Project Finance

Finance & Capital Markets Project Finance

“A well-established firm with a sound reputation” in finance. The team is “competent, service-minded and hands-on,” and “important in cross-border transactions.”

To implement a modern project, traditional legal tools are not enough. Experience from different industries and sectors needs to be combined.

Our team takes project management to the next level, with services in the areas of project financing transactions, borrower’s due diligence, and transaction negotiations.

We work with numerous Baltic and international financial institutions and borrowers on all aspects of project finance, including borrower’s due diligence, creation of collateral, review of transaction documents, issuing legal opinions, and so on.  

TGS Baltic’s project finance team is regularly ranked among the best in the Baltic region for its know-how and track record.

Major Deals

  • 29.05.2024

    TGS Baltic advised NIB on granting an investment loan of EUR 16.1 million to TKM Kinnisvara AS to finance the construction of a logistics center. 

    TGS Baltic advised Nordic Investment Bank (NIB) on granting an investment loan of EUR 16.1 million to TKM Kinnisvara AS, a member of the TKM Group, to finance the construction of a logistics center. 

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  • 16.11.2023

    TGS Baltic advised European Investment Bank (EIB) on signing a €25 milion agreement with Klaipėdos vanduo

    The European Investment Bank (EIB) has signed a €25 million loan agreement with "Klaipėdos vanduo", the municipal water company in the Lithuanian city of Klaipėda, supporting its 2023-2026 investment programme. 

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  • 12.09.2023

    TGS Baltic advised Värska Originaal, the leading mineral water producer in Estonia, on a buyout of its minority shareholders and refinancing of the company

    TGS Baltic acted as a legal adviser to Värska Originaal and its shareholders. Our team advised on negotiating the terms of the transaction in which the client acquired additional shares of Värska Originaal.

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  • 02.06.2023

    TGS advised shareholders of Eesti Digiraamatute Keskus (EDRK) on the sale of a minority stake in EDRK to PE fund BaltCap

    EDRK is the absolute market leader in digitalizing books in Estonia. TGS advised the client during the negotiating the transaction documents and closing the transaction.

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  • 20.11.2022

    TGS Baltic assisted Invego OU in relation to their rapid expansion in Latvia.

    TGS Baltic has been engaged by Estonian origin real estate developer Invego OU in relation to their rapid expansion in Latvia.

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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

    “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, and its opinion on such matters is sought by a number of large European banks.”

    Chambers and Partners
  • Legal 500

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

    Legal 500
  • IFLR 1000

    “The firm has built up experience in regard to EU structural fund financing.”

    IFLR 1000

Team

Key Contacts