Deals and cases
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28.02.2022
TGS Baltic Assisted INVL Baltic Sea Growth Fund With Its Acquisition of Latvian Cosmetics Producer B2Y.
On 9 February 2022, INVL Baltic Sea Growth Fund, one of the largest private equity investment funds in the Baltic region, completed the acquisition of a 100 percent stake in B2Y, a growing personal care products and cosmetics producer headquartered in Latvia. B2Y will continue to be led by its founder and CEO Rita Lagzdiņa.
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15.02.2022
TGS Baltic advised Green Genius, one of Europe's leading renewable energy companies, on acquiring a 85-MW wind farm in Lithuania
Our client Green Genius, an international renewable energy company, has signed an agreement to purchase 100% of the shares in the company having rights to develop85 MW wind farm in Lithuania.
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10.02.2022
TGS Baltic has acted as the leading legal advisor for Euroapotheca in EUR 700 M transaction
TGS Baltic has advised Euroapotheca, UAB in joint venture with Oriola Corporation, which will be a merger of the Swedish pharmacy businesses of both the parties: Euroapotheca’s Apoteksgruppen and Oriola’s Kronans Apotek. The transaction will create the third largest pharmacy chain in Sweden.
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01.02.2022
TGS Baltic advised BaltCap on the sale of BPT Real Estate, one of the largest property management companies in the Baltics, to Newsec
TGS Baltic advised BaltCap, the largest private equity investor in the Baltic region, selling one of the largest property management companies in the Baltics – BPT Real Estate.
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10.01.2022
TGS Baltic advised InMedica on acquiring a plastic surgery centre in Kaunas
We advised the chain of medical clinics InMedica on the acquisition of a private Saulius Vikšraitis' Plastic Surgery Center in Kaunas, which provides plastic and reconstructive surgery services.
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06.01.2022
TGS Baltic assisted OptiGroup with its acquisition by FSN Capital.
On 18 December 2021, FSN Capital VI signed an agreement to acquire OptiGroup and the Dutch company Hygas to create a European Group in the business-to-business distribution industry. FSN Capital VI will be the leading shareholder in the combined Group, and OptiGroup’s current shareholders, Altor Fund II, Triton II Fund and RoosGruppen AB will remain as minority owners. The transaction is expected to be finalised in the first quarter of 2022 subject to customary statutory approvals. The parties have agreed not to disclose the details of the transaction.
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05.01.2022
TGS Baltic advised SPV 31, a company belonging to the Civinity group of companies, on the acquisition of 4 facilities management group companies from Invalda INVL, one of the largest asset management groups in the Baltic States
We advised SPV 31, a company belonging to the Civinity group of companies, on the acquisition of 4 (four) facilities management group companies: UAB Inservis owned by Invalda INVL, as well as UAB Priemiestis, UAB Jurita and SIA Inservis (Latvia), owned by UAB įmonių grupė Inservis, a company controlled by Invalda INVL.
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04.01.2022
TGS Baltic advised Tet on acquisition of shares of Telia Latvia
On 4 January 2022, the technology and entertainment company 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 Tet becoming the sole participant of SIA Telia Latvija, a merger permit from the market supervisor – the Competition Council – is required. The transaction amounts to EUR 10.75 million, including the refinancing of Telia Company loan.
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17.12.2021
TGS Baltic advised the shareholders of Medicinos Bankas on the sale of 100% of the bank’s shares
We advised Konstantinas Karosas and Western Petroleum Limited, the shareholders of Medicinos bankas on the sale of 100% of the bank’s shares to the purchaser AAA Capital.
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08.12.2021
TGS Baltic advised Naujoji Ringuva and Spodrība in joining forces and setting up a leader in the Baltic region
A new leader in the development of cleaning products in the Baltic region.
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26.11.2021
TGS Baltic assisted Green Gateway Fund L.P. / Wermuth Asset Management GmbH with its exit from the producer of concrete floors and foundations for industrial objects Primekss group in which the fund had made a capital investment and provided financing in 2014.
TGS Baltic assisted Green Gateway Fund L.P. / Wermuth Asset Management GmbH with exit from Primekss Group, the producer of concrete floors for buildings, logistics centres, shopping malls, DIY stores and foundations of buildings, in which the fund had made a capital investment and provided financing in the amount of EUR 10 million in 2014.
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29.10.2021
TGS Baltic assisted the shareholders of an international data technology company Squalio Group in sale of the shares of company to a leading global IT solutions and services provider Softline.
TGS Baltic assisted the shareholders of an international data technology company Squalio Group, in the following countries: Latvia, Lithuania, Belarus and Estonia, in sale of the shares of Squalio Group to a leading global IT solutions and services provider Softline with a focus on digital transformation, cloud and cybersecurity. Licensing business of Squalio Group represented 98% of its total revenue in 2020.
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27.10.2021
TGS Baltic advised Audimas, Lithuanian sports clothing manufacturer, on business separation and establishing a real estate management company
We advised Audimas, Lithuanian sportswear and outdoor clothing manufacturer, on separating manufacturing and trading companies and establishing a real estate management company.
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26.10.2021
TGS Baltic advised ALTUM Capital Fund on a EUR 10 million loan to hygiene product manufacturer iCotton.
TGS Baltic advised ALTUM Capital Fund on a loan of EUR 10 million to the eco-friendly hygiene product company iCotton, which employs 800 people at the group's plants in Latvia and Poland and had a turnover of EUR 80 million last year.
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20.09.2021
We advised LHV pension funds on acquiring a production building from Ensko Ensek AS
The purpose of the transaction was to grow the rental property portfolio of LHV pension funds, managed by LHV Asset Management, incl. to increase the percentage of storage and industrial area in the current property portfolio.
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10.09.2021
TGS Baltic advised Estateguru on raising series A round investment of EUR 5.8M
Founded in 2013, Estateguru is the leading Pan-European marketplace that facilitates property-backed loans for developers/SMEs and investment opportunities for their global investor base.
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09.09.2021
TGS Baltic advised the venture capital fund OTB Ventures as the lead investor in Fractory’s 7.5 MEUR Series A round
The transaction is the first investment of the venture capital fund OTB Ventures in Estonia and is also one of the largest early-stage capital raisings in Estonia. OTB Ventures operates mainly in Central and Eastern Europe and focuses on early-stage high-tech start-ups. With the investment, the start-up Fractory, which is developing a cloud-based metal work ordering platform, plans to grow its team and enter new markets in the USA, France, and Italy.
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15.08.2021
TGS Baltic advised Akropolis Group on signing the transaction to acquire one of the largest shopping centres in Riga - Alfa
TGS Baltic advised Akropolis Group, the leading company for the development and management of shopping and entertainment centres in the Baltic States, which acquired one of the largest shopping centres in Riga, Latvia – ALFA, with the total area of 154,000 sq. m.
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26.07.2021
We advised Merko Ehitus Eesti on acquisition of 35% holding in Connecto Eesti
TGS Baltic advised Merko Ehitus Eesti AS, the largest construction and property development company in Estonia, on the acquisition of a 35% holding in the company Connecto Eesti.
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23.07.2021
TGS Baltic advised Light Conversion on the sale of 25% of shares to 7-Industries
We advised the founders of Light Conversion, one of the world's leading manufacturers of femtosecond lasers, on the sale of 25% of shares to the Israeli based family office 7-Industries.
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