Deals and cases
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14.04.2021
TGS Baltic advised Evernord Asset Management on establishing a new fund and investing in a real estate object in Riga
It was our pleasure to advise Evernord Real Estate Fund III, a fund managed by Evernord Asset Management, an investment firm based in Vilnius, Lithuania, on the acquisition of a 65% stake in Novira Plaza, a EUR 55 million worth business centre in Riga.
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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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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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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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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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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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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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03.07.2019
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.
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01.07.2019
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.
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06.06.2019
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.
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12.05.2019
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.
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08.02.2019
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.
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18.01.2019
TGS Baltic advised Dutch company Factris in acquisition of UAB Debitum fori
TGS Baltic advised Dutch factoring company Factris in acquiring Lithuanian invoice financing company UAB Debitum fori. The transaction resulted in the acquisition of 100% of shares in UAB Debitum fori operating under the trade name Debifo.
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02.01.2019
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.
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06.12.2018
TGS Baltic advised Šiaulių Bankas in the admission of a EUR 20 million bond issue to trading on Nasdaq Vilnius
The bonds were admitted to trading on the said regulated market at the beginning of December.
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03.12.2018
TGS Baltic advised Avia Solutions Group and its shareholders on delisting the company's shares from the Warsaw Stock Exchange
In addition to TGS Baltic, the company and its shareholders were also represented in this transaction by the international law firm Dentons Europe Dąbrowski i Wspólnicy sp. k.
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28.10.2018
TGS Baltic represented Lithuania SME Fund in the sale of InMedica shares
TGS Baltic represented Lithuania SME Fund and Litgaja in the sale of 70% stake of InMedica chain of primary health care centres to BGSF Sanus, a company wholly owned by INVL Baltic Sea Growth Fund (a private equity fund of INVL Asset Management).
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30.08.2018
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.
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21.08.2018
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.
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01.07.2018
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.
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