TGS Baltic assisted SIA Brain Games with the acquisition of Lithuania’s wholesaler and retailer of board games and toys UAB New Media Publishing

24.09.2019 TGS Baltic assisted SIA Brain Games with the acquisition of Lithuania’s wholesaler and retailer of board games and toys UAB New Media Publishing

TGS Baltic assisted Latvia’s board games company SIA Brain Games with the acquisition of Lithuania’s wholesaler and retailer of board games and toys UAB New Media Publishing

TGS Baltic assisted Latvia’s board games company SIA Brain Games with the acquisition of Lithuania’s wholesaler and retailer of board games and toys UAB New Media Publishing

With this acquisition, SIA Brain Games is expanding and becoming the largest chain of board games stores in the Baltics. It is also emphasized that the purchase of New Media Publishing will significantly expand the Brain Games wholesale assortment.

SIA Brain Games has been acting in the Latvian market already for more than 15 years. Last year the total turnover of Brain Games group was 3.7 million euros. Brain Games has developed a considerable international reputation and scooped international awards.

SIA Brain Games distributes popular games from all over the world, including games created in Latvia, Lithuania and Estonia. After this acquisition, SIA Brain Games has 2 stores in Latvia, 3 in Estonia and 7 in Lithuania. Moreover, it is also possible to purchase games from the Brain Games and Galvosukiu Pasaulis online shops.

TGS Baltic Latvia Partner Andra Rubene, Associate/Assistant Attorney at Law Kaspars Treilibs, as well as TGS Baltic Lithuania Partner Dalia Tamašauskaitė-Žilienė and Associate Indrė Vickaitė-Liatukė assisted with the acquisition. 

For more information, please refer to:

 

  • https://eng.lsm.lv/article/economy/business/latvias-brain-games-buys-lithuanias-new-media-publishing.a329325/

 

TGS Baltic is a full-service business law firm in Latvia, Estonia, and Lithuania employing 150+ lawyers across the Baltics. http://tgsbaltic.com/