Private Equity & Venture Capital

M&A and Corporate Private Equity & Venture Capital

“One of the most experienced legal M&A and private equity teams in the region. […] Very creative and innovative in negotiations, structuring transactions and coming up with non-standard solutions." 

In the last decade, private equity and venture capital have matured into a market with dozens of local and international funds ready to invest in local and international companies. Our team has worked with the biggest deals in the Baltic states over the past 20 years. Our experts have been pioneers in the creation of Baltic private equity structures in line with the best international standards.

TGS Baltic's team advises partners, sponsors, investors and fund managers on all aspects of private equity and venture capital transactions, including planning, creating, operating, participating in and exiting investment vehicles.

The practice benefits from the firm's broader expertise in M&A, capital markets and company law as well as in diverse industries.

Major Deals

  • 24.07.2023

    BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange by acquiring Xpediator

    BaltCap was advised by TGS Baltic in completing the transaction to acquire Xpediator Plc.

  • 30.04.2023

    TGS Baltic advised LiTech on securing €500,000 investment from Estonian venture capital investors 

    TGS Baltic team has advised data traceability software developer LiTech OÜ on raising €500,000 in investments from several Estonian venture capital investors. TGS Baltic Senior Associates, Mirko Kikkamägi and Silvia Urgas, advised the client throughout the transaction, from negotiating and drafting transaction documents to finalizing the deal.

  • 20.04.2023

    TGS Baltic advised Livonia Partners on investment in the fast-growing sustainability innovator Bagfactory

    Pan-Baltic private equity fund Livonia Partners invests in Lithuanian eco-friendly machine-made reusable and paper bag producer Bagfactory. The transaction is anticipated to conclude by the beginning of this summer.

  • 21.09.2022

    TGS Baltic advised on a EUR 11.6 million investment transaction in Estonia

    TGS Baltic advised the venture capital fund Inventure on leading the financing round by which EUR 11.6 million was raised for the startup Jobbatical, which provides relocation and immigration services for international companies.

  • 18.05.2022

    TGS Baltic advised Truffle Capital on leading a 5.5 MEUR investment into insurtech startup Cachet

    Law Firm TGS Baltic advised the European fund Truffle Capital SAS on leading a 5.5 MEUR investment round into startup Cachet, which provides smart insurance solutions. TGS Baltic advised the client during the entire transaction, from legal due diligence of Estonian companies to drafting and negotiating the transaction documents and closing the investment.

  • 21.04.2022

    TGS Baltic advised I Asset Management in obtaining a license to operate throughout the EU

    We advised the asset management company I Asset Management in obtaining an alternative investment fund manager license under the Alternative Investment Funds Managers Directive (AIFMD).


Awards & Recognition

  • IFLR 1000

    “The firm is particularly recognized for its strengths in private equity work.”

    IFLR 1000
  • Chambers and Partners

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

    Chambers and Partners


Key Contacts