TGS Baltic has promoted Lauras Butkevicius and Aurimas Pauliukevicius to partner in Lithuania, bringing the number of partners in that country to 14.
CEE Attorneys has advised fabric manufacturer Agne Chomiciene and Malte Holding Aps on the division of UAB Baltijos Tekstile into two parts, and the consequent EUR 4 million sale of the remainder of the company to long-term business partner Gabriel A/S. KPMG Denmark represented Gabriel A/S in the deal.
Cobalt has advised Practica Capital on the launch of a new venture capital fund, Practica Capital Venture II, which will invest in Baltic innovation and technology-driven ventures, with EUR 15 million of public funds committed by Invega and the rest committed by Practica Capital and other local and international investors. Ellex reportedly advised Invega on the deal.
BNT Attorneys Riga Managing Partner Theis Klauberg has announced that he will be taking his team from that pan-Baltic firm on January 1, 2019, to launch an independent firm, Klauberg Baltics, leaving behind former senior associates and now partners Henning Jensen and Karlis Svikis to lead BNT Riga going forward.