Deals and cases

TGS Baltic advised Šiaulių bankas on the acquisition of the retail loan portfolio of EUR 125 million

We advised Šiaulių bankas, country’s largest Lithuanian-capital bank, on the acquisition of the retail credit portfolio with a value of EUR 125 million. Most of the portfolio consists of the mortgage loans.

From 2018 to 2020, TGS Baltic provided legal assistance to several clients in large-scale money laundering cases

In 2018-2020, legal assistance was provided to several clients, including a credit institution of the Republic of Latvia, residents of the Republic of Latvia, and foreign countries (Ukraine, Moldova, Cyprus, British Virgin Islands, Azerbaijan, Portugal, etc.) – private individuals and legal entities in large-scale, up to several billion, money laundering cases.

TGS Baltic advised Veho on selling its subsidiary

TGS Baltic advised the largest car dealership in the Scandinavian and Baltic region Veho on selling its subsidiary Veho Eesti AS. In addition, we advised in the sale of two registered immovables where Veho car show rooms operate. Established in 1992, Veho Eesti was, until now, engaged in import of Citroën passenger cars and utility vehicles and retail sale of Honda.

TGS Baltic advised BaltCap on the acquisition of Lithuanian meat processing company Krekenavos agrofirma

TGS Baltic advised one of the largest private equity investor BaltCap on the acquisition of the Lithuanian meat processing company Krekenavos agrofirma. It is the first investment of BaltCap Private Equity Fund III (BPEF III) established by BaltCap earlier this year, which amounts to EUR 136 million.

AUGA group, AB continued success in capital markets – it finalised a public offering of green bonds

TGS Baltic advised AUGA group, AB in approval of the bond programme for up to EUR 60 million and issue of the first green bonds issue in the amount of EUR 20 million according to the programme. The issued bonds are soon to be admitted to trading on AB Nasdaq Vilnius.

It is the first instance of issuing green bonds by private equity companies in the Baltics. Also, according to value and the number of investors, it is one of the biggest issues on Nasdaq Baltic exchange.

TGS Baltic advised shareholders of MILVITEKA, Lithuanian market leader in manufacturing and installation of bulk handling solutions, on the company's sale to PRECIA MOLEN

On December 11, PRECIA MOLEN, France's industrial and commercial weighing leader, acquired 100% of UAB MILVITEKA. As it is stated in public disclosure, this acquisition will help to widen PRECIA MOLEN product and service range and will reinforce its presence in Russia, Scandinavia and Eastern European countries. The CEO of the company who was one of the shareholders before the acquisition will keep his position in MILVITEKA.

TGS Baltic advised Avia Solutions Group in structuring and issue of bonds for the nominal value of USD 300 million

TGS Baltic advised Avia Solutions Group in structuring and issue of 5-year bond issue for the nominal value of USD 300 million. The bonds will soon be admitted to trading on the Irish stock exchange. The bonds will yield 7.875 percent annual interest.

TGS Baltic provides legal assistance in money laundering matters

Legal assistance was provided both in the Prosecutor General's Office of the Republic of Latvia during contesting of the orders of the Financial Intelligence Unit regarding the freezing of funds and in the later stages of the case performing the necessary actions in criminal proceedings, including preparing explanations to justify the legality of frozen and seized funds.

TGS Baltic advised the shareholders of OÜ Eesti Digiraamatute Keskus in selling a majority shareholding to a leading Russian publisher OOO “LITRES”

TGS Baltic advised the shareholders of OÜ Eesti Digiraamatute Keskus in selling a majority shareholding in OÜ Eesti Digiraamatute Keskus to OOO “LITRES”, a leading Russian publisher as well as no. 1 ebook distributor and seller in Russia.

TGS Baltic advised Global Rubber Industries (Pvt) Ltd in purchasing the shares of Nortire OÜ

TGS Baltic advised Global Rubber Industries (Pvt) Ltd in purchasing the shares of Nortire OÜ, a leading distributor of speciality tires in the Baltics, Belarus and Western Russia.

TGS Baltic assisted Inspired, a leading global premium schools group, with entering into transaction with British schools group, King’s College.

TGS Baltic in co-operation with Baker McKenzie assisted Inspired, a leading global premium schools group, in the transaction whereunder King’s College, the premier British schools group, joined Inspired.

TGS Baltic – part of the largest office deal in the history of the Baltics worth EUR 156,1 m

Deka Immobilien, a German real estate manager, acquires from Norwegian Schage Eiendom AS the Quadrum BC in Vilnius, Lithuania. This sale represents the largest office transaction ever in the Baltic region and it is expected to close within about two months, subject to competition authority approval.

TGS Baltic provides legal assistance in the development of guidelines for anti-money laundering measures.

Taking into account the topicality of the issue of prevention of money laundering, development of money laundering prevention measures: guidelines, internal rules, procedures has been the object of clients' interest in 2019 - 2020. The attorneys of the law firm have developed risk assessment, policies, and procedures for financial institutions to prevent money laundering and terrorist and proliferation financing.

TGS Baltic assisted SIA Brain Games with the acquisition of Lithuania’s wholesaler and retailer of board games and toys UAB New Media Publishing

TGS Baltic assisted Latvia’s board games company SIA Brain Games with the acquisition of Lithuania’s wholesaler and retailer of board games and toys UAB New Media Publishing

TGS Baltic advised Klaipėdos Nafta in negotiations on changing financing mechanism for Klaipėda LNG terminal in Lithuania

On the 19th of September, the European Commission (EC) approved the modification of financing mechanism for Klaipėda liquefied natural gas (LNG) terminal in Lithuania.

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.

TGS BALTIC Latvia successfully represents leading Latvian hotel operator Mogotel (www.mogotel.com)

TGS Baltic successfully represented Mogotel www.mogotel.com, a Latvian hotel operator.

TGS Baltic assisted Bergs Timber AB on a refinancing transaction

TGS Baltic advised Bergs Timber AB group companies in Latvia – Vika Wood and Byko-Lat on Latvian law matters in relation to the group refinancing transaction with Danske Bank and Svensk Exportkredit of the senior term and revolving facilities with the total value of SEK 622,000,000 and EUR 12,000,000, where the Latvian companies acted as guarantors.

TGS Baltic advised on the transfer of UAB KS Investicija shares and on signing the biggest office space deal in the Baltics with UAB Tesonet