TGS Baltic advised BaltCap on 15-year partnership agreement with Kaunas District Municipality

16.06.2020 TGS Baltic advised BaltCap on 15-year partnership agreement with Kaunas District Municipality

The largest private equity firm in the Baltic States BaltCap signed a 15-year public-private partnership agreement with Kaunas District Municipality.

Under the agreement BaltCap  will invest EUR 13.6 million to upgrade education infrastructure in towns of Mastaičiai, Kačerginė and Zapyškis, where it is planned to renovate two existing schools, a swimming pool and to build a new school and sport facilities.

The aim of the project is to increase the energy class of the existing school buildings and to expand and modernize the sport facilities. The project will create an additional capacity for serving 500 pupils in the neighbouring districts and local schoolchildren will no longer have to travel to distant schools.

Design and construction works are scheduled to begin this summer and be completed by autumn 2022 in all towns. This is the BaltCap Infrastructure Fund’s (BInF) third investment in education infrastructure over the last two years.


TGS Baltic team, associate partner Karolis Smaliukas and senior associate Simas Paukštys, were delighted to contribute to this case by advising BaltCap.