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TGS Baltic advised MCI on the sale of the shares of Pigu worth EUR 37 million

01.04.2021 TGS Baltic advised MCI on the sale of the shares of Pigu worth EUR 37 million

We advised one of the most rapidly growing private equity groups in the CEE region MCI Capital on selling its 51% stake in the e-commerce platform Pigu to Mid Europa Partners.

Additionally, MCI.Euroventures (MCI buyout fund) has agreed with Mid Europa Partners and the founding shareholders of Pigu and the Estonian e-commerce platform Hobby Hall GROUP (HHG) to combine Pigu and HHG to create one of the leading e-commerce and online marketplace platforms operating across Lithuania, Latvia, and Estonia with a growing presence in Finland.

Mid Europa Partners will emerge as the majority shareholder supported by MCI.Euroventures with the two founding shareholders of Pigu and HHG retaining significant stakes in the combined Group.

The project was led by executive partner Marius Matonis together with associate Paulius Dabulskis, junior associate Elvinas Kižys and legal assistant Evelina Vaišvilaitė. Back in 2015, TGS Baltic also advised MCI on the acquisition of Pigu.

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