TGS Capital markets practice leadership continues as AviaAM Leasing completes IPO in Poland

TGS Baltic added a new deal to its reputable Capital markets portfolio as the firm advised the lead manager ING Securities S.A. and advisor Rubicon Partners Corporate Finance S.A. in the initial public offering (IPO) of AviaAM Leasing. The company completed the offering to Polish investors in June 2013 and its shares should be admitted to trading on the Warsaw Stock Exchange on 28 June 2013.

This public offering, which raised over PLN 112 million, is the second largest IPO in Lithuania over the last 13 years. AviaAM Leasing is the seventh Lithuanian company assisted by TGS Baltic in executing the IPO – according to the data of the law firm only 9 Lithuanian companies managed to successfully complete IPO so far.

In this process Vidmantas Drizga, partner of TGS Baltic, and Mantas Gofmanas, lawyer of TGS Baltic, were advisors on the Lithuanian law issues (whereas law firm Baker & McKenzie advised on Polish law issues). The team of TGS Baltic structured the offering, drafted the prospectus of the offering of AviaAM Leasing shares and their admission to the Polish regulated market and all other documents, related to the project, represented AviaAM Leasing, ING Securities S.A. and Rubicon Partners Corporate Finance S.A before the Bank of Lithuania, the Central Securities Depository of Lithuania, as well as performed all other necessary actions related to the IPO.

AviaAM Leasing is an integrated group of aviation companies, providing services of acquisition, lease, trading and management of commercial aircraft mostly in Russian and CIS markets.