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22 New Articles

Sorainen has assisted Freor LT and its majority shareholder Rytis Bernatonis on Mezzanine Management's sale of a block of Freor LT shares to Baltics-based private equity fund Livonia Partners. Mezzanine Management was advised by Cobalt on the sale, and Livonia Partners was advised by TGS Baltic.

TGS Baltic has advised UAB Medicinos Bankas in approving a subordinated bond program of up to EUR 10 million and placing the first ever bond emission exceeding EUR 2.2 million under the program. UAB FMI Orion securities acted as the bank’s intermediary for placement of the issue.

Ellex has helped Nayax, an Israel-based company which sells cashless, telemetry, management, monitoring, and business intelligence products for the vending and unattended sales industries, obtain a payment institution license.

TGS Baltic, working in cooperation with Dentons’ UK and Middle East offices, has advised UAB Lietuvos Energija in approving a medium term note program upsized to EUR 1.5 billion, and issuing a EUR 300 million bond issue under the same program. Banking groups BNP Paribas, J.P. Morgan, and SEB Bank acted as intermediaries for placement of the issue. BNP Paribas and SEB were represented by Ellex Valiunas, while J.P. Morgan was reportedly advised by Clifford Chance.