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Estonian M&A team of TGS Baltic led by partners Kadri Kallas and Sander Kärson advised Euroapteek on the acquisition of Ülikooli Apteek pharmacy chain in Estonia. The transaction was conducted on 14 March, after which Euroapteek acquired and will integrate 13 Ülikooli Apteek branded pharmacies to its network. In addition, Euroapteek will also provide all franchise services to another 11 pharmacies having operated under the name of Ülikooli Apteek to this day.
TGS Baltic advised joint bookrunners Dom Maklerski PKO Banku Polskiego, Swedbank and Trigon Dom Maklerski in performance of the initial public offering (IPO) of the largest tour operator in the Baltic States AB Novaturas in Lithuania, Poland and Estonia, also admitting its shares to trading on the Polish and Lithuanian regulated markets - the Warsaw Stock Exchange and AB Nasdaq Vilnius.
Law firm TGS Baltic and its lawyers are ranked in top tiers in Chambers Europe’s newest, 2018 edition. The firm’s Lithuanian office continues to hold its tier 1 position in Banking and Finance, Energy and Competition/Antitrust. A total of 26 lawyers are ranked among the top players in the Baltic legal market.
TGS Baltic Partner, Attorney at Law Inese Hazenfusa and Senior Associate, Attorney at Law Māra Stabulniece provided legal assistance to the University of Latvia regarding EUR 11.5 million loan agreement of the Council of Europe Development Bank (CEB) for the further development of the Academic Centre. The CEB loan will part-finance phase II of the development of the university campus in the Torņakalns area of Riga (total financing of phase II - EUR 90 million) which involves the construction of the “House of Science” and the “House of Letters”. The other necessary financing is provided by European Investment Bank within a framework of the so called “Juncker Plan” and the European Regional Development Fund.
TGS Baltic advised property lender EstateGuru in a cross-border financing transaction where EstateGuru provided a 1,6 MEUR loan to Finnish based printing house Libris Oy for purchasing real estate. With funding the platform’s largest ever loan in the country’s capital, the peer-to-peer platform entered in Finnish market.
Andra Rubene, Attorney at Law, Partner, Rūdolfs Vilsons, Associate, and Reinis Grunte, Associate, at TGS Baltic assisted BENU Aptieka Latvija SIA, one of the leading medicines retail chains in the Baltics, with acquisition of 100% shares of SIA Pils zaļā aptieka, a pharmacy in Jelgava, Latvia, from a private person, thereby expanding Benu network of 69 pharmacies in Latvia.
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