Deals and cases

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). 

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.

TGS Baltic provided legal assistance in a private bond placement performed by the leading egg production and trading company in the Baltics - AS APF Holdings

APF Holdings, which includes one of the largest Baltic egg producers SIA Alūksnes putnu ferma, has raised 7 million euros in a private bond issue for the implementation of its development plans. The entire bond issue volume was acquired by the Polish investment company CVI. The maturity for the bonds is set at four years.

TGS Baltic assisted SIA Lielais lauks with selling a strategic land plot to SIA Kinetics Nail Systems to construct a new factory.

On 11 January 2024, SIA Lielais lauks completed the sale of a strategic land plot (3.1858 ha) to SIA Kinetics Nail Systems necessary for the construction of a new factory. The transaction value is EUR 460,000.

TGS Baltic advised INVL Baltic Sea Growth Fund in the acquisition of Galinta Group

INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, today announced the signing of an agreement to acquire 100% of the shares of Galinta Group. Galinta Group is one of the largest producers of buckwheat in Europe and one of the leading producers and traders of flakes, rice, and other groats in the Baltic region.

TGS Baltic advised AUGA Group and its main shareholder on the delisting of the company's shares from the Warsaw Stock Exchange and implementation of a respective mandatory tender offer

TGS Baltic advised AUGA Group and its main shareholder on the delisting of the company's shares from the regulated market on the Warsaw Stock Exchange and the implementation of a mandatory tender offer aiming the delisting the company's shares from trading on the regulated market.

TGS Baltic advised Audimas, Lithuanian sports clothing manufacturer, on business separation and establishing a real estate management company  

We advised Audimas, Lithuanian sportswear and outdoor clothing manufacturer, on separating manufacturing and trading companies and establishing a real estate management company.

We advised Nõo Lihatööstus on repurchase of 29% holding

TGS Baltic’s partners Leonid Tolstov, Kadri Kallas, Helmut Pikmets and associate Maris Vutt advised Nõo Lihatööstus – Estonia’s largest enterprise operated with local capital – on the repurchase of a 29% holding from a competitor with whom they have been engaged in several disputes over the years.

TGS Baltic in cooperation with Vinge assisted Lagercrantz Group (publ) (Sweden) in the acquisition of shares from Libra-Plast (Norway) having group companies in Latvia.

TGS Baltic and Vinge assisted Lagercrantz Group AB (publ) (Norway), a technology group company listed in Stockholm Stock Exchange, in acquiring 75% of the shares in the Norwegian company Libra‑Plast AS (https://www.libra.no/). TGS Baltic ensured all the necessary transactional support with respect to Libra-Plast group companies in Latvia – Libra Plast SIA and Lanos SIA.

TGS Baltic successfully represented Agrotechnika, a company of the Republic of Ukraine, in a dispute with a debtor

We successfully represented our client, the company of the Republic of Ukraine Agrotechnika, in a dispute with Grūdoteka (debtor) regarding illegally initiated out-of-court bankruptcy proceedings of the debtor.

TGS Baltic advised a producer of precast concrete products AS Framm on the acquisition of AS Lasbet Tootmine, an undertaking operating in the same field

With the help of TGS Baltic team, a producer of concrete elements and products AS Framm entered into a transaction by which it acquired an undertaking operating in the same field AS Lasbet Tootmine, making AS Framm the largest producer of concrete elements and products in Estonia.

AUGA group, AB continued success in capital markets – it finalised a public offering of green bonds

TGS Baltic advised AUGA group, AB in approval of the bond programme for up to EUR 60 million and issue of the first green bonds issue in the amount of EUR 20 million according to the programme. The issued bonds are soon to be admitted to trading on AB Nasdaq Vilnius.

It is the first instance of issuing green bonds by private equity companies in the Baltics. Also, according to value and the number of investors, it is one of the biggest issues on Nasdaq Baltic exchange.

Advising and representing a client and its CEO and 50% shareholder in a number of civil cases

TGS Baltic is advising and representing a client as well as its CEO and 50% shareholder in a number of civil cases initiated by the other 50% shareholder. They include a case regarding unfair competition and protection of the company’s confidential information, a case regarding the buy-out of shares, a case for damages, a case for examination of the company’s activities, etc.

TGS Baltic represents in court CPO LT

TGS Baltic represents in court CPO LT, as a defendant, in a dispute regarding international fuels public procurement. The estimated value of the contract (framework) – EUR 785 million.

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 AUGA group, AB in successfully implementing the largest public secondary stock in Lithuania

TGS Baltic advised AUGA group, AB and its largest shareholder, Baltic Champs Group, UAB, in implementing a secondary public offering (SPO) of shares in the company in Lithuania, also in admitting the new shares to trading on the Polish and Lithuanian regulated 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 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.

TGS Baltic advised VIKONDA Group, one of the biggest business groups in Lithuania

TGS Baltic advised VIKONDA Group (VIKONDA Concern), one of the biggest business groups in Lithuania with significant interests in food, trade, crop, media industries, construction, and other services, with a consolidated annual turnover of approximately EUR 145 million, on a complex holding restructuring.