Dalia Tamašauskaitė-Žilienė

TGS Baltic advised Civinity on the acquisition of the Inservis Group  

We 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.

TGS Baltic advised on the largest healthcare clinic merger in Lithuania

TGS Baltic represented InMedica and its shareholders INVL Baltic Sea Growth Fund, one of the largest Baltic private equity funds, and UAB Litgaja, the holding company of Mr. Kęstutis Broniukaitis, the founder and the CEO of InMedica, on merging the leading Lithuanian private medical chains InMedica and MediCA Group. This is the largest transaction in Lithuanian healthcare sector to date.

TGS Baltic advised Green Genius, one of Europe's leading renewable energy companies, on acquiring a 85-MW wind farm in Lithuania

Our client Green Genius, an international renewable energy company, has signed an agreement to purchase 100% of the shares in the company having rights to develop85 MW wind farm in Lithuania. 

TGS Baltic advised InMedica on acquiring a plastic surgery centre in Kaunas

We advised the chain of medical clinics InMedica on the acquisition of a private Saulius Vikšraitis' Plastic Surgery Center in Kaunas, which provides plastic and reconstructive surgery services.

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.

TGS Baltic advised SPV 31, a company belonging to the Civinity group of companies, on the acquisition of 4 facilities management group companies from Invalda INVL, one of the largest asset management groups in the Baltic States

We advised SPV 31, a company belonging to the Civinity group of companies, on the acquisition of 4 (four) facilities management group companies: UAB Inservis owned by Invalda INVL, as well as UAB Priemiestis, UAB Jurita and SIA Inservis (Latvia), owned by UAB įmonių grupė Inservis, a company controlled by Invalda INVL.

TGS Baltic advised CoInvest Capital on its investment into Funkciniai Gėrimai

TGS Baltic advised the venture capital fund CoInvest Capital on its second investment into Lithuanian start-up, Funkciniai gėrimai. Together with seven business angels, CoInvest Capital invested EUR 600 000 EUR.

TGS Baltic advised CoInvest Capital on their investment in Cogastro, the world's first insect farm software company

TGS Baltic advised the venture capital fund CoInvest Capital, which together with Syndicate formed by members of the Lithuanian Business Angels Network (LitBAN) invested 500 000 EUR in startup Cogastro.

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.

TGS Baltic advised shareholders on the sale of the startup LastMile to Iki, one of the largest retail companies in Lithuania 

We are pleased to have advised LastMile shareholders on the sale of the online retailer-startup LastMile to Iki, one of the largest retail companies in Lithuania.

TGS Baltic advised BaltCap on selling the shares of Ecoservice to Eco Baltia

TGS Baltic advised BaltCap on selling the Ecoservice shares to Eco Baltia, the largest environmental and waste management group in the Baltics, backed by private equity fund INVL Baltic Sea Growth Fund and European Bank for the Reconstruction and Development.

TGS Baltic advised Coinvest Capital on investing in Mindletic, mental health promotion program

TGS Baltic team acted as a legal advisor to CoInvest Capital on investing in Mindletic, mental health promotion program. Together with other investors and 7 business angels CoInvest Capital invested EUR 500 000.

TGS Baltic advised the sellers on the sale of ritual services company Ritualas and the biggest funeral home in Lithuania

Our team advised the client on the sale of ritual services company Ritualas and the biggest funeral home in Lithuania to Re Verum group.

TGS Baltic advised Maxima Group on transforming the structure of the group

We are pleased to have advised the largest retail group in the Baltics Maxima Group on transforming the structure of the group.

TGS Baltic advised Ignitis Group and Litgrid on selling the shares of Duomenų logistikos centras

We assisted an international energy company Ignitis Group and Lithuania‘s transmission system operator Litgrid on sale of Duomenų logistikos centras (DLC) shares to Quaero European Infrastructure Fund II (QEIF II), an infrastructure investment fund managed by Quaero Capital. According to the share sale agreement Ignitis Group will sell 79.64%, Litgrid – 20.36% of their shares in DLC. The total value of the transaction is EUR 10.1 million.

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.

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 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 – 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 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 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.

TGS Baltic advised KŪB Koinvesticinis fondas on investment into the innovative start-up MOREmins Ltd.

Koinvesticinis Fondas and 5 other angel investors have invested €750,000 in the start-up which have already enabled 8 countries to make much cheaper calls to mobile or landline phones of subscribers in other countries.

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.

TGS Baltic advised Dutch company Factris in acquisition of UAB Debitum fori

TGS Baltic advised Dutch factoring company Factris in acquiring Lithuanian invoice financing company UAB Debitum fori. The transaction resulted in the acquisition of 100% of shares in UAB Debitum fori operating under the trade name Debifo.

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.

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.

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.

TGS Baltic advised Koinvesticinis fondas on more than one-third-million-euro investment

TGS Baltic advised KŪB Koinvesticinis fondas on investments exceeding EUR 300,000 in a successful start-up, Millo Appliances. Koinvesticinis fondas with other business companies and business angels overall invested more than EUR 450,000.

TGS Baltic represented Fonterra in acquiring 10% of Rokiškio sūris shares

The TGS Baltic team represented Fonterra, a global dairy company from New Zealand, in acquiring 10% of shares in Rokiškio sūris for EUR 7.1 million and becoming a strategic investor.

Advised JS Hamilton Poland (Enterprise Investors)

Advised JS Hamilton Poland (Enterprise Investors) on the acquisition of shares in cargo supervision and inspection company Sekargas ir kompanija, UAB.

Advised Lietuvos geležinkeliai (Lithuanian railways)

Advised Lietuvos geležinkeliai, AB (Lithuanian railways) on corporate and public procurement issues related to implementation of the Rail Baltica Global Project, part of which is to develop the missing high-quality physical infrastructure and logistical railway connections for passenger and freight transport between Finland, the Baltic States and other EU countries.

Acted as a legal adviser to the state enterprise Lithuanian Airports

Acted as a legal adviser to the state enterprise Lithuanian Airports on a number of complex public procurement matters relating to the development of infrastructure projects, as well as other corporate and commercial matters, including a study in preparation for airport concession, change of legal form, payments to the Civil Aviation Authority.

Provided legal services to Lietuvos dujos

Provided legal services to Lietuvos dujos, AB, Lithuanian operator of natural gas transmission and distribution systems and major supplier, on implementing the requirements of the EU Third Energy Package in Lithuania both in the process of adoption of national legislation and its amendments and in the process of actual unbundling of transmission, distribution and supply activities. 

Continuously advising a co-investment fund

Continuously advising a co-investment fund which together with other private investors coinvests in start-ups and private Lithuanian companies developing their business. The fund is financed by EU and State funds

Advised Fuchs Petrolub SE

Advised Fuchs Petrolub SE, an international manufacturer of lubricants and greases, on the acquisition of Statoil Fuel & Retail Lubricants business in Estonia, Latvia, and Lithuania.

Advised Lietuvos energija

Advised Lietuvos energija, UAB on the creation of a joint venture with Fortum, UAB for construction and operation of a combined heat and power plant (project value EUR 147 million).

Advised Swedbank on the acquisition of Danske Bank personal banking business

Advised the Scandinavian financial group Swedbank on the acquisition of Danske Bank personal banking business in Lithuania and Latvia (loan portfolio value c. EUR 600 million), as well as on the subsequent acquisition of a pension fund management company from Danske Bank and its merger with a Swedbank pension fund management company (EUR 2.2 million).