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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.
MoreTGS 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.
MoreWe 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.
MoreTGS 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.
MoreTGS 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.
MoreTGS 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.
MoreTGS 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.
MoreTGS 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.
MoreTGS 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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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.
MoreTGS 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.
MoreKoinvesticinis 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.
MoreTGS 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.
MoreAccording 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.
MoreThe bonds were admitted to trading on the said regulated market at the beginning of December.
MoreIn 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.
MoreTGS 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).
MoreTGS 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.
MoreTGS 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.
MoreTGS 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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