Deals and cases

Deals and cases

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  • 16.05.2024

    The Latvian national airline airBaltic issues 340 million 5.25-year secured euro bonds

    TGS Baltic advised joint global coordinators BNP Paribas, Citi, and J.P. Morgan, joint bookrunners Morgan Stanley and SEB, and co-managers LHV and Signet Bank on the issue by the Latvian national airline airBaltic of 340 million 5.25-year secured euro bonds to be listed on Euronext Dublin stock exchange. This is the largest corporate bond issue originating from Latvia.

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  • 21.03.2024

    TGS Baltic assisted Šiaulių Bankas on the implementation of „SB Modernization Fund 2“ as securitisation vehicle

    On March 21, 2024, the „SB Modernization Fund 2“ was established as a securitization vehicle and a subsidiary of Šiaulių Bankas to finance the renovation of multi-apartment buildings. UAB „SB Modernization Fund 2“ signed the financing agreements with the European Investment Bank (EIB), acting as Lithuanian national funds manager, Swedbank AB, the European Bank for Reconstruction and Development (EBRD), Šiaulių Bankas, and SB Asset Management, an asset management company.

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  • 12.03.2024

    TGS Baltic assisted Ignitis Group in signing a 105 million EUR long-term financing agreement with EIB

    On March 12, Ignitis Group signed an agreement worth 105 million EUR with the European Investment Bank (EIB) for the 5th unit of the Kruonis Pumped Storage Hydroelectric Power Plant.

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  • 23.02.2024

    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.

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  • 13.02.2024

    TGS Baltic assisted European Investment Bank (EIB) on signing an agreement with Šiaulių Bankas to set up and manage a second EUR 200 million renovation fund.

    On February 13, 2024, Šiaulių Bankas signed an agreement with the EIB to amend the 2020 operational contract for the Multi-apartment Building Renovation Fund, committing to set up and manage a second EUR 200 million multi-apartment building renovation fund.

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  • 09.01.2024

    TGS Baltic advises on iCotton’s EUR 20 Million secured bond issue with Signet Bank.

    TGS Baltic advises iCotton, a prominent Baltic hygiene products manufacturer, in its issue of EUR 20 Million secured bonds in collaboration with Signet Bank. The bonds, offered in a private placement, are anticipated to be listed on the Nasdaq Riga First North alternative market in the near future.

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  • 16.11.2023

    TGS Baltic advised European Investment Bank (EIB) on signing a €25 milion agreement with Klaipėdos vanduo

    The European Investment Bank (EIB) has signed a €25 million loan agreement with "Klaipėdos vanduo", the municipal water company in the Lithuanian city of Klaipėda, supporting its 2023-2026 investment programme. 

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  • 31.10.2023

    TGS Baltic advised TKM Finants AS in obtaining a creditor's activity license

    We advised TKM Finants AS, a subsidiary of Nasdaq-listed Tallinna Kaubamaja Grupp AS, in applying for a creditor's activity license from the Estonian Financial Supervision Authority and providing consumer credit services.

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  • 24.07.2023

    BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange by acquiring Xpediator

    BaltCap was advised by TGS Baltic in completing the transaction to acquire Xpediator Plc.

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  • 02.05.2023

    TGS Baltic advised Ignitis Group on EUR 225 million multi-option facility agreement with MUFG Bank

    The energy company Ignitis Group concludes a financing agreement with the European division of the largest Japanese bank MUFG.

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  • 30.12.2022

    Big win in court representing the largest Lithuanian capital bank Šiaulių bankas in three-year-long proceedings regarding the imposition of the biggest AML fine in the banking sector

    TGS Baltic attorneys Žygimantas Stankevičius, Tadas Varapnickas and assistant attorney Eglė Masytė successfully defended the interests of Šiaulių bankas in an administrative case against the Bank of Lithuania regarding a fine imposed by the Bank of Lithuania.

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  • 11.11.2022

    TGS Baltic advised Orion Wealth in obtaining a licence of a financial brokerage firm of category C

    We advised Orion Wealth in obtaining a licence of a financial brokerage firm of category C. This license allows the firm to provide portfolio management, investment advice and other investment and ancillary services.

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  • 19.10.2022

    TGS Baltic successfully represented the largest Lithuanian capital bank Šiaulių bankas in a case against the fine imposed by the Bank of Lithuania

    Our team successfully represented the largest bank with Lithuanian capital – Šiaulių bankas – in an administrative case against the Bank of Lithuania regarding the fine imposed by the Bank of Lithuania.

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  • 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.

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  • 20.05.2022

    TGS Baltic advised Civinity on the acquisition of the Inservis Group  

    We have assisted the Civinity group of companies in acquiring 100% of shares in Inservis, Priemiestis, Jurita, and SIA Inservis from the assets management group, Invaldos INVL, and ensuring financing from Luminor for the transaction.

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  • 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.

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  • 29.04.2022

    TGS Baltic represented EIB in signing an operational agreement with Šiaulių bankas for establishment and management of EUR 275 million renovation fund. It is the first fund of this type in Europe, intended for performance of a public function

    We represented the European Investment Bank (EIB), as the manager of the European Regional Development Fund (ERDF), in granting a loan of EUR 90 million together with the Government of Lithuania to Šiaulių bankas, intended for its new subsidiary SB modernizavimo fondas. This loan is partly composed of funds from the European Structural and Investment Fund (ESIF). EUR 275 million loans in total, were granted to SB modernizavimo fondas also by other top-profile investors: Council of Europe Development Bank (CEB), INVL Asset Management, Swedbank, Šiaulių bankas and Nordic Investment Bank (NIB).

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  • 18.01.2022

    TGS Baltic advised financial brokerage company Myriad Capital on obtaining a category B licence of a financial brokerage firm

    TGS Baltic advised Myriad Capital, FMĮ on obtaining a category B licence of a financial brokerage firm that will allow the company to trade securities on behalf of clients, provide securities' accounting and custody services.

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  • 27.12.2021

    TGS Baltic was the main legal counsel in EUR 16 000 000 bond issue by ESTO Holdings OÜ

    TGS Baltic was the main legal counsel in the EUR 16 000 000 senior-secured bond issue by ESTO Holdings OÜ, the parent company of ESTO Group, which provides automated financing and payment solutions.

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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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