waste management group in the Baltics, backed by private equity fund INVL Baltic Sea Growth Fund and European Bank for the Reconstruction and Development.
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10.05.2021
TGS Baltic advised Evernord on the biggest freeze-dried food business in the Baltic States Dehidra’s EUR 4 million bond issue
We are delighted to contribute to the successful placement of the bonds by Evernord, an investment firm based in Vilnius, Lithuania. The initiator of the EUR 4 million bond issue was the biggest freeze-dried food business in the Baltic States and one of the biggest in Northern Europe, Dehidra.
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16.03.2021
TGS Baltic advises Maxima Grupė on structuring the Commercial Paper Programme and the EUR 40 million issuance of notes under the programme – the very first transaction under such format in the Baltics
TGS Baltic has successfully advised Maxima Grupė controlling the largest food retail group in the Baltics in structuring the Commercial Paper Programme and the issuance of EUR 40 million of notes under the programme.
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17.02.2021
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.
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31.12.2020
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.
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02.12.2020
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.
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14.10.2020
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.
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02.10.2020
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.
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20.07.2020
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.
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01.07.2020
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.
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27.06.2020
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.
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23.06.2020
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.
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16.06.2020
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.
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21.01.2020
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.
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