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.
Transaction included indirect acquisition of Latvian media company important for national security 4.vara SIA that distributes news and broadcasts via popular media channel https://sportacentrs.com/ and provides various types of video services in Latvia (the Parliament (Saeima) of the Republic of Latvia, LMT, Tet, Swedbank, Air Baltic, etc.) and abroad (at major sporting events, where live broadcasts have been shown on Eurosport and the largest Northern European TV channels).
TGS Baltic ensured Helix Kapital full transactional support with respect to Latvian law and Latvian jurisdiction related issues, including government permits for changes in the ownership structure of a company important for national security.
The transaction relates to Latvia and Sweden.
TGS Baltic partners Andra Rubene and Nauris Grigals assisted by associates Vladlena Rudusane-Simica, Kaspars Treilibs, Toms Tīdemanis and trade mark attorney Alīna Lepere advised on the deal by representing Helix Kapital.
About Helix Kapital
Helix Kapital is a Swedish growth-oriented investment firm that invests in unlisted companies, primarily in Sweden, with proven and profitable business.
For more information about Helix Kapital, please visit https://www.helixkapital.se/en/
About Spring Media
Spring Media works within sports rights management, TV production and digital OTT channels covering live sporting events. Partners and rights include the Swedish Damallsvenskan women’s league and the Olympic rights for Central Asia, media houses such as Bonnier and Schibsted, as well as international clubs like Arsenal and Chelsea.
For more information about Spring Media, please visit https://springmedia.se/
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