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M&A and CorporateRegulatory & Competition
Mergers & Acquisitions / Dispute Resolution / Development & Regulatory / Tax Advice & Taxation Disputes / Private Equity & Venture Capital / Arbitration, Mediation & ADR / Intellectual Property / Corporate Law / Capital Markets / Real Estate Transactions / Restructuring & Insolvency / Employment / Commercial Law
Assisted Belgian investment group Straco with the acquisition of the horticulture company AS Greenyard Horticulture Latvia from Greenyard as a part of acquisition of its horticulture segment.
Provided legal assistance to the majority shareholders of SIA S.B.C. in sale of their shares to the minority shareholder the Norwegian company Contiga Holding AS
Advising IK Investment Partners in acquisition of Katsastus Group’s operations in the Baltics, Sweden and Poland.
Advised the Ministry of Economics on the acquisition of 18.31% of the shares of the natural gas transmission and storage system operator AS Conexus Baltic Grid by the Latvian electricity transmission system operator AS Augstsprieguma tīkls from the German energy company Uniper Ruhrgas International GmbH.
TGS Baltic ensured legal assistance to AS DNB bank group during take-over of the pledged assets over EUR 15 million in value.
Advised Fuchs Petrolub SE acquiring Statoil Fuel & Retail Lubricants on Latvian law aspects of its EUR 74 million acquisition of Statoil Fuel & Retail Lubricants business from Couche-Tard Luxembourg S.A.R.L.(2015);
Advised Netherlands-based ACTA, i.e. the Dutch Holding company of Kiwa and Shield Group International, acquiring Inspecta Group (2015);
Assists insolvent BAB bankas Snoras in selling of the former headquarters of AS Latvijas Krājbanka at 15 Jāņa Daliņa Street, Riga, and historical banking building in Doma Square at 23 Pils Street, Latvia, via auctions organised by Colliers International. Total anticipated sales value exceeding MEUR 20;
Assisted the shareholders of a Latvian company – market leader in the field of producing and installing steel constructions – SIA S.B.C., in selling 49% share and commencing co-operation with a Norwegian investor Contiga Holding AS, making significant investments in SIA S.B.C. and becoming its shareholder, with total transaction value MEUR 7.5 (2013);
Represented the owner of Alfa Shopping Mall (managed by Linstow Center Management) in several civil cases and out-of-court negotiations with several insurance companies and lessees of the Shopping Mall premises claiming recourse compensation claims of loss caused to the lessees of the Shopping Mall Alfa during the widely publicized fire event on July 2009;
Advised AS Aldaris (Carlsberg group) in a process of layoff of employees, allocating more than MEUR 1.4 for different support programmes and compensations. Layoff to restructuring of company’s operations in Latvia relocating production of plastic beer bottles to Carlsberg subsidiaries in Lithuania and Estonia and to other countries and continuing production in Latvia only of high quality beer production (exclusive brands of beer) and innovations – plastic bottle beer production via modernized Aldaris historic brewery by investing MEUR 3 into the most technologically advanced equipment in the Baltics.
Advised the investors into the real estate development companies in the center of Riga (approx. 1,3 ha) and a region of Riga (approx. 32 ha). Structuring of shareholder loans into several companies, dilution of non-contributing shareholders and repayment of the loans to a credit institution. MEUR 20. (2013-2014);
Developed solutions for attraction of additional investments to Euro Auto (Renault, Dacia and Renault Trucks dealer and authorized Opel after sales services provider) for development of its business and regulating relations of investors; MEUR 3. (2013);
Advised Knowledgeprice and Mobassurance group companies and their shareholders receiving financing from the investment fund Practica Seed Capital for early stage development of high-potential business ideas and later stage expansion of established businesses. (2013);
Assisted AS Pro Kapital Grupp in the IPO of its shares in Latvia, Estonia and Lithuania and listing in the Tallinn Stock Exchange/NASDAQ OMX. Cancelled due to a lack of demand for shares at the proposed price level. (2012);
Assisted AS Eco Baltia group in the IPO, listing in the Warsaw Stock Exchange and dual listing in the Riga Stock Exchange/Nasdaq OMX. Suspended prior to announcement of the final offer price (2012);
Ensured split of AS Latvijas Biznesa Banka (currently Bank M2M Europe) business by two simultaneous transfers of parts of a business to different acquirers – a good business to Eesti Krediidipank and a bad part of busines to Radikāls Trests – at time novel transaction in Latvia and first such type of transaction in Latvia used for transfer of business by privately owned transaction parties (2011).
TGS Baltic successfully represented the insolvent SIA Viesis 2 claiming EUR 1,786,655.54 damages jointly and severally from its former management board members in order to enable the company to pay the claims of its creditors.