Banking & Finance

Finance & Capital Markets Banking & Finance

“Banking & Finance is a core area at TGS Baltic, which attracts an extensive client portfolio” thanks to its “high level of service and excellent response times.” 

Digital transformation in the finance sector requires an insightful business mindset that combines the client's understanding of the market with new generation legal solutions. Our banking and finance team is there to assist  clients in everyday market challenges, providing support across all sectors.

We advise in connection with financing transactions, borrower due diligence, project finance, creation of collateral, legal opinions, debt restructuring, and other matters.

Our clients are businesses, governments, financial supervision authorities and EU institutions, as well as all major Baltic financial institutions and international banks. Our banking and finance practice team is regularly ranked among the best in the Baltic region for its know-how, business understanding, contacts, and creative solutions.

Major Deals

  • 14.07.2021

    TGS Baltic advised a consortium of banks on approx EUR 265 million refinancing of Press Glass, a leading European producer of processed glass

    TGS Baltic, together with the cross-border Dentons team, advised a club of four banks, consisting of PKO Bank Polski, ING Bank Śląski, Santander Bank Polska and BNP Paribas Bank Polska, on approx EUR 265 million refinancing of the indebtedness of Press Glass and the financing of its further investments, including new production plants in Lithuania and Wales.

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  • 13.07.2021

    TGS Baltic advised the clients on the acquisition of a qualifying shareholding and voting rights in UAB Medicinos bankas

    We advised Mr. Konstantinas Karosas, Western Petroleum Limited and UAB MB valdymas in obtaining a decision of the supervisory authority not to object to the acquisition of the qualifying shareholding and voting rights in UAB Medicinos bankas (the “Bank”).

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  • 21.06.2021

    The Estonian Financial Supervision Authority granted a payment institution activity licence to Crowdestate

    The activity licence grants Crowdestate the right to execute payment transactions, including transfer funds to a payment account opened with a payment service provider.

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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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  • 06.01.2021

    TGS Baltic advised Luminor Bank on arranging syndicated financing

    TGS Baltic represented Luminor Bank, the third largest financial services provider in the Baltic banking market, which together with Šiaulių bankas is lending EUR 44 million in equal parts for a new shopping centre project – 62,000 m² shopping mall Vilnius OUTLET.

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  • 31.12.2020

    TGS Baltic represented the European Investment Bank on signing an exclusive deal with Šiaulių bankas for the establishment and management of a EUR 200 million renovation fund

    Šiaulių bankas signed an agreement with the European Investment Bank (EIB) for the establishment and management of a EUR 200 million renovation fund for multi-apartment buildings.

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Awards & Recognition

  • Chambers and Partners

    “This full-service practice remains a trusted brand” with “broad experience, including transaction finance, capital markets, and banking regulatory work.”

    Chambers and Partners
  • Chambers and Partners

    “Sources note this team's strong work ethic and commitment to its clients. [...] It is also highly skilled in distressed loan restructuring and EU financing schemes.”

    Chambers and Partners

Team

Key Contacts