Mergermarket M&A report highlights TGS among the leading legal advisers in CEE

19.07.2013 Mergermarket M&A report highlights TGS among the leading legal advisers in CEE

TGS Baltic was among top 15 law firms in CEE region in Mergermarket’s H1 2013 M&A Report, issued in July 2013. Law firm advised the deals worth in excess of USD 1 billion and was ranked 12th in the prestigious adviser league table.

M&A deal highlights for TGS Baltic in H1 2013 include advising:

  • State company Deposit and Investment Insurance in the transfer of assets and lieabilities from Ūkio bankas to Šiauliu bankas;
  • Sportland International Group in the sale of 60% of the shares to leading UK sports retailer Sports Direct International;
  • Amber Trust in the acquisition of grain processing company Rigas Dzirnavnieks from Swedish company group Lantmanen;
  • Transiidikeskuse, Muuga harbour operator, in the acquisition of logistics company Rail Garant Estonia;
  • The minority shareholders of Cable TV company Starman in obtaining additional shares together with Swedish investment company East Capital Explorer Investments.

The report highlights that a total of USD 272.7bn worth of European M&A deals (2,342 deals) in H1 resulted in a 23.4% drop in year-on-year H1 values and 12.3% fewer deals, the lowest opening half year in three years (H1 2010, USD 242.3bn).

Mergermarket, a part of Financial Times Group, is the must-have intelligence and news service for anyone involved in mergers and acquisitions. It tracks deals worldwide to generate M&A advisers league tables, which became an industry standard among investment professionals. See more information in H12013 M&A Report.