Marius Matonis

BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange by acquiring Xpediator

BaltCap was advised by TGS Baltic in completing the transaction to acquire Xpediator Plc.

PPMI joins Kantar Public!

TGS Baltic provided advisory services to PPMI for its successful acquisition by Kantar Public.

TGS Baltic advised Livonia Partners on investment in the fast-growing sustainability innovator Bagfactory

Pan-Baltic private equity fund Livonia Partners invests in Lithuanian eco-friendly machine-made reusable and paper bag producer Bagfactory. The transaction is anticipated to conclude by the beginning of this summer.

TGS Baltic advised investment funds managed by BaltCap, the largest private equity firm in the Baltic States

Our team advised investment funds managed by BaltCap, the largest private equity firm in the Baltic States, in the take-private acquisition of London Stock Exchange FTSE AIM listed company Xpediator plc., an integrated freight management business. 

Biggest deal in Baltics: TGS Baltic advised the buyer in the acquisition EECP Retail Properties II and III

TGS Baltic advised G.L.G. Projektai (which is owned by NDX Group and Galio Group) in the acquisition of 100% of the shares of EECP Retail Properties II and EECP Retail Properties III. The target companies operate 17 retail stores spread across 12 Lithuanian cities.

TGS Baltic advised the seller in the transaction to sell the shares of KickerTech to Betsson, one of the largest companies within the European iGaming industry

Our team advised the client, B2B sportsbook business, on the sale of 80 percent of the shares. The buyer is Betsson, one of the leading players in the gaming industry.

TGS Baltic advised the shareholders of Kilo Health in the sale of minor part of company shares to Scandinavian and Estonian funds

TGS 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.

TGS Baltic advised founders of the space company NanoAvionics in the sale of a controlling stake to Norwegian company Kongsberg Defense & Aerospace

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.

Snoras bank's insolvency administrator has signed a 105-million-euro settlement agreement with the Swiss bank Julius Baer

TGS 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.

TGS Baltic team advised Tesonet in closing investment to Žalgiris group

Our team advised Tesonet on acquiring 25% stake in BC Zalgiris Kaunas.

TGS Baltic advised Nord Security on becoming the second Lithuanian unicorn

Nord Security, the startup behind the leading VPN product, NordVPN, became the second Lithuanian unicorn after raising its first money, $100 million at a $1.6 billion valuation.

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 has acted as the leading legal advisor for Euroapotheca in EUR 700 M transaction

TGS Baltic has advised Euroapotheca, UAB in joint venture with Oriola Corporation, which will be a merger of the Swedish pharmacy businesses of both the parties: Euroapotheca’s Apoteksgruppen and Oriola’s Kronans Apotek. The transaction will create the third largest pharmacy chain in Sweden.

TGS Baltic advised BaltCap on the sale of BPT Real Estate, one of the largest property management companies in the Baltics, to Newsec

TGS Baltic advised BaltCap, the largest private equity investor in the Baltic region, selling one of the largest property management companies in the Baltics – BPT Real Estate.

TGS Baltic advised Tesonet Accelerator on its investment in Yours App, an all-rounder wellness app for the modern world

TGS Baltic team advised Tesonet Accelerator, an international cybersecurity company and startup accelerator, on its investment in Yours App, an innovative UK-based wellness startup.

TGS Baltic advised Naujoji Ringuva and Spodrība in joining forces and setting up a leader in the Baltic region

A new leader in the development of cleaning products in the Baltic region. 

TGS Baltic advised Whatagraph, one of the leading marketing start-ups, attracting EUR 6,2 mln. investment

TGS Baltic advised Whatagraph, a leading marketing performance monitoring and reporting platform, attracting EUR 6.2 mln. investment in Series A.

TGS Baltic advised Light Conversion on the sale of 25% of shares to 7-Industries

We advised the founders of Light Conversion, one of the world's leading manufacturers of femtosecond lasers, on the sale of 25% of shares to the Israeli based family office 7-Industries.

Advising on the establishment of Unicorns LT, an association representing Lithuania’s leading startups

TGS Baltic acted as a legal advisor to Lithuania‘s largest startups Vinted / Kleiderkreisel, Hostinger International, Kilo Health, Tesonet, BoredPanda, Omnisend, and Tech Zity, who teamed up to establish Vienaragiai LT / Unicorns LT, an association aimed to join forces in order to strengthen the ecosystem of Lithuanian startups.

TGS Baltic advised founders of Strive, a North America focused technology company, on the sale of Strive Platform shares worth EUR 5,4 million

TGS Baltic team advised founders of Strive, a North America focused technology company, on the sale of Strive Platform shares worth EUR 5,4 million. Strive is backed by TG Lab, international iGaming technology and development company.

TGS Baltic represented Hostinger and its shareholders in attracting an international investor which acquired more than 30 % of shares

We advised Lithuania-based Hostinger International, the world’s fastest growing web hosting company, and its shareholders, in attracting international investors.

TGS Baltic advised MCI on the sale of the shares of Pigu worth EUR 37 million

We advised one of the most rapidly growing private equity groups in the CEE region MCI Capital on selling its 51% stake in the e-commerce platform Pigu to Mid Europa Partners.

TGS Baltic advised INVL Baltic Sea Growth Fund on merging the medical clinics of the MediCa Group and InMedica

TGS Baltic represented the INVL Baltic Sea Growth Fund - a private equity fund of INVL Asset Management, the largest private equity investment fund in the Baltics, on negotiating and signing the transaction to merge the medical clinics of the Medica Group and InMedica klinika.

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.

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.

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

TGS counselled UAB Skandia Operations Center

TGS Baltic advised Headex Group

TGS Baltic advised the company on the status of agency employees and posted employees, also provided full scope legal assistance re change of the employment model, applicable with regard to the posted employees, prepared all related documentation (including, but not limited to, a new wording of the employment contract, various consents, orders, etc.). 

TGS Baltic advised UAB XXT, controlled by UAB M.M.M. projektai

TGS Baltic advised UAB XXT, controlled by UAB M.M.M. projektai, on selling the S7 office complex to Eastnine, a Swedish investment company. The transaction is a record transaction in the office real estate segment in the Baltic States and by far the largest acquisition of commercial real estate in recent years.

TGS Baltic advised UAB EUGESTA in acquiring a majority interest in UAB Armavista

TGS Baltic advised UAB EUGESTA, one of the largest international distribution companies in the Baltic States, on the acquisition of a majority interest in UAB Armavista.

TGS Baltic represented Lithuania SME Fund in the sale of InMedica shares

TGS Baltic represented Lithuania SME Fund and Litgaja in the sale of 70% stake of InMedica chain of primary health care centres to BGSF Sanus, a company wholly owned by INVL Baltic Sea Growth Fund (a private equity fund of INVL Asset Management).

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 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.

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 represented KS Investicija in acquisition of Vilijos parkas

TGS Baltic advised KS Investicija in conclusion and closing of the transaction of acquisition of 100 percent of shares in company Vilijos parkas, which controls a logistics center, from the commercial real estate development company Ogmios grupė.

TGS Baltic has been a strategic legal advisor to Euroapotheca in purchasing Apoteksgruppen

TGS Baltic has been a strategic legal advisor to UAB Euroapotheca, a Baltic and CEE pharmacy retail and wholesale group, in purchasing a major Swedish pharmacy chain Apoteksgruppen from the Kingdom of Sweden. The value of the transaction was over EUR 171 million.

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.

TGS Baltic represented Litcapital I in sale of shares in Brolis Semiconductors

TGS Baltic lawyers advised the venture capital fund Litcapital I in the sale of 85 percent of shares in semiconductor laser company Brolis Semiconductors to Brolis Group.

TGS Baltic represented Lietuvos energija in structuring an innovation fund

TGS Baltic represented Lietuvos energija in structuring the first in the Baltics specialized corporate risk capital fund, also in coordinating all fund establishment related documents with the selected fund manager Contrarian Ventures. 

TGS Baltic represented Baltcap Infrastructure Fund

TGS Baltic represented BaltCap Infrastructure Fund (BInF) that signed an engineering, procurement, and construction (EPC) contract with Axis Technologies for developing a BInF-financed project – a biomass plant in Vilnius, near Gariūnai.

Transaction of transfer of ERGO Life Insurance pension funds of the 2nd pillar successfully closed

TGS Baltic acted as a legal advisor to ERGO Life Insurance SE in structuring and implementation of the transaction of transfer of the 2nd pillar pension funds managed by the company in Lithuania to UAB DNB Investicijų Valdymas.

TGS Baltic as the sole legal advisor to 4energia, the largest Baltic wind farm developer

Since 2005 TGS Baltic, as the sole legal advisor to the largest Baltic wind farm developer 4energia, has advised the client on all legal aspects regarding development of multiple wind power parks in Western Lithuania. 

Advised AB Invalda

Advised AB Invalda, a majority shareholder, in the merger of AB Tiltra Group, a regional road construction group Lithuania, with Trakcja Polska SA, the leading rail infrastructure construction group in Poland. With the value of EUR 400 million, the transaction was one of the largest М&A deals in the region and unique in its structure.

Advised Valeant Pharmaceuticals International, Inc.

Advised Valeant Pharmaceuticals International, Inc. on the acquisition of a controlling stake in AB Sanitas, a publicly-traded specialty pharmaceutical and branded generics pharmaceutical company based in Lithuania. The transaction was valued at EUR 314 million and was the biggest transaction in Lithuania for years.

Advised a private equity investor

Advised a private equity investor in connection with the contemplated acquisition of Finasta, a private bank in Lithuania and Latvia, and Snoro lizingas, a financial leasing services company.

Represented a subsidiary of UAB Malsena Plius, one of the biggest and advanced grain processing industrial groups in Lithuania

Represented a subsidiary of UAB Malsena Plius, one of the biggest and advanced grain processing industrial groups in Lithuania, in acquiring Rīgas Dzirnavnieks in Latvia. Rigas Dzirnavieks is a grain processing leader in Latvia and prior to the acquisition was part of the Lantmännen group. Following the acquisition, UAB Malsena Plius became the largest flour producer in the Baltics.

Advised Baltic Champs

Advised Baltic Champs, a major producer of cultivated mushrooms in the Baltic States, in structuring and implementing the merger with AB Agrowill Group, a major agricultural goods producer listed in the NASDAQ OMX Vilnius and the Warsaw Stock Exchange.

Advised AB City Service in selling UAB Ecoservice

Advised AB City Service in selling UAB Ecoservice, the biggest waste management company in Lithuania, engaged in the collection, transportation and processing of secondary raw materials and household waste. 

Advised FR&R Invest IGA S.A.

Advised FR&R Invest IGA S.A., a Luxembourg-based restructuring unit of Swedbank and the largest shareholder of Alita on the sale of the majority interest in Alita to UAB Mineraliniai vandenys.

Advised MCI Management

Advised MCI Management, a Polish equity capital investment company, on the acquisition of a majority shareholding in Pigu.lt, the e-commerce leader in the Baltic States. The Pigu group consists of UAB Pigu and its subsidiaries SIA Pigu Latvia and OÜ DLB Trading. The group has leading positions in the e-commerce market in Lithuania and Latvia.

Advised AB bankas Snoras

Advised AB bankas Snoras, a collapsed commercial bank, on the sale of EUR 169.7 million Snoras loan portfolio to an international investor consortium composed of investment funds registered in Luxembourg and Deutsche Bank AG.

Advised the Scandinavian financial group Swedbank

Advised the Scandinavian financial group Swedbank on the acquisition of Danske Bank personal banking business in Lithuania and Latvia and the transfer of its services to Swedbank.

Advised shareholders of Neptūno vandenys

Advised shareholders of Neptūno vandenys, one of the major mineral water producers in Lithuania, on the sale of the business to Coca-Cola HBC, that is part of the Coca-Cola family.

Advised Lietuvos energija in acquiring Eurakras and Tuuleenergia

Advised Lietuvos energija in acquiring Eurakras and Tuuleenergia managing wind farms in Lithuania and Estonia respectively. The value of the transactions was over EUR 28 million; this was the first investment of the State-owned company abroad.

Represented BaltCap Infrastructure Fund (BInF)

Represented BaltCap Infrastructure Fund (BInF) that acquired a 100% stake in a biomass plant development company and signed an engineering, procurement and construction (EPC) contract with Axis Technologies for further development of the 48MW biomass plant in Vilnius, near Gariūnai. EPC contract value: EUR 16 million.

Advised and represented Storebrand, a Norwegian financial services company

Advised and represented Storebrand, a Norwegian financial services company managing more than NOK 620 billion in assets, on the sale of a Lithuanian subsidiary to Cognizant Worldwide Limited. Cognizant bought a 66% stake in the Lithuanian company from Storebrand in 2016, and the remaining 34% stake in 2018, becoming the sole shareholder in the company.