Capital Markets

Finance & Capital Markets Capital Markets

"The firm [...] stands out for its capital markets expertise” and "professionalism of service".

Capital markets are an increasingly important source of finance for Baltic businesses. Seeking alternatives to bank financing, mature companies are tapping Baltic, Scandinavian and Eastern European exchanges with bond and equity listings.

We are the leading advisor for capital markets in the Baltics. Thanks to our extensive experience, we understand the practice trends of the regulatory institutions. We regularly contribute to the innovation of established practices and bring international experience to the Baltics.

Major Deals

  • 16.09.2021

    TGS Baltic advised UAB Valstybės investicinis kapitalas, which invests into the Lithuanian Aid for Business Fund, in approval of EUR 400 million state-guaranteed note program and placement of the inaugural EUR 30 million issue

    TGS Baltic is proud at having had the opportunity to contribute to the successful approval of EUR 400 million state-guaranteed note program of UAB Valstybės investicinis kapitalas, a limited partner of the Lithuanian Aid for Business Fund, and placement of the inaugural EUR 30 million issue under the program. This is the first issue of corporate notes with a state guarantee in the Baltic States.

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  • 13.07.2021

    TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in EUR 750 million Eurobond issue

    We advised the Ministry of Finance of the Republic of Lithuania in structuring and issuing a Eurobond issue worth EUR 750 million for a period of 30 years. This issue will bear 0.75% annual interest.

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  • 28.05.2021

    TGS Baltic advised Akropolis Group on EUR 300 million Eurobond issue

    We advised Akropolis Group, the leading shopping and entertainment centre development and management company in the Baltic States, on EUR 300 million Eurobond issue.

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  • 10.05.2021

    TGS Baltic advised Evernord on the biggest freeze-dried food business in the Baltic States Dehidra’s EUR 4 million bond issue

    We are delighted to contribute to the successful placement of the bonds by Evernord, an investment firm based in Vilnius, Lithuania. The initiator of the EUR 4 million bond issue was the biggest freeze-dried food business in the Baltic States and one of the biggest in Northern Europe, Dehidra.

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  • 16.03.2021

    TGS Baltic advises Maxima Grupė on structuring the Commercial Paper Programme and the EUR 40 million issuance of notes under the programme – the very first transaction under such format in the Baltics

    TGS Baltic has successfully advised Maxima Grupė controlling the largest food retail group in the Baltics in structuring the Commercial Paper Programme and the issuance of EUR 40 million of notes under the programme.

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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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Awards & Recognition

  • Chambers and Partners

    The firm “is well known for its work on private placements and initial and secondary public offerings.”

    Chambers and Partners
  • Chambers and Partners

    “Impresses clients with its full-service capability and strength in multi-jurisdiction deals. […].”

    Chambers and Partners
  • Legal 500

    “The firm's strengths are the professionalism of service, engagement, availability, and creativity.”

    Legal 500

Team

Key Contacts