Deals and cases
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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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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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28.07.2021
TGS Baltic advised Evernord on EUR 3,5 million private placement of bonds issued by a subsidiary of Novira Capital Group
TGS Baltic advised Evernord in executing a private placement of EUR 3.5 million bonds of NC K2C SIA, a subsidiary of the Estonian real estate developer Novira Capital.
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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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