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Nominees for Latvia

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a. SIA ITERA Sale of Stake in Conexus B.G. to AST

TGS Baltic, acting as part of a consortium led by Rothschild, advised Latvia's Ministry of Economics on the acquisition by Latvian electricity transmission system operator AS Augstsprieguma Tikls of 16.05% of the shares of the natural gas transmission and storage system operator AS Conexus Baltic Grid from SIA Itera Latvija.

Deal parties (advisors)

  • Buyer: AS Augstsprieguma Tikls  (TGS Baltic)
  • Seller: SIA Itera Latvija (Aldis Paunins, Attorney at Law)


b. BaltCap International Fund Acquisition of 75% of SIA Anaerobic Holding from SIA Resse and Subsequent Acquisition by SIA Anaerobic Holding of the Biogas Buisnesses of SIA Augstkalnu Druvas and SIA Zeltezeri


Eversheds Sutherland Bitans assisted BaltCap Infrastructure Fund in its EUR 9.45 million acquisition of 75% of the shares of SIA Anaerobic Holding from SIA Resse and the subsequent acquisition of SIA AD Biogazes Stacija and SIA Aizkalnu Tehnika, from SIA Augstkalnu Druvas and SIA Zeltezeri, respectively. Sorainen advised SIA Augstkalnu Druvas on the deal.

Deal parties (advisors)

  • Buyer/Investor: Baltcap Infrastructure Fund (Eversheds Sutherland Bitans)
  • Sellers: SIA Resse; SIA Zeltezeri; SIA Augstkalnu Druvas (Sorainen)


c. Uniper Sale of Stake in Conexus Baltic Grid to AST

Ellex Klavins and EY Latvia advised Uniper Ruhrgas International GmbH on the sale of its stake in AS Conexus Baltic Grid — Latvia’s unified natural gas transmission system operator and natural gas storage system operator. The buyer, AS Augstsprieguma Tikls, was advised by TGS Baltic.

Deal parties (advisors)

  • Seller: Uniper Ruhrgas International (Ellex Klavins)
  • Buyer: AS Augstsprieguma Tikls (TGS Baltic)


d. Providence Equity Partners’ Acquisition of Baltic Subsidiaries of Modern Times Group

Sorainen and global counsel Mannheimer Swartling have advised Providence Equity Partners on the acquisition of the Baltic businesses of Sweden's Modern Times Group. Cobalt, Fort Legal, Skopina & Azanda, and Sweden's Hamilton law firm advised the Modern Times Group on the deal. The total disclosed value of the acquisition in all three Baltic States is EUR 115 million.

Deal parties (advisors)

  • Seller: Modern Times Group (Cobalt; Fort Legal; Hamilton Law Firm; Skopina & Azanda)
  • Buyer: Providence Equity Partners (Sorainen; Mannheimer Swartling)

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