Deals and cases

Deals and cases

Browse our deals and cases

Filter information in our deals and cases database

  • 20.03.2024

    TGS Baltic advised Soldera, the creator of the renewable energy certificate of origin management platform

    TGS Baltic advised the Estonian company Soldera and helped launch the first renewable energy certificate of origin management platform in Estonia.

    More
  • 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.

    More
  • 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.

    More
  • 28.06.2023

    Partner Chirag Mody and Associate Kaija Märtin Successfully Represented a Client at Court

    By its judgment of 26 June 2023, Harju County Court entirely dismissed the claim submitted against our client. The substance of the dispute was whether a professional business consultancy company had undertaken all activities foreseen in the agreement and was entitled for the payment.

    More
  • 02.06.2023

    TGS advised shareholders of Eesti Digiraamatute Keskus (EDRK) on the sale of a minority stake in EDRK to PE fund BaltCap

    EDRK is the absolute market leader in digitalizing books in Estonia. TGS advised the client during the negotiating the transaction documents and closing the transaction.

    More
  • 18.04.2023

    TGS Baltic advised the Estonian Museum Association on developing the Museum Card service

    On 11 April 2023, the foundation Muuseumikaart began operating, providing culture enthusiasts with a simpler way to visit various museums located in Estonia. Purchasers of the innovative Museum Card can visit over 100 museums and 500 exhibitions an unlimited number of times within a year.

    More
  • 27.03.2023

    TGS Baltic senior associates Chirag Mody and Anet Jaks successfully defended a client in a defamation-related action in Pärnu County Court

     

    In Pärnu County Court, TGS Baltic senior associates Chirag Mody and Anet Jaks successfully represented a client who was ordered to refute alleged false statements and compensate for patrimonial and non-patrimonial damage. The court agreed with the explanations provided by the contractual representatives and dismissed the action filed against the client.

    More
  • 28.10.2022

    TGS Baltic advised the seller in the transaction to sell the shares of KickerTech to Betsson, one of the largest companies within the European iGaming industry

    Our team advised the client, B2B sportsbook business, on the sale of 80 percent of the shares. The buyer is Betsson, one of the leading players in the gaming industry.

    More
  • 09.08.2022

    TGS Baltic advised the shareholders of Kilo Health in the sale of minor part of company shares to Scandinavian and Estonian funds

    TGS Baltic M&A team consisting of Marius Matonis and Rūta Tikuišytė advised two shareholders of Kilo Health (UAB “Kilo grupė“), one of the leading digital health and wellness companies, in selling minor part of their shares to Scandinavian and Estonian funds.

    More
  • 05.07.2022

    TGS Baltic advised founders of the space company NanoAvionics in the sale of a controlling stake to Norwegian company Kongsberg Defense & Aerospace

    Advised the founders of a space technology start-up NanoAvionics, together with AST & Science, on signing transaction documents regarding the sale of a controlling stake of NanoAvionics to Kongsberg Defense & Aerospace AS, a company controlled by the Kingdom of Norway, operating in the field of defense and space.

    More
  • 27.06.2022

    TGS Baltic assisted the marketing and advertising technology industry investor – venture capital fund BlackSheep Ventures / BlackSheep MadTech Fund with its planned EUR 2 million investment into a disruptive geospatial advertising platform developer “Roibox” SIA.

    TGS Baltic assisted the marketing and advertising technology industry investor – venture capital fund BlackSheep Ventures / BlackSheep MadTech Fund with its planned EUR 2 million investment into a disruptive geospatial advertising platform developer “Roibox” SIA.

    More
  • 21.06.2022

    TGS Baltic assisted SIA Tet in acquisition of 100% of the shares of SIA Telia Latvija and obtaining permission from the Latvian Competition Council.

    On 4 January 2022, the technology and entertainment company SIA “Tet” and one of the leading telecommunications companies in the Nordic and Baltic countries Telia Company signed an agreement on the purchase of shares in SIA "Telia Latvija". To conclude a transaction that envisages SIA “Tet” becoming the sole shareholder of SIA "Telia Latvija", a merger permit from the market supervisor – the Latvian Competition Council – was required.

    More
  • 18.05.2022

    TGS Baltic advised Truffle Capital on leading a 5.5 MEUR investment into insurtech startup Cachet

    Law Firm TGS Baltic advised the European fund Truffle Capital SAS on leading a 5.5 MEUR investment round into startup Cachet, which provides smart insurance solutions. TGS Baltic advised the client during the entire transaction, from legal due diligence of Estonian companies to drafting and negotiating the transaction documents and closing the investment.

    More
  • 22.04.2022

    TGS Baltic team advised Tesonet in closing investment to Žalgiris group

    Our team advised Tesonet on acquiring 25% stake in BC Zalgiris Kaunas.

    More
  • 07.04.2022

    TGS Baltic advised Nord Security on becoming the second Lithuanian unicorn

    Nord Security, the startup behind the leading VPN product, NordVPN, became the second Lithuanian unicorn after raising its first money, $100 million at a $1.6 billion valuation.

    More
  • 06.01.2022

    TGS Baltic assisted OptiGroup with its acquisition by FSN Capital.

    On 18 December 2021, FSN Capital VI signed an agreement to acquire OptiGroup and the Dutch company Hygas to create a European Group in the business-to-business distribution industry. FSN Capital VI will be the leading shareholder in the combined Group, and OptiGroup’s current shareholders, Altor Fund II, Triton II Fund and RoosGruppen AB will remain as minority owners. The transaction is expected to be finalised in the first quarter of 2022 subject to customary statutory approvals. The parties have agreed not to disclose the details of the transaction.

    More
  • 04.01.2022

    TGS Baltic advised Tet on acquisition of shares of Telia Latvia

    On 4 January 2022, the technology and entertainment company Tet and one of the leading telecommunications companies in the Nordic and Baltic countries Telia Company, signed an agreement on the purchase of shares in SIA Telia Latvija. To conclude a transaction that envisages Tet becoming the sole participant of SIA Telia Latvija, a merger permit from the market supervisor – the Competition Council – is required. The transaction amounts to EUR 10.75 million, including the refinancing of Telia Company loan.

    More
  • 15.12.2021

    TGS Baltic advised Tesonet Accelerator on its investment in Yours App, an all-rounder wellness app for the modern world

    TGS Baltic team advised Tesonet Accelerator, an international cybersecurity company and startup accelerator, on its investment in Yours App, an innovative UK-based wellness startup.

    More
  • 29.10.2021

    TGS Baltic assisted the shareholders of an international data technology company Squalio Group in sale of the shares of company to a leading global IT solutions and services provider Softline.

    TGS Baltic assisted the shareholders of an international data technology company Squalio Group, in the following countries: Latvia, Lithuania, Belarus and Estonia, in sale of the shares of Squalio Group to a leading global IT solutions and services provider Softline with a focus on digital transformation, cloud and cybersecurity. Licensing business of Squalio Group represented 98% of its total revenue in 2020.

    More
  • 11.10.2021

    TGS Baltic advised CoInvest Capital on their investment in Cogastro, the world's first insect farm software company

    TGS Baltic advised the venture capital fund CoInvest Capital, which together with Syndicate formed by members of the Lithuanian Business Angels Network (LitBAN) invested 500 000 EUR in startup Cogastro.

    More