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Andra Rubene
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Andra Rubene

Partner, Head of M&A, Co-Head of Competition practice group
Riga, Latvia

Sources say Andra Rubene is one of the most experienced corporate and M&A experts in Latvia. She is named as “the first choice for competition law issues in Latvia” and recognized as having “an excellent grasp of IP, IT and telecoms issues”. Andra is characterised as “very hard working” and being “able to deliver and comply with extremely stringent deadlines on several occasions”. Clients appreciate her “warm personality and precise advice”.

Practices

Industries

  • About

    Andra Rubene is a Partner and the Head of the Latvian M&A, Corporate/Commercial and Data Protection law practice groups at TGS Baltic. Andra has outstanding expertise in M&A, Corporate/Commercial Law, Competition Law, Employment, Tax, and Personal Data Protection. Andra has over 19 years of legal services experience and is listed by all the best known international legal directories, like Legal 500, Chambers Europe and Chambers Global, ILFR1000, Best Lawyers International.

    International Financial Law Review IFLR1000, in its supplement Women Leaders, selected and announced 300 women lawyers from many jurisdictions, who are recognized to be the best in their markets or relevant practice areas. Andra Rubene was honored amongst them.

  • Major Projects
    • 13.10.2023

      TGS Baltic advised Hawesko on entering into a strategic partnership with the Dunker Group

      TGS Baltic represented the stock exchange listed premium wines trading group Hawesko who is entering into a strategic partnership with the Dunker Group, the leading wine and spirits wholesale trading group in the Baltics, and in this context is acquiring 50 percent of the shares in Dunker Group OÜ. 

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    • 09.01.2023

      TGS Baltic assisted BETHOC AB, Swedish hockey training aids seller, with acquiring the shares of SIA SPORT REVOLUTION, Latvian ice hockey, floorball, and field hockey training aids seller.

      On 20 December 2022, Swedish company BETHOC AB signed the transaction to acquire 100% shares of Latvian company SIA SPORT REVOLUTION from the previous shareholders of Latvian company SIA JLSR and SIA Xstunda, each owning 50% of the share capital of the company.

       

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    • 11.07.2022

      TGS Baltic represented the real estate development company SIA City Development Company in the land sale transaction to ESTMAK CAPITAL OÜ group company SIA Riga Properties 3.

      TGS 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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    • 27.06.2022

      TGS 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.

      TGS 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.

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    • 21.06.2022

      TGS Baltic assisted SIA Tet in acquisition of 100% of the shares of SIA Telia Latvija and obtaining permission from the Latvian Competition Council.

      On 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.

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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 (“the 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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    • 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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    • 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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    • 15.11.2021

      TGS Baltic and Vinge assisted Swedish private equity company Helix Kapital with investment in the international sports media agency Spring Media, which simultaneously merged with Future Sports Agency.

      TGS Baltic in cooperation with Vinge assisted Swedish private equity company Helix Kapital with investment in the international sports media agency Spring Media, which simultaneously merged with Future Sports Agency to strengthen its leading position on the Nordic sport-media market and accelerate international expansion.

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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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    • 28.05.2021

      TGS Baltic advised Akropolis Group on EUR 300 million Eurobond issue

      We advised Akropolis Group, the leading shopping and entertainment centre development and management company in the Baltic States, on EUR 300 million Eurobond issue.

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    • 20.05.2021

      TGS Baltic in cooperation with Vinge assisted Lagercrantz Group (publ) (Sweden) in the acquisition of shares from Libra-Plast (Norway) having group companies in Latvia.

      TGS Baltic and Vinge assisted Lagercrantz Group AB (publ) (Norway), a technology group company listed in Stockholm Stock Exchange, in acquiring 75% of the shares in the Norwegian company Libra‑Plast AS (https://www.libra.no/). TGS Baltic ensured all the necessary transactional support with respect to Libra-Plast group companies in Latvia – Libra Plast SIA and Lanos SIA.

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    • 17.02.2021

      TGS Baltic assisted Overkill Ventures with its investments into and exit from US company AXDRAFT

      TGS Baltic assisted limited partnership Overkill Ventures Fund I AIF managed by SIA Overkill Ventures AIFP with its investments into and exit from US company AXDRAFT Inc. / Latvian company AXDRAFT SIA.

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    • 07.01.2021

      TGS Baltic represented SIA "GLD Company" in a real estate sale transaction in Mārupe

      TGS Baltic represented SIA "GLD Company" in a real estate sale transaction in Mārupe – one of the most demanded building districts near Riga, capital of Latvia.

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    • 29.10.2020

      TGS Baltic Latvia and Estonia provided legal support to joint global co-ordinators and joint bookrunners with respect to IPO of 20,000,000 shares of AB “Ignitis grupė”, as part of which EUR 450 million were raised.

      TGS Baltic Latvia and Estonia provided legal support to joint global co-ordinators and joint bookrunners with respect to the initial public offering (IPO) of 20,000,000 shares of AB “Ignitis grupė”, a leading utility and renewable energy company in the Baltics, as part of which the company raised capital in the amount of 450 million euros.

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    • 28.10.2020

      TGS Baltic represented SIA Tepix by selling its carpet rental service business to SIA Lindstrom

      TGS Baltic represented Latvian carpet rental service provider SIA Tepix by selling its carpet rental service business to SIA Lindstrom, a part of the leading European textile services group – Lindström Group.

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    • 21.10.2019

      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.

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    • 24.09.2019

      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

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    • 16.04.2019

      TGS Baltic assisted with the opening of one of the largest malls in the Baltics – Akropole

      On 4 April 2019, one of the largest, most contemporary and technologically advanced shopping and leisure malls in Latvia - Akropole opened its doors.

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    • 07.02.2019

      TGS Baltic assisted LMT GROUP AB (Sweden) with acquisition of a number of PLM Group companies in Latvia and Estonia.

      TGS Baltic assisted Bengt Svante Liljedahl company LMT GROUP AB (Sweden) with closing of acquisition of PLM Group companies in Latvia, Estonia, Sweden, Denmark, Finland, Norway, and Iceland.

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    • 07.02.2019

      Advising Proplastik on selling its business to Vink Group

      TGS Baltic’s cross-border M&A team led by partner Sander Kärson advised the owners of Proplastik in Estonia, Latvia and Lithuania in selling their business to Europe's largest plastic wholesaler Vink Group.

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    • 30.01.2019

      TGS Baltic helps Polish Fund obtain clearance for merger with Morele.net. Sp.z.o.o.

      The fund registered in Poland MCI.PrivateVentures Fundusz Inwestycyjny Zamknięty with sub-fund MCI.TechVentures 1.0 was assisted by TGS Baltic team with obtaining of merger permit of the Latvian Competition Council to acquire sole control over company Morele.net Sp. z o.o.

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    • 06.01.2019

      TGS Baltic assisted Belgian investment group Straco

      TGS Baltic, working alongside Clifford Chance Belgium office, assisted Belgian investment group Straco with the acquisition of the horticulture company AS Greenyard Horticulture Latvia as a part of acquisition of the horticulture segment from Greenyard in Belgium, France, Poland, Ukraine, and Latvia.

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    • 02.01.2019

      TGS Baltic assisted AS Augstsprieguma tīkls with obtaining of the merger clearance by the Latvian Competition Council for potential acquisition of a decisive influence over AS Conexus Baltic Grid

      According to the merger notification received by the Latvian Competition Council, since 1 January 2018, AS Augstsprieguma tīkls owns the majority of votes in the decision-making bodies of AS Conexus Baltic Grid.

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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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    • 26.04.2018

      Advising Bergs Timber in acquiring Norvik’s operations in the Baltics and the United Kingdom

      TGS Baltic’s cross-border M&A team led by partner Kadri Kallas advised Swedish Bergs Timber AB (publ) in acquiring Vika Wood and Byko-lat (Latvia), EWP AS and Laesti AS (Estonia) and Norvik Shipping (United Kingdom) from Icelandic Norvik hf.

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    • 29.12.2017

      TGS Baltic represented Credit Value Investments in investing EUR 11 million in Civinity bonds

      TGS Baltic represented Credit Value Investments and funds managed by it in investing in bonds of AB Civinity, by structuring the bond issue and creating the issuer’s related necessary instruments for ensuring the performance of obligations.

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    • 11.09.2017

      TGS Baltic assisted BENU Aptieka Latvija SIA with acquisition of 100% of share of SIA Cēsu Vecpilsētas Aptieka

      Andra Rubene, Attorney at Law, Partner, and Rūdolfs Vilsons, Associate at TGS Baltic assisted BENU Aptieka Latvija SIA, one of the leading retail of medicines chains in the Baltics, with acquisition of 100% shares SIA Cēsu Vecpilsētas Aptieka, a pharmacy in Cēsis, Latvia from a number of private persons, thereby expanding Benu network of more than 66 pharmacies in Latvia.

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    • 13.03.2017

      Advising 20% shareholder of SIA VUDLANDE on buy-out of 80% shareholder of the company - Latvian Timber Ltd. (UK)

      TGS Baltic’s M&A team assisted 20% shareholder of SIA VUDLANDE (LV) with buy-out of 80% shareholder of the company - Latvian Timber Ltd. (UK), obtaining 100% shares of SIA VUDLANDE as the result of the transaction.

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  • CV

    Professional career

    Since 2012
    Partner, law firm TGS Baltic
    Since 2009
    Senior Associate, law firm TGS Baltic
    2005 – 2009
    Senior Associate, law firm Loze, Grunte & Cers
    2003 – 2005
    Senior Associate, law firm Grunte & Cers
    2002 – 2003
    Associate, law firm Grunte & Cers
    1999 – 2002
    Legal Assistant, law firm Grunte & Cers

    Education

    2006
    Riga Graduate School of Law, Master of Law
    2003
    University of Latvia, Department of Law, Master of Law
    1999
    Latvian Academy of Arts, Bachelor degree

    Memberships

    2013
    Representative of the Latvian Bar Association in the Commercial law drafting working group
    2002
    Latvian Bar Association
  • Publications