TGS Baltic has advised Civinity on a private placement of an issue of bonds with a nominal value of EUR 5.7 million.
Civinity is a building maintenance and engineering solutions company group in the Baltics. According to TGS Baltic, "all the bonds of this issue have been acquired by the investment fund INVL Bridge Finance controlled by Mundus. This transaction enables Civinity to take part in SIA Mobilly share purchase along with the managers of SIA Mobilly, with the aim to acquire 9.99% of the shares in the company."
In 2018, TGS Baltic advised Credit Value Investments on a bond investment in Civinity (as reported by CEE Legal Matters on January 18, 2018).
The TGS Baltic team included Partner Dalia Augaite and Associates Kotryna Visockyte, Nortautas Zenevicius, Karina Narnicka-Cumakova, and Martins Galzons.
TGS Baltic did not respond to our inquiry on the matter.
Editor's Note: After this article was published, CEE Legal Matters learned that Vilgerts advised Civinity as well. The firm's team included Partners Gints Vilgerts and Reinis Sokolovs and Associate Elizabete Bartansone.
