Deals and cases

TGS Baltic assisted CVI on preparation and negotiation of a secured mezzanine bonds transaction

TGS Baltic assisted CVI Dom Maklerski sp. z o.o. (CVI ) in arranging financing to SIA Riga Retail Park for the purposes of co-financing acquisition of real property as well as construction and development of the Saga Lifestyle and Shopping Centre in Stopini, a suburb of Riga, Latvia, by the Baltic real estate developer, VPH UAB.

AUGA group, AB continued success in capital markets – it finalised a public offering of green bonds

TGS Baltic advised AUGA group, AB in approval of the bond programme for up to EUR 60 million and issue of the first green bonds issue in the amount of EUR 20 million according to the programme. The issued bonds are soon to be admitted to trading on AB Nasdaq Vilnius.

It is the first instance of issuing green bonds by private equity companies in the Baltics. Also, according to value and the number of investors, it is one of the biggest issues on Nasdaq Baltic exchange.

TGS Baltic advised Global Rubber Industries (Pvt) Ltd in purchasing the shares of Nortire OÜ

TGS Baltic advised Global Rubber Industries (Pvt) Ltd in purchasing the shares of Nortire OÜ, a leading distributor of speciality tires in the Baltics, Belarus and Western Russia.

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

Advising on the divestment of KAFO Eesti

TGS Baltic advised on the divestment of the seller of coffee dispensing machines and coffee KAFO Eesti to Lithuanian wholesale group Eugesta.

TGS Baltic carried out a full assessment of the GDPR compliance of the Baltic region’s largest retail chain

TGS Baltic carried out a comprehensive assessment of the GDPR compliance of the Baltic region’s largest retail chain. We reviewed the business processes of all the companies in the group and drew up a detailed report and an action plan. 

TGS Baltic performed a full assessment of a pharmacy chain's GDPR compliance

TGS Baltic carried out a comprehensive assessment of the GDPR compliance of a pharmacy chain: we reviewed the business processes of all the companies in the group and drew up a particularly detailed report and action plan. 

TGS Baltic continuously and extensively assists TV Play Baltics in interactions with regulators

TGS Baltic team is continuously and extensively assisting AS TV Play Baltics (the biggest satellite TV service provider in the Baltic States) in interactions with regulatory authorities (mostly the Lithuanian Radio and Television Commission). The matters include discussions with the authorities on the nature of cross-border satellite TV services and regulation based on the EU legal framework.

TGS Baltic assists Bitė Lietuva

TGS Baltic assists Bitė Lietuva in a dispute initiated by a virtual mobile network operator regarding allegedly incorrect application of the EU roaming legislation and calculation of roaming tariffs. The claimant alleges that it overpaid the roaming charges in the amount of approx. EUR 0.4 million.

TGS Baltic assisted Lithuanian Cable Television Association

We assist one of our oldest clients in preparing an application to the Communications Authority requesting an investigation into activities of the largest Lithuanian TV and internet service provider and requesting an unprecedented ex ante obligation – functional separation.

TGS Baltic assisted UAB Electrolux

TGS Baltic assisted the client in implementation of the new Labour Code of Lithuania. Also, TGS Baltic counselled the client on various employment law matters (such as termination of employment contracts, assessment of employees, etc.). Also, our assistance included providing the client with information re third pillar pension schemes in the Baltics.

TGS Baltic constantly advises the Lithuanian branch of Philip Morris

TGS Baltic constantly advises the Lithuanian branch of Philip Morris tobacco company regarding various competition-related matters, such as distribution contracts, pricing policies, relations with clients and suppliers.

Advising Ermitažas in acquiring Bauhof

TGS Baltic advised UAB Ermitažas, a major Lithuanian chain offering finishing goods, gardening items, and construction materials, in the acquisition of the Estonian company Bauhof, which is a leader in the same sector. After the acquisition UAB Ermitažas became the third largest merchant of construction materials and household items in the Baltics.

TGS Baltic has advised MAXIMA GRUPĖ in restructuring the corporate governance structure

TGS Baltic has advised MAXIMA GRUPĖ, UAB in restructuring the corporate governance structure of the company (e.g. creating the needed internal committees and other bodies, concluding the necessary internal rules and procedures, related to securities regulations, etc.) in order to create the corporate governance regime as of the listed company and provided other assistance in connection therewith, when the company was in the process of preparation of the public offering of notes and admission thereof to trading on the regulated markets Dublin Stock Exchange (Euronext Dublin) and AB Nasdaq Vilnius, which is currently been executed with the assistance of TGS Baltic as well.

TGS Baltic advised VIKONDA Group, one of the biggest business groups in Lithuania

TGS Baltic advised VIKONDA Group (VIKONDA Concern), one of the biggest business groups in Lithuania with significant interests in food, trade, crop, media industries, construction, and other services, with a consolidated annual turnover of approximately EUR 145 million, on a complex holding restructuring.

TGS Baltic receives continuing high rankings from IFLR1000 in Baltic countries

IFLR1000 (International Financial Law Review) is the guide of world’s leading financial law firms. The guide analysis and ranks more than 120 jurisdictions in the world.

Sale of the largest producer of alcoholic beverages Alita shares

TGS Baltic advised FR&R Invest IGA S.

Advising Pigu, the largest e-commerce company in the Baltics, on acquiring DLB e-shops

The firm's M&A team advised Pigu, the largest e-commerce company in the Baltics, on the acquisition of DLB e-shop operating in Estonia and Finland.

Investment in Baltic Bicycle Trade

TGS Baltic acted as legal advisor to the private equity fund LitCapital I and a private co-investor on their investment into UAB Baltic Bicycle Trade. Following the investment, UAB Baltic Bicycle Trade will work in cooperation with the only bicycle producer in the Baltics, UAB Baltik Vairas, to develop and produce proprietary electric bicycles.