Cobalt, in cooperation with Setterwalls, has advised SEB and Swedbank on their extension of EUR 185 million syndicated loan facilities to the Euroapotheca pharmacy chain. Euroapotheca reportedly was assisted by TGS Baltic.
Sorainen, Cobalt, and TGS Baltic Advise on Freor Share Sale
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.
Sorainen Advises Audimas on Selling Controlling Stake to LitCapital
Sorainen has advised Audimas and its major shareholders on the sale of 60% of the company’s shares to investment management company LitCapital Asset Management.
TGS Baltic Helps TBF Finance Obtain Payment Institution License from Bank of Lithuania
TGS Baltic has helped TBF Finance obtain a payment institution license from the Bank of Lithuania.
TGS Baltic Advises Medicinos Bankas in Bond Program Approval
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 Successful for Aviabaltika in Court of Justice of European Union
Ellex has successfully represented Avibaltika before the Court of Justice of the European Union, after Ukio Bankas demanded that Aviabaltika should pay, again, an amount already paid to it as financial collateral under the Law on Financial Collateral Arrangements.
Primus Advises Hekon on Acquisition of New Ibis Hotel in Vilnius
Primus has advised Lithuanian company UAB Hekon on its EUR 8.7 million acquisition of a newly constructed Ibis hotel in Vilnius from Lithuanian construction company Merko.
Primus and Cobalt Advise on EBRD Loan to Mebelain
Primus has advised Belarus's Mebelain factory on a EUR 20 million loan from the EBRD to facilitate the expansion of its furniture factory. EBRD was advised by Cobalt.
Primus Advises Newsec on Launch of Online Auction Platform
Primus has advised Newsec, an international real estate consultancy company on the launch of an auction platform called Newsecaukcionai.lt.
Cobalt and Ellex Valiunas Advise on the Sale of Arka Business Center in Kaunas
Cobalt has represented UAB Imlitex Holdings on the sale of the Arka business center in Kaunas, Lithuania. The buyer, who according to Cobalt, does not want to be identified until the deal closes, was represented by Ellex Valiunas.
Ellex Helps Nayax Obtain Payment Institution License
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.
Sorainen Advises BaltCap on Kelprojektas Sale to Tyrens
Sorainen has advised BaltCap on the sale of Kelprojektas to Swedish technical consultancy firm Tyrens. Eversheds Sutherland advised Tyrens on the acquisition.
TGS Baltic, Ellex, Dentons, and Clifford Chance Advise on Lietuvos Energija Bonds Program
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.
Motieka & Audzevicius Successful for flyLAL in Dispute Against AirBaltic and Riga International Airport
Motieka & Audzevicius has successfully represented flyLAL in a dispute against Air Baltic Corporation involving private competition enforcement in Lithuania.
Cobalt Helps Luminor Obtain ECB Approval for Cross-Border Merger in Baltics
Cobalt has advised Luminor on its successful application to the European Central Bank for permission to merge all its banks in the Baltics.
Ellex Advises Bazaarvoice on Lithuanian Launch
The Vilnius office of Ellex has advised Bazaarvoice on its lease of space in the Technopolis Penta business center in Vilnius.
Cobalt and TGS Baltic Advise on Sale of Bauhof Hardware Store Chain to Ermitazas
Cobalt has advised MyInvest Estonia on its sale of the Bauhof hardware store chain to Lithuanian hardware store chain Ermitazas, a subsidiary of the Vilniaus Prekyba Group. The buyer was represented by TGS Baltic Lithuania.
Motieka & Audzevicius Successful for Lithuanian Municipality Administration in Public Procurement Dispute
Motieka & Audzevicius has successfully represented the Administration of Lithuania's Plunge District Municipality in a public procurement case.