Filter information in our deals and cases database
Our team successfully represented the largest bank with Lithuanian capital – Šiaulių bankas – in an administrative case against the Bank of Lithuania regarding the fine imposed by the Bank of Lithuania.
MoreOur 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.
MoreTGS Baltic advised the venture capital fund Inventure on leading the financing round by which EUR 11.6 million was raised for the startup Jobbatical, which provides relocation and immigration services for international companies.
MoreThe TGS Baltic team advised Sulev Sisask, the majority shareholder of Ordi AS, one of the oldest IT hardware companies in Estonia, on the sale of shares to Klick Eesti AS, the process that lasted for two months was led by Sander Kärson, the managing partner at TGS Baltic.
MoreOn 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.
MoreTGS Baltic, representing the interests of the municipality of the city of Riga, has received a positive decision of the first instance court in the proceedings against SIA VELVE - a member of the “construction companies’ cartel”.
MoreTGS Baltic acted as local Estonian counsel and advised the client on all Estonian law matters, from negotiation and finalisation of the security package for Estonia until closing of the financing.
MoreTGS Baltic has successfully defended interests of its client Vilnius CHP and has won in the arbitration case against Polish boiler maker Rafako – the contractor was admitted to be at fault for delay in the biomass unit construction.
MoreTGS 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.
MoreTGS Baltic provided legal support to AS Latvenergo in the establishment of the joint venture SIA Latvijas vēja parki alongside AS Latvijas valsts meži. TGS Baltic drafted the shareholder’s agreement in this regard, as well as advised on matters related to competition law issues and management of state-owned commercial companies.
MoreTGS Baltic helped the real estate development company SIA City Development Company to sell four real estates in Avoti, the south-eastern part of the historical centre of Riga.
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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.
MoreTGS Baltic’s team assisted Snoras Bank’s insolvency administrator in reaching a settlement agreement with Swiss bank Julius Baer. The agreement which has been signed states that Julius Baer & Co Ltd will pay BAB Bankas Snoras EUR 105 million.
MoreValstybės investicinis kapitalas UAB issued EUR 25 million 5-year senior unsecured notes under the EUR 400 million Programme. The notes have a nominal value of EUR 1,000 and a yield of 2.826%.
MoreTGS 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.
MoreOn 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.
MoreAdvised EPSO-G, which was the first in the Baltics to issue sustainability bonds. The project is significant for the entire Baltic capital market, as the interest rate of the bonds was the first linked to compliance with ESG requirements.
MoreTGS 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.
MoreTogether with the international law firm Dentons, we advised the Republic of Lithuania on issuance of 10-year EUR 650 million bond issue in international capital markets. The issue will pay 2.125 percent annual interest.
MoreWe 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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