Deals and cases

Deals and cases

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  • 23.04.2024

    TGS Baltic advised Röntgen Asset Management (UAB Ketvirta Diena) on obtaining permission to operate as a management company of collective investment undertakings for informed investors

    Our team advised Röntgen Asset Management (UAB Ketvirta Diena) on obtaining permission to operate as a management company of collective investment undertakings for informed investors. 

    This complements the Röntgen brand's existing presence in the financial sector: the management company’s sister company Röntgen is a provider of crowdfunding services.

     

     

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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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  • 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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  • 14.02.2023

    The largest environmental and waste management group in the Baltics, Eco Baltia, is entering the bond market: TGS Baltic advised the client on its inaugural 3-year bond issue

    Baltic team of Vidmantas Drizga, Dalia Augaitė, Inese Hazenfusa, and Mārtiņš Galzons advised Eco Baltia (managed by private capital fund INVL Baltic Sea Growth Fund) on entering the bond market. The client issued 8 million EUR of its inaugural 3-year bonds.

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  • 13.12.2022

    TGS Baltic advised the largest Lithuanian capital bank Šiaulių bankas on its 85 MEUR bond listing on Nasdaq Vilnius

    TGS Baltic advised Šiaulių Bankas on their issue of 85 MEUR of restricted senior preferred notes. Altogether bond issue of Šiaulių bankas in the value of EUR 160 MEUR is traded as from 9 December 2022, for which 1.047% annual interest is paid.

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  • 10.11.2022

    TGS Baltic – together with Dentons – advised the Republic of Lithuania on borrowing in total EUR 1.2 bilion in international capital markets

    Together with the international law firm Dentons, we advised the Republic of Lithuania on two benchmark bond transactions:

    • The issuance of EUR 900 million 4.125% Notes due 2028,
    • EUR 300 million tap of existing EUR 670 million 2.125% Notes due 2032.
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  • 30.06.2022

    TGS Baltic advised Valstybės investicinis kapitalas on a EUR 25 million note issue 

    Valstybės investicinis kapitalas UAB issued EUR 25 million 5-year senior unsecured notes under the EUR 400 million Programme. The notes have a nominal value of EUR 1,000 and a yield of 2.826%. 

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  • 09.06.2022

    TGS Baltic advised EPSO-G, which was the first in the Baltics to issue sustainability bonds

    Advised EPSO-G, which was the first in the Baltics to issue sustainability bonds. The project is significant for the entire Baltic capital market, as the interest rate of the bonds was the first linked to compliance with ESG requirements.

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  • 07.06.2022

    TGS Baltic – together with Dentons – advised the Republic of Lithuania on EUR 650 million bond issuance

    Together with the international law firm Dentons, we advised the Republic of Lithuania on issuance of 10-year EUR 650 million bond issue in international capital markets. The issue will pay 2.125 percent annual interest.

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  • 11.04.2022

    TGS Baltic advised AUGA Group and its main shareholder on the delisting of the company's shares from the Warsaw Stock Exchange and implementation of a respective mandatory tender offer

    TGS Baltic advised AUGA Group and its main shareholder on the delisting of the company's shares from the regulated market on the Warsaw Stock Exchange and the implementation of a mandatory tender offer aiming the delisting the company's shares from trading on the regulated market.

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  • 05.04.2022

    TGS Baltic advised Vilnius Jesuit High School in establishing the Europe’s first school-based untouchable capital fund

    We advised Vilnius Jesuit High School in officially establishing the Europe’s first school-based untouchable capital sponsorship fund on 2 February 2022.

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  • 23.03.2022

    TGS Baltic advises Maxima Grupė on structuring the Commercial Paper Programme

    TGS Baltic has successfully advised Maxima Grupė in structuring the Commercial Paper Programme and the issuance of EUR 35 million of notes under the programme.

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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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  • 15.10.2021

    TGS Baltic advised Civinity, one of the leading facility management and engineering groups in the Baltic States, on a EUR 8 m bond issue

    We advised Civinity, one of the leading commercial and residential facility management experts in the Baltic States, on the successful public offering of bonds in a total value of EUR 8 million, which attracted almost 70 private and institutional investors.

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  • 30.09.2021

    TGS Baltic advised Šiaulių Bankas in approving the EUR 250 mln. Euro Medium Term Note Programme and distributing the first EUR 75 mln. Notes issue under the programme

    We advised Šiaulių Bankas in approving the EUR 250 mln. Euro Medium Term Note Programme and its base prospectus as well as in distributing a EUR 75 mln. Restricted Senior Preferred Notes issue under the programme and the base prospectus. The issued notes will be soon admitted to trading on AB Nasdaq Vilnius in the debt securities trading list.

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  • 16.09.2021

    TGS Baltic advised UAB Valstybės investicinis kapitalas, which invests into the Lithuanian Aid for Business Fund, in approval of EUR 400 million state-guaranteed note program and placement of the inaugural EUR 30 million issue

    TGS Baltic is proud at having had the opportunity to contribute to the successful approval of EUR 400 million state-guaranteed note program of UAB Valstybės investicinis kapitalas, a limited partner of the Lithuanian Aid for Business Fund, and placement of the inaugural EUR 30 million issue under the program. This is the first issue of corporate notes with a state guarantee in the Baltic States.

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  • 13.07.2021

    TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in EUR 750 million Eurobond issue

    We advised the Ministry of Finance of the Republic of Lithuania in structuring and issuing a Eurobond issue worth EUR 750 million for a period of 30 years. This issue will bear 0.75% annual interest.

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  • 28.05.2021

    TGS Baltic advised Akropolis Group on EUR 300 million Eurobond issue

    We advised Akropolis Group, the leading shopping and entertainment centre development and management company in the Baltic States, on EUR 300 million Eurobond issue.

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  • 10.05.2021

    TGS Baltic advised Evernord on the biggest freeze-dried food business in the Baltic States Dehidra’s EUR 4 million bond issue

    We are delighted to contribute to the successful placement of the bonds by Evernord, an investment firm based in Vilnius, Lithuania. The initiator of the EUR 4 million bond issue was the biggest freeze-dried food business in the Baltic States and one of the biggest in Northern Europe, Dehidra.

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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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