Deals and cases
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09.01.2023
TGS Baltic assisted BETHOC AB, Swedish hockey training aids seller, with acquiring the shares of SIA SPORT REVOLUTION, Latvian ice hockey, floorball, and field hockey training aids seller.
On 20 December 2022, Swedish company BETHOC AB signed the transaction to acquire 100% shares of Latvian company SIA SPORT REVOLUTION from the previous shareholders of Latvian company SIA JLSR and SIA Xstunda, each owning 50% of the share capital of the company.
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05.01.2023
TGS Baltic assisted the shareholders of a Latvian solar energy project development company in selling 100% of its shares to the Lithuanian company UAB Ignitis renewables.
On 29 December 2022, the shareholders of a Latvian solar energy project development company signed an agreement on sale of 100% shares of its company to the Lithuanian state-owned company UAB Ignitis renewables.
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30.11.2022
TGS Baltic advised Litgrid, the Lithuanian electricity transmission operator, on the acquisition of shares in Norwegian company TSO Holding
Our experts Aurimas Pauliukevičius and Indrė Vickaitė-Liatukė have advised Lithuanian electricity transmission operator LITGRID AB (“LITGRID”) on the acquisition of two 18.8% stakes of shares in Norwegian company TSO Holding AS (“TSO Holding”) (in total 37.6%) from Danish and Finnish energy transmission system operators, Energinet and Fingrid, respectively, and the subsequent sale of stake of LITGRID in TSO Holding to its parent company UAB EPSO-G (“EPSO-G”). The value of these transactions is approximately EUR 13 million.
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28.10.2022
TGS Baltic advised the seller in the transaction to sell the shares of KickerTech to Betsson, one of the largest companies within the European iGaming industry
Our team advised the client, B2B sportsbook business, on the sale of 80 percent of the shares. The buyer is Betsson, one of the leading players in the gaming industry.
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22.09.2022
TGS Baltic represented InMedica in the acquisition of Vilnius Implantology Center Clinic
Our client InMedica has signed the deal for acquisition of 100% of Vilnius Implantology Center Clinic from OP Group, whose co-owner is DMSc Algirdas Puišys, the founder of the clinic.
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07.09.2022
TGS Baltic assisted the shareholders of a Latvian wind and solar energy project development company in the sale of 100% of its shares to the Lithuanian company UAB Ignitis renewables.
On 6 September 2022, the shareholders of a Latvian wind and solar energy project development company signed an agreement on the sale of 100% shares of a Latvian company that is developing a wind and energy project in Latvia to the Lithuanian company UAB Ignitis renewables.
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09.08.2022
TGS Baltic advised the shareholders of Kilo Health in the sale of minor part of company shares to Scandinavian and Estonian funds
TGS Baltic M&A team consisting of Marius Matonis and Rūta Tikuišytė advised two shareholders of Kilo Health (UAB “Kilo grupė“), one of the leading digital health and wellness companies, in selling minor part of their shares to Scandinavian and Estonian funds.
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05.07.2022
TGS Baltic advised founders of the space company NanoAvionics in the sale of a controlling stake to Norwegian company Kongsberg Defense & Aerospace
Advised the founders of a space technology start-up NanoAvionics, together with AST & Science, on signing transaction documents regarding the sale of a controlling stake of NanoAvionics to Kongsberg Defense & Aerospace AS, a company controlled by the Kingdom of Norway, operating in the field of defense and space.
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27.06.2022
TGS Baltic assisted the marketing and advertising technology industry investor – venture capital fund BlackSheep Ventures / BlackSheep MadTech Fund with its planned EUR 2 million investment into a disruptive geospatial advertising platform developer “Roibox” SIA.
TGS Baltic assisted the marketing and advertising technology industry investor – venture capital fund BlackSheep Ventures / BlackSheep MadTech Fund with its planned EUR 2 million investment into a disruptive geospatial advertising platform developer “Roibox” SIA.
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21.06.2022
TGS Baltic assisted SIA Tet in acquisition of 100% of the shares of SIA Telia Latvija and obtaining permission from the Latvian Competition Council.
On 4 January 2022, the technology and entertainment company SIA “Tet” and one of the leading telecommunications companies in the Nordic and Baltic countries Telia Company signed an agreement on the purchase of shares in SIA "Telia Latvija". To conclude a transaction that envisages SIA “Tet” becoming the sole shareholder of SIA "Telia Latvija", a merger permit from the market supervisor – the Latvian Competition Council – was required.
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09.06.2022
TGS Baltic advised a group of companies on acquisition of shares of SIA SELP who owned a wind power project of 138 MW to Taaleri Group and Lords LB Asset Management.
TGS Baltic advised REMG TRADE SIA, EXECUTO SIA and SIA FUTURE FARM in selling 100% shares of SIA SELP, a company who has been established with a view to developing, owning and constructing a wind power project to be located in Talsi municipality, with a total planned connection capacity of 138 MW (one hundred thirty-eight megawatts) to Taaleri Group and Lords LB Asset management.
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01.06.2022
TGS Baltic assisted Galio Group in acquiring commercial building from GROA Real Estate Fund I
Galio Group agreed to buy one of the "Maxima" stores from GROA Capital in the Balsiai district of Vilnius.
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20.05.2022
TGS Baltic advised Civinity on the acquisition of the Inservis Group
We have assisted the Civinity group of companies in acquiring 100% of shares in Inservis, Priemiestis, Jurita, and SIA Inservis from the assets management group, Invaldos INVL, and ensuring financing from Luminor for the transaction.
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18.05.2022
TGS Baltic advised Truffle Capital on leading a 5.5 MEUR investment into insurtech startup Cachet
Law Firm TGS Baltic advised the European fund Truffle Capital SAS on leading a 5.5 MEUR investment round into startup Cachet, which provides smart insurance solutions. TGS Baltic advised the client during the entire transaction, from legal due diligence of Estonian companies to drafting and negotiating the transaction documents and closing the investment.
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22.04.2022
TGS Baltic team advised Tesonet in closing investment to Žalgiris group
Our team advised Tesonet on acquiring 25% stake in BC Zalgiris Kaunas.
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07.04.2022
TGS Baltic advised Nord Security on becoming the second Lithuanian unicorn
Nord Security, the startup behind the leading VPN product, NordVPN, became the second Lithuanian unicorn after raising its first money, $100 million at a $1.6 billion valuation.
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31.03.2022
TGS Baltic advised on the largest healthcare clinic merger in Lithuania
TGS Baltic represented InMedica and its shareholders INVL Baltic Sea Growth Fund, one of the largest Baltic private equity funds, and UAB Litgaja, the holding company of Mr. Kęstutis Broniukaitis, the founder and the CEO of InMedica, on merging the leading Lithuanian private medical chains InMedica and MediCA Group. This is the largest transaction in Lithuanian healthcare sector to date.
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31.03.2022
TGS Baltic advised ZAKA Startups who led the Alpha AR investment round
TGS Baltic advised ZAKA Startups on leading a EUR 728,000 investment round in Alpha AR OÜ. Alpha AR plans to use the raised financing to develop its 3D-modelling platform.
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21.03.2022
We advised AS Eesti Post on the acquisition of the newspaper delivery service provider AS Express Post
Law Firm TGS Baltic experts Triinu Järviste, Kadri Kallas, and Mari Anne Valberg advised AS Eesti Post on the transaction by which AS Ekspress Grupp and AS Postimees Grupp sell the shares of AS Express Post, which is providing the newspaper delivery service in bigger cities, to Omniva.
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17.03.2022
Cybernetica sells its digital air traffic management tower technology to Adacel
TGS Baltic advised Cybernetica on selling their digital air traffic management tower technology to Adacel, a global leader in providing air traffic management technology and services.
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