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Deals and cases
Browse our deals and cases
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16.10.2018
TGS Baltic team successfully represented UAB Versina in an arbitration dispute with Atzwanger S.P.A.
TGS Baltic team successfully represented one of the largest construction services companies in Lithuania UAB Versina in arbitration proceedings under the Rules of Arbitration of the Vilnius Court of Commercial Arbitration in disputes with the Italian subcontractor Atzwanger S.P.A. regarding additional costs incurred by the latter.
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05.10.2018
TGS Baltic provided legal assistance to the 51% majority shareholders of SIA S.B.C. in sale of their shares to the minority shareholder the Norwegian company Contiga Holding AS
TGS Baltic provided legal assistance to the 51% majority shareholders of one of the largest producers and largest exporter of steelwork and constructions SIA S.
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04.10.2018
Advising Posti on Estonian law aspects during the acquisition of Transval
TGS Baltic’s M&A team led by partner Kadri Kallas advised Posti, the leading postal and logistics service company in Finland, on Estonian contract law and employment law aspects regarding acquiring the in-house logistics company Suomen Transval Group. The transaction is subject to the approval of the Finnish Competition and Consumer Authority.
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04.10.2018
We prepared The Pharma Legal Handbook of the Baltics
We have prepared The Pharma Legal Handbook: Baltics, which answers essential questions about the legal and regulatory environment for pharmaceuticals in Estonia, Latvia and Lithuania.
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03.10.2018
TGS Baltic advised Poland investment fund and fund manager CVI regarding “unitranche” funding to “Arsenal Industrial”
Latvian construction machinery rental and trade company “Arsenal Industrial” have signed a deal for attracting 5.2 million euro bonds with the largest Central and Eastern European private debt fund manager CVI. The funding is attracted for the further growth of “Arsenal Industrial” in the Baltic and Polish markets.
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11.09.2018
TGS Baltic advised MAXIMA GRUPĖ, UAB in placement of the largest note issue by a private equity company in the Baltic States
TGS Baltic advised MAXIMA GRUPĖ, UAB in approval of EUR 1 billion medium-term note program and making a note issue of EUR 300 million according to it. The subscribed notes will soon be admitted to trading on the Irish stock exchange (Euronext Dublin) and AB Nasdaq Vilnius. That is the largest note issue by a private equity company in the Baltic States.
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11.09.2018
Assisting IK Investment Partners in the acquisition of Katsastus Group’s operations
IK Investment Partners acquired the shares of vehicle inspection companies A-Ülevaatus OÜ in Estonia, SIA Scantest in Latvia, A-Katsastus AB in Sweden and Autotest Polska Sp. Z o.o. in Poland (“the Group”) from A-Katsastus Group Oy, one of the leading European companies providing vehicle inspection, trade-in inspection and registration services.
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06.09.2018
TGS Baltic team has prepared a Study on Minority Shareholder Protection for the European Commission DG Justice and Consumers
The TGS Baltic team has prepared a remarkable study on Minority Shareholder Protection.
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04.09.2018
TGS Baltic Public Procurement team advised and defended a client in a unique dispute regarding the supplier ‘self-cleaning’ process
TGS Baltic Associate Partner Karolis Smaliukas and TGS Baltic Public Procurement practice team successfully represented a client in one of the first judicial disputes in Lithuania regarding the practical application of the supplier ‘self-cleaning’ doctrine.
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02.09.2018
TGS Baltic has advised AB Novaturas
TGS Baltic has advised AB Novaturas and its shareholders in restructuring the corporate governance structure of the company (e.g. creating Supervisory Council, Audit, Nomination and Remuneration Committees, concluding the necessary internal rules and procedures, related to securities regulations, etc.) in order to create the corporate governance regime as of the listed company.
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30.08.2018
Advising Elering in signing 60MEUR agreements for building Balticconnector compressor stations
The firm advised Estonian electricity and gas system operator Elering in entering into contracts worth approximately 60 million euros for the construction of the Paldiski compressor station serving the Estonia-Finland Balticconnector gas link and the Puiatu compressor station serving the Estonia-Latvia connection.
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30.08.2018
TGS Baltic advised AUGA group, AB
TGS Baltic advised AUGA group, AB and its largest shareholder Baltic Champs Group, UAB, in implementing a secondary public offering (SPO) of shares of the company in Lithuania, as well as admitting new shares to trading on Polish and Lithuanian markets (on the Warsaw Stock Exchange and AB Nasdaq Vilnius), and transferring all its shares from the Additional Trading List to the Official Trading List.
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24.08.2018
TGS Baltic advised AUGA group, AB in successfully implementing the largest public secondary stock in Lithuania
TGS Baltic advised AUGA group, AB and its largest shareholder, Baltic Champs Group, UAB, in implementing a secondary public offering (SPO) of shares in the company in Lithuania, also in admitting the new shares to trading on the Polish and Lithuanian regulated markets (on the Warsaw Stock Exchange and AB Nasdaq Vilnius), and transferring all its shares from the Additional Trading List to the Official Trading List.
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21.08.2018
Advising Ermitažas in acquiring Bauhof
TGS Baltic advised UAB Ermitažas, a major Lithuanian chain offering finishing goods, gardening items, and construction materials, in the acquisition of the Estonian company Bauhof, which is a leader in the same sector. After the acquisition UAB Ermitažas became the third largest merchant of construction materials and household items in the Baltics.
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21.08.2018
TGS Baltic advised LitCapital in the acquisition of Audimas’ stake
TGS Baltic Associate Partner Aurimas Pauliukevičius has advised the client on all transaction-related issues from the conclusion of a letter of intent to the successful closing of the acquisition.
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20.08.2018
TGS Baltic advised Livonia Partners in the acquisition of UAB Freor LT’s stake
TGS Baltic advised Livonia Partners, a private equity investment firm, in the acquisition of a 33% stake in UAB Freor LT from Mezzanine Management.
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06.08.2018
TGS Baltic represented UAB Ecoservice in acquiring a controlling interest in UAB Marijampolės švara
TGS Baltic represented UAB Ecoservice, a waste management company, in the transaction with UAB ALGA on the acquisition of a controlling interest in UAB Marijampolės švara. After the closing, UAB Ecoservice has acquired 66.31% of the shares in UAB Marijampolės švara. The remaining shares are held by the Marijampolė Municipality and a natural person.
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30.07.2018
TGS Baltic advised TBF Finance on obtaining a payment institution license from the Bank of Lithuania
On 24 July 2018, TBF Finance, UAB received a license allowing issuance and acquiring of payment instruments. TBF Finance service allows, among other things, eCommerce merchants to accept any kinds of online payments via credit cards and by the foremost popular electronic payment systems. For more information on TBF Finance, see https://tbffinance.com.
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24.07.2018
TGS Baltic advised UAB Medicinos bankas in approving the bond programme of up to EUR 10 million and placing the first over EUR 2.2 million emission under the programme
TGS Baltic advised UAB Medicinos bankas in approving the subordinated bond programme of up to EUR 10 million and placing the first over EUR 2.2 million bond emission under the programme. In the beginning of August, the placed bonds must also be admitted to trading on AB Nasdaq Vilnius. UAB FMĮ Orion securities acted as the bank’s intermediary for placement of the issue.
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19.07.2018
TGS Baltic advised AviaAM Leasing and its shareholders on delisting the company shares from the trading on the Warsaw Stock Exchange
TGS Baltic advised AB AviaAM Leasing and its certain shareholders on delisting the shares of the company from the trading on the regulated market on the Warsaw Stock Exchange. This is the first case of this kind when the shares of a Lithuanian issuer whose shares are traded on a foreign regulated market are delisted from it.
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