Deals and cases

Deals and cases

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  • 26.11.2021

    TGS Baltic advised Eleving Group concerning a bond issue with the total volume of EUR 150,000,000.

    Eleving Group issued in October 2021 bonds in the amount of EUR 150,000,000, to be listed on the Frankfurt Stock Exchange - one of the largest bond issuances by a private company based in the Baltics.

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  • 15.11.2021

    TGS Baltic and Vinge assisted Swedish private equity company Helix Kapital with investment in the international sports media agency Spring Media, which simultaneously merged with Future Sports Agency.

    TGS Baltic in cooperation with Vinge assisted Swedish private equity company Helix Kapital with investment in the international sports media agency Spring Media, which simultaneously merged with Future Sports Agency to strengthen its leading position on the Nordic sport-media market and accelerate international expansion.

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  • 11.11.2021

    TGS Baltic successfully represented Šiaulių Bankas in a dispute with the Bank of Lithuania

    TGS Baltic represented Šiaulių Bankas in a dispute with the Bank of Lithuania regarding a sanction imposed by the Bank of Lithuania for violations of legal acts regulating the prevention of money laundering and terrorist financing.

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  • 26.10.2021

    TGS Baltic advised ALTUM Capital Fund on a EUR 10 million loan to hygiene product manufacturer iCotton.

    TGS Baltic advised ALTUM Capital Fund on a loan of EUR 10 million to the eco-friendly hygiene product company iCotton, which employs 800 people at the group's plants in Latvia and Poland and had a turnover of EUR 80 million last year.

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  • 13.09.2021

    TGS Baltic – together with White&Case – advised Avia Solutions Group on attracting EUR 300 million of investments from Certares Management LLC

    We advised Avia Solutions Group (ASG), a leading global aerospace services group, on entering into a strategic partnership with investment specialist dedicated to the travel, tourism, and hospitality sectors Certares Management LLC (Certares) through a EUR 300 million structured equity investment in the Group.

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  • 10.09.2021

    TGS Baltic advised Estateguru on raising series A round investment of EUR 5.8M

    Founded in 2013, Estateguru is the leading Pan-European marketplace that facilitates property-backed loans for developers/SMEs and investment opportunities for their global investor base. 

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  • 10.08.2021

    TGS Baltic advised Orion Securities, the largest non-banking financial brokerage company in Lithuania, on the introduction of a depository service

    We advised Orion Securities, Lithuania’s largest non-banking financial brokerage company, on the introduction of a depository service, which will be provided to investment funds and investment companies operating in Lithuania from 1 October.

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  • 14.07.2021

    TGS Baltic advised a consortium of banks on approx EUR 265 million refinancing of Press Glass, a leading European producer of processed glass

    TGS Baltic, together with the cross-border Dentons team, advised a club of four banks, consisting of PKO Bank Polski, ING Bank Śląski, Santander Bank Polska and BNP Paribas Bank Polska, on approx EUR 265 million refinancing of the indebtedness of Press Glass and the financing of its further investments, including new production plants in Lithuania and Wales.

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  • 13.07.2021

    TGS Baltic advised the clients on the acquisition of a qualifying shareholding and voting rights in UAB Medicinos bankas

    We advised Mr. Konstantinas Karosas, Western Petroleum Limited and UAB MB valdymas in obtaining a decision of the supervisory authority not to object to the acquisition of the qualifying shareholding and voting rights in UAB Medicinos bankas (the “Bank”).

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  • 21.06.2021

    The Estonian Financial Supervision Authority granted a payment institution activity licence to Crowdestate

    The activity licence grants Crowdestate the right to execute payment transactions, including transfer funds to a payment account opened with a payment service provider.

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  • 17.02.2021

    TGS Baltic assisted Overkill Ventures with its investments into and exit from US company AXDRAFT

    TGS Baltic assisted limited partnership Overkill Ventures Fund I AIF managed by SIA Overkill Ventures AIFP with its investments into and exit from US company AXDRAFT Inc. / Latvian company AXDRAFT SIA.

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  • 06.01.2021

    TGS Baltic advised Luminor Bank on arranging syndicated financing

    TGS Baltic represented Luminor Bank, the third largest financial services provider in the Baltic banking market, which together with Šiaulių bankas is lending EUR 44 million in equal parts for a new shopping centre project – 62,000 m² shopping mall Vilnius OUTLET.

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  • 31.12.2020

    TGS Baltic represented the European Investment Bank on signing an exclusive deal with Šiaulių bankas for the establishment and management of a EUR 200 million renovation fund

    Šiaulių bankas signed an agreement with the European Investment Bank (EIB) for the establishment and management of a EUR 200 million renovation fund for multi-apartment buildings.

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  • 30.11.2020

    TGS Baltic successfully advised Citadele Banka on receiving a merger clearance from the Competition Council of the Republic of Lithuania

    TGS Baltic advised Citadele Banka on receiving a merger clearance from the Competition Council  regarding the acquisition of UniCredit Leasing.

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  • 29.10.2020

    TGS Baltic Latvia and Estonia provided legal support to joint global co-ordinators and joint bookrunners with respect to IPO of 20,000,000 shares of AB “Ignitis grupė”, as part of which EUR 450 million were raised.

    TGS Baltic Latvia and Estonia provided legal support to joint global co-ordinators and joint bookrunners with respect to the initial public offering (IPO) of 20,000,000 shares of AB “Ignitis grupė”, a leading utility and renewable energy company in the Baltics, as part of which the company raised capital in the amount of 450 million euros.

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  • 09.10.2020

    TGS Baltic advised Evernord on obtaining a category B licence of a financial brokerage firm

    We advised Evernord – an investment firm based in Vilnius, Lithuania – on obtaining a category B licence of a financial brokerage firm.

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  • 28.04.2020

    TGS Baltic advised Šiaulių bankas on its 20 MEUR bond listing on Nasdaq Vilnius

    TGS Baltic advised Šiaulių bankas on listing on Debt Securities List of Nasdaq Vilnius non-publicly issued 20 MEUR of subordinated bonds, which will soon be admitted to trading on this regulated market.

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  • 01.04.2020

    TGS Baltic advised Viada LT, the biggest chain of gas stations in Lithuania, in making a public offering of bonds

    TGS Baltic advised Viada LT in making the issue of bonds for over EUR 1 million. The subscribed bonds are soon to be admitted to trading on the alternative stock exchange First North.

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  • 10.03.2020

    TGS Baltic assisted Rabobank in relation to a financing transaction in Latvia

    TGS Baltic advised Coöperatieve Rabobank U.A. in relation to a financing transaction and creation of appropriate security in Latvia.  The financing was provided to a Latvian company engaged in fishing -  SIA Batterfiša with Dutch origin, for the purposes of refinancing existing liabilities and working capital needs.

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  • 02.03.2020

    TGS Baltic assisted CVI on preparation and negotiation of a secured mezzanine bonds transaction

    TGS Baltic assisted CVI Dom Maklerski sp. z o.o. (CVI ) in arranging financing to SIA Riga Retail Park for the purposes of co-financing acquisition of real property as well as construction and development of the Saga Lifestyle and Shopping Centre in Stopini, a suburb of Riga, Latvia, by the Baltic real estate developer, VPH UAB.

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