Deals and cases
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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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16.07.2021
We advised Nõo Lihatööstus on repurchase of 29% holding
TGS Baltic’s partners Leonid Tolstov, Kadri Kallas, Helmut Pikmets and associate Maris Vutt advised Nõo Lihatööstus – Estonia’s largest enterprise operated with local capital – on the repurchase of a 29% holding from a competitor with whom they have been engaged in several disputes over the years.
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01.07.2021
We advised BaltCap in its exit from the leading Estonian waste management company AS Eesti Keskkonnateenused.
TGS Baltic advised BaltCap, the largest private equity fund manager in the Baltic states, in its exit from the leading Estonian waste management company AS Eesti Keskkonnateenused.
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10.05.2021
We advised FitSphere on raising seed-round investment from various investors
TGS Baltic drafted the relevant transaction documents and advised the client on the whole process from negotiating the shareholders’ agreement with the lead investor to finalising the capital raising.
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02.04.2021
TGS Baltic represented Hostinger and its shareholders in attracting an international investor which acquired more than 30 % of shares
We advised Lithuania-based Hostinger International, the world’s fastest growing web hosting company, and its shareholders, in attracting international investors.
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04.05.2020
TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in issuance of two issues of Eurobonds for a record amount of EUR 2 billion
TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in structuring and issuing two issues of Eurobonds for the total value of EUR 2 billion.
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28.04.2020
TGS Baltic advised Šiaulių bankas on its 20 MEUR bond listing on Nasdaq Vilnius
TGS Baltic advised Šiaulių bankas on listing on Debt Securities List of Nasdaq Vilnius non-publicly issued 20 MEUR of subordinated bonds, which will soon be admitted to trading on this regulated market.
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09.04.2020
TGS Baltic advised a producer of precast concrete products AS Framm on the acquisition of AS Lasbet Tootmine, an undertaking operating in the same field
With the help of TGS Baltic team, a producer of concrete elements and products AS Framm entered into a transaction by which it acquired an undertaking operating in the same field AS Lasbet Tootmine, making AS Framm the largest producer of concrete elements and products in Estonia.
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01.04.2020
TGS Baltic advised Viada LT, the biggest chain of gas stations in Lithuania, in making a public offering of bonds
TGS Baltic advised Viada LT in making the issue of bonds for over EUR 1 million. The subscribed bonds are soon to be admitted to trading on the alternative stock exchange First North.
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05.09.2019
TGS Baltic advised Naspers Ltd with regard to an investment into UAB Dappradar
TGS Baltic advised Naspers Ltd, a global internet group and one of the largest technology investors in the world, with regard to an investment into UAB Dappradar, offering a platform for distribution and analysis of decentralised apps. The company raised funding in the amount of EUR 2.33 million. It is the largest investment in the Baltics raised during the seed round phase.
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30.07.2019
TGS Baltic advised AB Avia Solutions Group in its merger to a company in Cyprus
Vidmantas Drizga, a Partner at TGS Baltic, the head of the Manufacturing Industry Group, and his team advised AB Avia Solutions Group in its cross-border merger to a subsidiary in Cyprus.
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01.07.2019
TGS Baltic assisted LitCapital and Asgaard to sell shares of Baltik Vairas
TGS Baltic advised private equity fund LitCapital and Danish investment company Asgaard A/S in selling 100% of shares in Baltic Bicycle Trade, a company controlling Baltik vairas, a bicycle manufacturer in Šiauliai.
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28.06.2019
TGS Baltic advised Usaldusfond BaltCap Infrastructure Fund (BaltCap infrastructure management OU)
TGS Baltic advised Usaldusfond BaltCap Infrastructure Fund (BaltCap infrastructure management OU) (hereinafter - BaltCap) regarding corporate and commercial issues related to structuring strategy for participation in multiple public and private partnership projects (total CAPEX value approx. EUR 15 mln) involving foreign partners. Assistance of TGS Baltic included drafting all documents for the selection contests and for the cooperation between projects team (SPV as a bidder, foreign partners, contractors and service providers). TGS Baltic represented the cient in all selection procedures of these public and private partnership projects before the awarding entities.
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06.06.2019
TGS Baltic advised KŪB Koinvesticinis Fondas on investment in artificial intelligence start-up Attention Insight
TGS Baltic advised KŪB Koinvesticinis Fondas which together with the Lithuanian Business Angel Network (LitBAN) and venture capital fund Open Circle Capital invested EUR 200,000 in the artificial intelligence start-up Attention Insight, the developer of a product intended for the mass media.
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20.05.2019
Transfer of Vilnius City heating infrastructure
In 2002, AB Vilniaus Šilumos Tinklai leased the heat and electricity production infrastructure of Vilnius City to UAB Vilniaus Energija for a period of 15 years. The leased infrastructure consisted of several power plants and all supporting infrastructure.
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20.05.2019
TGS Baltic represents the clients in the ongoing dispute against UAB Litesko
In 2001, the Alytus City Municipality and company controlled by it UAB Alytaus šilumos tinklai leased the heat production infrastructure of Alytus city to UAB Litesko for a period of 15 years and assigned the heat and hot water supply activity in the respective territory to the lessee. In 2005, the parties agreed to extend the lease agreements for ten years, i.e. for the period until 2026. In 2007, the parties agreed on additional investments into a biofuel plant.
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20.05.2019
TGS Baltic advises EPSO-G on main corporate governance matters
EPSO-G is a state-owned holding company for Lithuanian gas TSO (Ambergrid) and electricity TSO (LITGRID). EPSO-G, in accordance with the goals laid down in the National Energy Independence Strategy and in other legal acts, implements strategic tasks of developing the country’s gas and electricity infrastructure, integrating it into EU energy markets, and seeks to implement the goals of the Energy Union.
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15.05.2019
TGS Baltic advised VPA Logistics
TGS Baltic advised the client on the matters related to employees’ representation system after a branch of the industrial trade union was established in the company. Our advice included the provision of a proposal on how to help the staff of the company to decide on the representation model (establishment of the work council v. trade union).
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15.05.2019
Advising and representing a client and its CEO and 50% shareholder in a number of civil cases
TGS Baltic is advising and representing a client as well as its CEO and 50% shareholder in a number of civil cases initiated by the other 50% shareholder. They include a case regarding unfair competition and protection of the company’s confidential information, a case regarding the buy-out of shares, a case for damages, a case for examination of the company’s activities, etc.