Deals and cases

Deals and cases

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  • 25.09.2024

    TGS Baltic advised 2C Ventures and AS SmartCap

    TGS Baltic team advised 2C Ventures and AS SmartCap Green Fund on making investments into deeptech startup ÄIO tech.

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  • 10.09.2024

    Capital fund Coinvest Capital invested in Airvolve

    Capital funds Coinvest Capital and Baltic Sandbox Ventures and several accredited business angels have invested €825,000 in the Lithuanian aerospace and defence startup Airvolve. This investment will be used to develop a unique tactical transport aircraft.

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  • 26.06.2024

    TGS Baltic advised "Rulonas" on the acquisition of "IMS Baltic" companies

    "Rulonas", one of the largest suppliers of stainless steel and aluminium in the Baltic region, has completed the acquisition of "IMS Baltic" companies operating in Lithuania, Latvia, and Estonia (formerly known as SCHMOLZ+BICKENBACH Baltic and Swiss Steel Baltic). 

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  • 27.05.2024

    TGS Baltic advised Latvenergo to conclude the largest wind farm development deal in Lithuania

    The implementation of the project is an important step in strengthening the competitive position of Latvenergo in the Lithuanian market and a factor in lowering the electricity price for customers in the Baltic states. For Latvenergo, this transaction is a significant breakthrough in executing the Group strategy.

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  • 12.04.2024

    TGS Baltic advised Coinvest Capital on its investment in the Lithuanian crisp producer CHAZZ

    Coinvest Capital has closed an investment in the Lithuanian crisp producer CHAZZ. Exactly six years after the first investment of the venture capital fund Coinvest Capital in the company Gusania, which produces CHAZZ chips, the fund sold its 26% stake.

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  • 10.04.2024

    TGS Baltic advised investors on a pre-seed round raised by Blackswan Space

    Blackswan Space, a Vilnius based space tech startup developing advanced software products for complex space & defense missions has secured €760k ($800) in pre-seed funding round.

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  • 05.04.2024

    TGS Baltic advised InMedica group, Lithuania's largest provider of private medical services, to acquire the "Panevėžio odontologai" clinic

    InMedica group continues its earlier expansion in the field of dental services and acquired Panevėžio odontologai, a dental clinic operating in Panevėžys. This is the second dental clinic acquired by the Group in Panevėžys and the fifth in Lithuania.

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  • 21.01.2024

    TGS Baltic assisted Mitsubishi on acquiring 20% stake in European Energy

    The deal will inject around €700m into the Danish renewables group, and the investment will significantly boost the Danish renewables developer’s capital base and growth prospects.

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  • 16.01.2024

    TGS Baltic advised Estonia’s state fund SmartCap on making an investment into Estonian deeptech startup Up Catalyst in its 4MEUR seed round

    TGS Baltic advised AS SmartCap Green Fund on making an investment into Estonian deeptech startup Up Catalyst in its 4 MEUR investment round led by German climate tech VC fund Extantia, supported by SmartCap along with the existing investors Sunly, Little Green Fund, Scottish Baltic Invest, and UniTartu Ventures.

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  • 12.10.2023

    TGS Baltic advised Paul-Tech in attracting an investment of 1.4 million from leading Estonian venture capital investors

    TGS Baltic advised the client throughout the entire transaction, from the negotiation and preparation of Estonian transaction documents to the completion of the transaction. The investment round was led by the Estonian venture capital fund Superangel, in which SmartCap, Honey Badger Capital, Estonian Business Angels Network (EstBAN), Tatoli AS, Overkill VC and business angels from Sweden participated.

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  • 29.09.2023

    TGS Baltic advised Nord Security, Lithuanian cyber security tech unicorn, on attracting $100 million investment

    Our client Nord Security closed the deal with the US private equity group Warburg Pincus and secured $100mn investment that almost doubled their value in one year – from $1.6bn to $3bn, making it one of the biggest deals in the tech sector this year.

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  • 24.07.2023

    BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange by acquiring Xpediator

    BaltCap was advised by TGS Baltic in completing the transaction to acquire Xpediator Plc.

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  • 06.07.2023

    PPMI joins Kantar Public!

    TGS Baltic provided advisory services to PPMI for its successful acquisition by Kantar Public.

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  • 30.04.2023

    TGS Baltic advised LiTech on securing €500,000 investment from Estonian venture capital investors 

    TGS Baltic team has advised data traceability software developer LiTech OÜ on raising €500,000 in investments from several Estonian venture capital investors. TGS Baltic Senior Associates, Mirko Kikkamägi and Silvia Urgas, advised the client throughout the transaction, from negotiating and drafting transaction documents to finalizing the deal.

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  • 20.04.2023

    TGS Baltic advised Livonia Partners on investment in the fast-growing sustainability innovator Bagfactory

    Pan-Baltic private equity fund Livonia Partners invests in Lithuanian eco-friendly machine-made reusable and paper bag producer Bagfactory. The transaction is anticipated to conclude by the beginning of this summer.

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  • 06.04.2023

    TGS Baltic advised investment funds managed by BaltCap, the largest private equity firm in the Baltic States

    Our team advised investment funds managed by BaltCap, the largest private equity firm in the Baltic States, in the take-private acquisition of London Stock Exchange FTSE AIM listed company Xpediator plc., an integrated freight management business. 

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  • 14.02.2023

    The largest environmental and waste management group in the Baltics, Eco Baltia, is entering the bond market: TGS Baltic advised the client on its inaugural 3-year bond issue

    Baltic team of Vidmantas Drizga, Dalia Augaitė, Inese Hazenfusa, and Mārtiņš Galzons advised Eco Baltia (managed by private capital fund INVL Baltic Sea Growth Fund) on entering the bond market. The client issued 8 million EUR of its inaugural 3-year bonds.

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  • 05.01.2023

    Exceptional victory: we have won a case against the Bank of Lithuania in courts of all instances, representing Orion Asset Management

    We represented one of the oldest asset management companies in Lithuania, Orion Asset Management, in a case concerning a fine of EUR 40,000 imposed by the Supervision Service of the Bank of Lithuania.

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  • 30.06.2022

    TGS Baltic advised Valstybės investicinis kapitalas on a EUR 25 million note issue 

    Valstybės investicinis kapitalas UAB issued EUR 25 million 5-year senior unsecured notes under the EUR 400 million Programme. The notes have a nominal value of EUR 1,000 and a yield of 2.826%. 

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  • 09.06.2022

    TGS Baltic advised EPSO-G, which was the first in the Baltics to issue sustainability bonds

    Advised EPSO-G, which was the first in the Baltics to issue sustainability bonds. The project is significant for the entire Baltic capital market, as the interest rate of the bonds was the first linked to compliance with ESG requirements.

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