TGS Baltic has advised Wermuth Asset Management platform Green Gateway Fund on its exit from Primekss. Sorainen advised Primekss.
According to TGS Baltic, the Green Gateway Fund made a capital investment in Primekss and provided financing in the amount of EUR 10 million in 2014. "The investment helped the Primekss Group to develop its unique concrete technology and strategically improve and further expand its business in the new markets," the firm informed.
Wermuth Asset Management is a German asset manager with a focus on high-risk-adjusted financial returns. Its platform Green Gateway Fund invested EUR 5–30 million per company, in Western Europe, between 2013 and 2016.
Founded in 1997, Primekss is a Riga-headquartered company producing concrete floors, logistics centers, shopping malls, DIY stores, and foundations of buildings. The company has direct subsidiaries in ten countries.
The TGS Baltic team included Partners Andra Rubene and Nauris Grigals and Associate Anna Vaivade.
Sorainen's team included Managing Partner Eva Berlaus and Senior Associate Liva Aleksejeva.
