TGS Baltic has advised AUGA group, AB on a bond program worth up to EUR 60 million and the issuance of EUR 20 million in green bonds in Lithuania.

Fort Legal has advised Gateway Airport Services on its acquisition of 100% shares of Litcargus, an aircraft ground handling company in Vilnius.

Sorainen has advised InMedica medical clinic network on its issuance of bonds planned for listing on First North, an alternative securities market administered by Nasdaq Vilnius.

Finland's Castren & Snellman and Sorainen have advised the OP Corporate Bank on its provision of financing to Finland's Veho Group for Veho's acquisition of Silberauto. Finland's Dittmar Law Firm and Ellex's three offices in the Baltic advised Veho on the financing, as they had on the acquisition itself.

Ellex Valiunas has advised No Magic Europe UAB, a Lithuanian subsidiary of No Magic Inc., on its lease of 2,000 square meters of office space in the Kaunas Business Center in Lithuania from Kautros Investicijos and NI Pletra.

Cobalt has advised the INVL Baltic Forests Fund I, managed by INVL Asset Management, on the sale of 100% of shares in UAB Aukstagire and UAB Aukstasile to Silvestica Green Forest Lithuania, which was reportedly advised by 3Law Miskinis & Partners.

Lithuania's ADON Legal has advised Protean Risk Limited, a registered broker at Lloyds, on the adaptation of a PSD Bond to Lithuanian law and its coordination with the Bank of Lithuania.

Glimstedt has advised Precia Molen on the acquisition of 100% of Milviteka UAB from its shareholders, who were advised by TGS Baltic.

Sorainen has helped JP Morgan and BNP Paribas organize a five-year bond issue with a total value of USD 300 million for Avia Solutions Group – a Lithuanian aviation services group ‒ at an annual interest rate of 7.875% and a maturity date of 2024. The bonds were issued in US dollars and distributed in the US and European markets. The Avia group was advised by TGS Baltic and Dentons.

After five and a half years, Lithuanian lawyers Vytautas Senavicius and Tomas Talutis have dissolved their Tvins law firm partnership and concluded the operations of the firm.

Fort Legal has advised Eika Real Estate Fund on its acquisition of Vilnius's Highway business center — an A+ class building with total leasable space of 5700 square meters.

Orrick has advised Sprint Capital on its investment in Vinted, a website marketplace for second-hand fashion. The entire investment round has a total value of EUR 128 million, with other backers including Lightspeed Venture Partners, Insight Venture Partners, Accel, and Burda Principal Investments. Taylor Wessing and Wilson Sonsini Goodrich & Rosati advised Vinted and Cooley reportedly advised Lightspeed Venture Partners on the deal.

Walless has helped PayRay, a capital financing company based in Lithuania, obtain a full banking license from the Bank of Lithuania and the ECB.

Cobalt has advised French real estate investment fund Corum on the acquisition of 22,000 square meter large Depo DIY store in Kaunas.

Amazingly, the Lithuanian FinTech ecosystem report of 2018 revealed that there were 170 FinTech companies based in Lithuania – reflecting 45 percent growth over the previous year – with some 2,600 employees working in FinTech companies, more than 700 of which were newly-employed in 2018. The numbers are still growing this year.

TGS Baltic has been selected as legal advisor to the European Investment Bank on Lithuania’s multi-apartment building modernization. The agreement between the EIB and TGS Baltic was signed for a period of two years.

Glimstedt has advised the Iron Wolf Capital venture capital fund on its investment of EUR 570,000 in UAB Sprana, a manufacturer of industrial spectroscopes.

Sorainen and Linklaters are advising the Ministry of Finance of Lithuania, the European Commission, and the EBRD on an EC-funded project aimed to promote green investment in Lithuania. The project is funded via the Structural Reform Support Programme in collaboration with the European Commission Structural Reform Support Service.