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Vidmantas Drizga
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Vidmantas Drizga

Partner, Head of Manufacturing industry group
Vilnius, Lithuania

All of the most influential and prominent international legal directories The European Legal 500, Best Lawyers International, Chambers and Partners, IFLR 1000, publishing annual independent rankings of law firms, recommend Vidmantas as an excellent professional in capital markets, corporate and commercial law and other areas of law

  • LEGAL500
  • ILFR 1000
  • CHAMBERS GLOBAL
  • Chambers Europe

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  • About

    Vidmantas Drizga is Partner and the Head of Manufacturing industry group at TGS Baltic. Vidmantas is a recognized expert in corporate and commercial issues, corporate restructuring and insolvency, capital markets and derivatives, general corporate advice, corporate governance, private equity funds, and securities.

    Vidmantas Drizga is noted for his expertise in shareholder disputes and securities mandates. Also, he is an expert in capital markets and securities in the Baltic region and Poland, having been involved in the majority of public listing and IPO deals in the region over the last 5 years.

  • Recognition
    • CHAMBERS GLOBAL

      Vidmantas Drizga is commended for his experience in shareholder disputes and securities mandates. Commentators view him as “absolutely the best adviser for shareholder issues. He is a visible presence in the market".

      CHAMBERS GLOBAL
  • Major Projects
    • 17.12.2019

      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.

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    • 04.12.2019

      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.

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    • 20.06.2019

      TGS Baltic advised the Ministry of Finance of Lithuania on two eurobond issues with a total value of EUR 1.5 billion

      TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in structuring and conducting two issues of eurobonds for a total value of EUR 1.5 billion.

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    • 20.05.2019

      TGS Baltic advises EPSO-G on main corporate governance matters

      EPSO-G is a state-owned holding company for Lithuanian gas TSO (Ambergrid) and electricity TSO (LITGRID). EPSO-G, in accordance with the goals laid down in the National Energy Independence Strategy and in other legal acts, implements strategic tasks of developing the country’s gas and electricity infrastructure, integrating it into EU energy markets, and seeks to implement the goals of the Energy Union. 

       

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    • 06.12.2018

      TGS Baltic advised Šiaulių Bankas in the admission of a EUR 20 million bond issue to trading on Nasdaq Vilnius

      The bonds were admitted to trading on the said regulated market at the beginning of December.

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    • 03.12.2018

      TGS Baltic advised Avia Solutions Group and its shareholders on delisting the company's shares from the Warsaw Stock Exchange

      In addition to TGS Baltic, the company and its shareholders were also represented in this transaction by the international law firm Dentons Europe Dąbrowski i Wspólnicy sp. k.

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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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    • 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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    • 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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    • 01.07.2018

      Advised UAB Lietuvos Energija in approving the medium term note program

      TGS Baltic advised UAB Lietuvos Energija in approving the medium-term note program, which has been upsized to EUR 1.5 billion and issuing a EUR 300 million bond issue under the program. Since 11 July 2018, the placed bonds have been admitted to trading on the Luxembourg Stock Exchange and AB Nasdaq Vilnius. It is one of the largest transactions of this kind in the Baltic States.

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    • 31.12.2017

      TGS Baltic advised LRT (National Broadcaster of Lithuania)

      TGS Baltic advised LRT, a national broadcaster on acquisition of new content management system and software for its webpage and media archive, that now is accessible via the internet and other all content broadcasted by two channels LRT and LRT KULTURA as well as other original content. The matter related to the consultations of structuring of the transaction, IP acquisition matters, publishing matters in the internet and other.

    • 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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    • 02.01.2015

      Secondary offering of shares of AB Avia Solutions Group worth over EUR 15 million successfully completed

      TGS Baltic was a legal advisor to AB Avia Solutions Group (the “Company”) with regard to offering newly issued shares of the Company to select investors and their admission to trading on the Polish regulated market, ie. on the Warsaw Stock Exchange. 

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    • Advised AB Avia Solutions Group

      Advised AB Avia Solutions Group - an international aviation holding company that has over 40 subsidiaries worldwide - in its cross-border merger to a subsidiary in Cyprus.

    • During the bankruptcy of Ūkio bankas, advised State Company Deposit and Investment Insurance

      During the bankruptcy of AB Ūkio bankas, advised State Company Deposit and Investment Insurance in transferring good bank from AB Ūkio bankas to AB Šiaulių bankas, a Lithuanian bank with the European Bank for Reconstruction and Development among its shareholders. Participated in structuring the transaction and coordinating the approval of the transaction by the Ministry of Finance of the Republic of Lithuania.

    • Advised Baltic Champs Group

      Advised Baltic Champs Group, UAB, the largest mushroom producer in the Baltics, in structuring and implementing a merger with AB Agrowill Group, a major agricultural goods producer in Lithuania, the securities of which are listed in NASDAQ OMX Vilnius and Warsaw Stock Exchange. The transaction was the first of such type in Lithuania.

    • Advised the bankruptcy administrator in bankruptcy procedures of Ūkio bankas

      Advised the bankruptcy administrator in bankruptcy procedures of AB Ūkio bankas. Advised the client on day-to-day activities, assisted in the coordination of asset recovery processes in Lithuania and abroad as well as in coordination of closing of representative offices of the bankrupt bank established abroad and other matters.

    • Advised the bankruptcy administrator in bankruptcy procedures of bank Snoras

      Advised the bankruptcy administrator in bankruptcy procedures of AB bankas Snoras. Advised on day-to-day activities, sale and recovery of the assets of the bank as well as other various matters.

    • Advised INVL Technology

      Advised AB INVL Technology on successfully completed public offering of shares with the total issue price of over EUR 10 million and admission thereof to trading on AB NASDAQ OMX Vilnius.

    • Advised City Service, a company managing a group of undertakings engaged in facility management and integrated utility services in Europe

      Advised City Service, a company managing a group of undertakings engaged in facility management and integrated utility services in Europe, in implementing a cross-border merger, on establishment of a European Company (Societas Europaea, SE) and admission of its shares to trading on the Warsaw Stock Exchange.

    • Advised INVL Technology on the transformation of a listed company into a licensed special closed-ended investment company

      Advised AB INVL Technology on the transformation of a listed company into a licensed special closed-ended investment company for the first time in the Baltic States.

    • Advised joint bookrunners Dom Maklerski PKO Banku Polskiego w Warszawie, Swedbank and Trigon Dom Maklerski

      Advised joint bookrunners Dom Maklerski PKO Banku Polskiego w Warszawie, Swedbank, AB and Trigon Dom Maklerski S.A. in performance of the initial public offering (IPO) of AB Novaturas in Lithuania, Poland and Estonia, also admitting its shares to trading on the Polish and Lithuanian regulated markets.

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  • CV

    Professional Career

    Since 2017
    Partner, Head of Manufacturing industry group, law firm TGS Baltic
    2003 – 2017
    Associate Partner, law firm Tark Grunte Sutkiene
    1999 – 2004
    Head of Legal and Enforcement Department, Securities Commission of the Republic of Lithuania
    1996 – 1999
    Senior specialist, Legal and Enforcement Department, Securities Commission of the Republic of Lithuania

    Education

    1999
    Vilnius University, Faculty of Law, Master of Law

    Membership

    Lithuanian Bar Association