Deals and cases

TGS Baltic advised Estonia’s state fund SmartCap on making an investment into Estonian deeptech startup Up Catalyst in its 4MEUR seed round

TGS Baltic advised AS SmartCap Green Fund on making an investment into Estonian deeptech startup Up Catalyst in its 4 MEUR investment round led by German climate tech VC fund Extantia, supported by SmartCap along with the existing investors Sunly, Little Green Fund, Scottish Baltic Invest, and UniTartu Ventures.

TGS Baltic assisted Enefit Green AS with selling Brocēni pellet mill and cogeneration plant in Latvia to Warmeston OU, the leading Estonian wood pellet producer.

Enefit Green AS has agreed to divest Brocēni pellet mill and biomass CHP plant to Warmeston OU by selling 100% shares of Enefit Green SIA (now Warmeston SIA) and SIA Technological Solutions. Brocēni business includes a pellet mill and a biomass cogeneration plant, both built in 2016.

TGS Baltic assisted Impact Ventures with its co-investment (alongside Kendris Capital) in the aggregate amount of EUR 1.2 million in SIA Naco Technologies.

TGS Baltic assisted Impact Ventures I. Private Equity Fund with its co-investment in the aggregate amount of EUR 1.2 million in an innovator in nano-coatings for green hydrogen systems - SIA Naco Technologies.

With this funding, SIA Naco Technologies plans to establish a presence in strategic markets to foster global partnerships and client relationships, particularly with electrolyser and fuel cell manufacturers, further innovation in nano-coatings to improve green hydrogen production and consumption and invest in talent and infrastructure to support the growing demand for green hydrogen technologies.

TGS Baltic assisted Enefit Green AS with selling Paide and Valka district heating businesses in Estonia and Latvia to AS Utilitas Eesti, Estonia's largest district heating company.

Enefit Green AS has agreed to divest Paide and Valka district heating businesses to AS Utilitas Eesti by divesting Paide business and 100% shares in the Valka district heating company SIA Enefit Power & Heat Valka. In Paide, the transaction consists of a district heating enterprise whose assets include a cogeneration plant commissioned in 2015, a biomass boiler plant, a reserve boiler house, and a solar park.

TGS Baltic advised INVL Baltic Sea Growth Fund in the acquisition of Galinta Group

INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, today announced the signing of an agreement to acquire 100% of the shares of Galinta Group. Galinta Group is one of the largest producers of buckwheat in Europe and one of the leading producers and traders of flakes, rice, and other groats in the Baltic region.

TGS Baltic advised the private equity fund BaltCap on the acquisition of VKG Elektrivõrgud

TGS Baltic advised BaltCap, the leading Baltic private equity fund on entering into the agreement for the acquisition of VKG Elektrivõrgud. VKG Elektrivõrgud is the second largest regulated distribution network in Estonia after the state-owned Elektrilevi.

TGS Baltic advised Hawesko on entering into a strategic partnership with the Dunker Group

TGS Baltic represented the stock exchange listed premium wines trading group Hawesko who is entering into a strategic partnership with the Dunker Group, the leading wine and spirits wholesale trading group in the Baltics, and in this context is acquiring 50 percent of the shares in Dunker Group OÜ. 

TGS Baltic assisted Clean Energy Infrastructure Fund, managed by Modus Asset Management UAB, in acquiring 100% shares of three companies with a portfolio of solar projects with a total capacity of 55 MW in Latvia from the developer SIA Evecon via the special purpose vehicle Clean Energy Investments UAB.

Clean Energy Investments UAB, a special purpose vehicle of a closed-end investment fund, Clean Energy Infrastructure Fund, managed by a Lithuanian renewable energy investment manager, Modus Asset Management, signed an agreement with one of the leading renewable energy developers in the Baltic States, SIA Evecon, to acquire 100% shares of three companies with a portfolio of 10 advanced technology solar park projects in Latvia.

BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange by acquiring Xpediator

BaltCap was advised by TGS Baltic in completing the transaction to acquire Xpediator Plc.

PPMI joins Kantar Public!

TGS Baltic provided advisory services to PPMI for its successful acquisition by Kantar Public.

TGS Baltic advised the Estonian national postal service provider Eesti Post (Omniva) on the purchase of certain assets from Parcelsea.

TGS Baltic advised the Estonian national postal service provider Eesti Post (Omniva) on the purchase of certain assets (network of smart mailboxes and related IP rights) from Parcelsea (Estonian based startup concentrating on developing innovative delivery solutions). TGS Baltic advised the client during the entire transaction, from assisting the client during due diligence exercise until drafting, negotiating and closing of the transaction documents.

TGS Baltic advised the shareholders of one of the oldest and most well-known furniture manufacturers Standard on the sale of their shares to a strategic investor Green Estonia.

TGS Baltic advised the client during the entire transaction, from assisting the clients during the due diligence exercise (conducted by the Buyer) until negotiation and finalisation of the transaction documents.

TGS Baltic advised AB Amber Grid in selling 66% stake in Get Baltic, UAB to European Energy Exchange (EEX)

EEX is the world’s biggest gas spot exchange and the second largest in European gas futures trading. 

TGS Baltic advised Livonia Partners on investment in the fast-growing sustainability innovator Bagfactory

Pan-Baltic private equity fund Livonia Partners invests in Lithuanian eco-friendly machine-made reusable and paper bag producer Bagfactory. The transaction is anticipated to conclude by the beginning of this summer.

TGS Baltic advised investment funds managed by BaltCap, the largest private equity firm in the Baltic States

Our team advised investment funds managed by BaltCap, the largest private equity firm in the Baltic States, in the take-private acquisition of London Stock Exchange FTSE AIM listed company Xpediator plc., an integrated freight management business. 

TGS Baltic represented InMedica in closing the deal to acquire Vilnius Implantology Center Clinic

Our client InMedica has closed the transaction regarding acquisition of Vilnius Implantology Center Clinic from OP Group, whose co-owner is DMSc Algirdas Puišys, the founder of the clinic.

TGS Baltic assisted renewable energy company Green Genius to acquire 100 MW solar PV project in Latvia

Renewable energy company Green Genius has acquired 100% shares in Latvian company having 100 MW solar PV project rights covering over 151 ha.

The global sustainability leader is coming to the Baltics: TGS Baltic advised IFCO SYSTEMS in acquiring UAB PlasticPack

Our experts Aurimas Pauliukevičius and Indrė Vickaitė-Liatukė advised IFCO SYSTEMS, the world's leading supplier of reusable packaging containers (RPC) for fresh food products, in acquiring 100% of shares in UAB PlasticPack from the previous owners who are private individuals.

Biggest deal in Baltics: TGS Baltic advised the buyer in the acquisition EECP Retail Properties II and III

TGS Baltic advised G.L.G. Projektai (which is owned by NDX Group and Galio Group) in the acquisition of 100% of the shares of EECP Retail Properties II and EECP Retail Properties III. The target companies operate 17 retail stores spread across 12 Lithuanian cities.