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Mantas Gofmanas

Senior Associate

Vilnius, Lithuania

+370 5 251 4444; 251 4445

mantas.gofmanas@tgsbaltic.com

English, Lithuanian, Russian and German

MAJOR PROJECTS

Advised AB INVL Technology, a company investing in information and communication technologies, on its transformation into a special closed-ended investment company (2016);

Successfully advised City Service, a holding company managing one of the largest corporate groups engaged in facility management and integrated utility services in Europe, on establishment of a European Company (Societas Europaea, SE) and admission of its shares to trading on the Warsaw Stock Exchange (2015);

Advised AB Avia Solutions Group on Lithuanian law issues in implementing the offering of the newly issued shares to the selected investors and admitting them to trading on the Warsaw Stock Exchange. This offering raised almost EUR 15 million to the company (2014);

Advised UAB Baltic Champs, a major producer of champignons, in structuring and implementing the merger with AB Agrowill Group, the major agricultural goods producer with shares listed in Vilnius and Warsaw Stock Exchanges. The transaction was the first of such type in Lithuania. Total value of the transaction amounted to almost EUR 30 million. After the merger transaction, he also advised the company in implementing a mandatory tender offer to buy up the remaining voting shares in AB Agrowill Group. This was the first mandatory tender offer made in Lithuania, during which shares were be purchased on two stock exchanges (AB NASDAQ OMX Vilnius and Warsaw Stock Exchange) (2014);

Advised ING Securities S.A. and Rubicon Partners Corporate Finance S.A. on Lithuanian law issues in connection with the initial public offering of AB AviaAM Leasing to investors in Poland and admission of shares thereof to trading on the Warsaw Stock Exchange. This public offering, which raised over PLN 112 million, was the second largest IPO in Lithuania over the last 13 years (2013);

Advised FR&R Invest IGA S.A., Swedbank group company, in submitting and implementing the mandatory tender offers to buy up the remaining voting shares of company group ALITA, AB and AB Anykščių Vynas, also in addressing the Supervision Service of the Bank of Lithuania for reduction of the offer prices (it was for the first time in Lithuania that the offer prices were successfully reduced) (2011–2012);

Advised Rubicon Partners Corporate Finance SA and Dom Maklerski IDM SA on Lithuanian law issues, in connection with offering of newly issued shares of AB Agrowill Group to investors in Poland and admission of the company’s shares to trading on the Warsaw Stock Exchange, also admission of the newly issued shares to trading on AB NASDAQ OMX Vilnius. This transaction was the first admission of shares of a company registered in Lithuania to trading on regulated markets of two countries (2011);

Advised Valeant Pharmaceuticals International, Inc. in submitting and implementing a mandatory tender offer to buy up the remaining voting shares of AB SANITAS (transaction value: approx. EUR 19.8 million) (2011);

Advised Rubicon Partners Corporate Finance SA and Dom Maklerski BZ WBK SA on Lithuanian law issues, in connection with initial public offering of newly issued shares of AB Avia Solutions Group to investors in Poland (transaction value – EUR 19 million) and admission of the company’s shares to trading on the Warsaw Stock Exchange. This transaction was the first admission of shares of a company registered in Lithuania to trading on foreign regulated market (2010–2011);

Represented a major private and risk capital holder in the Baltic States BaltCap OU in establishing the first risk capital fund in Lithuania, investing into small and medium-size enterprises in Lithuania. It is a part of the Lithuanian initiative of the JEREMIE Holding Fund controlled by the European Investment Fund (EIF) (2010).

OTHER EXPERIENCE

Represented Credit Value Investments and the funds managed by it in the course of investing into bonds of AB Civinity, structuring the bond issue and creating related necessary instruments securing the issuer’s obligations. The nominal value and the issue price of subscribed bonds is EUR 11 million (2017);

Rrepresented Lietuvos energija, UAB in structuring the first in the Baltics specialised corporate risk capital fund, also in coordinating all fund establishment related documents with the selected fund manager Contrarian Ventures (2017);

Represented AB INVL Asset Management and funds managed by it regarding acquisition of shares in Lithuania SME Fund and BaltCap Latvia Venture Capital Fund from UAB SEB Venture Capital (2017);

Represented UAB FMĮ Finasta and its clients regarding structuring of the issue and acquisition of convertible bonds of AS Lauma International. The bonds were issued in order to partly finance the acquisition of Felina International AG by AS Lauma International (2017);

Advised AB INVL Baltic Real Estate, an investment company specialising in investments into real estate, on over EUR 9 million share issue on the NASDAQ OMX Vilnius (2016);

Advised INVL Technology, a company investing in information and communication technologies, on successfully completed public offering of shares with the total issue price of over EUR 10 million and admission thereof to trading on the NASDAQ OMX Vilnius (2015);

Counselled AB Grigiškės on secondary offering of its newly issued shares to the existing shareholders as well as to other investors (2013);

Advised AB Klaipėdos Nafta in connection with offering of its newly issued shares to the existing shareholders of the company and their admission to trading on AB NASDAQ OMX Vilnius (transaction value: about EUR 15 million) (2012);

Acted as legal adviser of KJK Fund SICAV-SIF, Firebird Republics Fund, Ltd.and Firebird Avrora Fund, Ltd. in submitting and implementing a mandatory tender offer to buy up the remaining voting shares in AB Snaigė (2011);

Advised the European Reconstruction and Development Bank and other shareholders of AB Šiaulių Bankas in submitting and implementing the mandatory tender offer to buy up the remaining voting shares of the bank. Advised AB Šiaulių Bankas in performing a secondary private placement of its shares (transaction value: EUR 7.4 million) (2009–2010);

Represented the leading corporate financial advisor in Scandinavia and in the Baltic States, Swedbank Corporate Finance regarding the initial public offering of AB Linas Agro Group shares, the total value of which was EUR 28 million (2009–2010);

Counselled one of the largest retail medicine networks in reorganising its group companies (2009–2010);

Counselled UAB Melesta, a metal processing company operating in five major cities of Lithuania, on issues of business restructuring and initiation of restructuring proceedings (2009–2010);

Counselled UAB ARMITANA, one of the major companies controlling the network of footwear shops in Lithuania in disputes with its lessors (2009);

Assisted UAB FMĮ Orion Securities, one of the major financial intermediaries in Lithuania, in due diligence of corporate and regulatory documents (2009);

Counselled UAB COWI Lietuva, a major company providing engineering consulting and design services in reorganising its group companies (2008–2009);

Advised a shareholder of AB LEO LT regarding a mandatory tender offer to buy up the remaining voting shares of the company (2008);

Counselled one of the major television channels in Lithuania in the merger by acquisition of UAB Vakarų Lietuvos Televizija (2008);

In case of a shareholder dispute in a major confectionery factory in Lithuania, represented one of the shareholders in takeover of the control of the company (2008);

Represented a major marketplace in Kaunas in settlement of a shareholder dispute (2008);

Counselled the concern VIKONDA UAB in transformation of the controlled companies group (2008);

Assisted in connection with legal due diligence of AB Lietuvos Energija and AB Rytų Skirstomieji Tinklai (2007);

Assisted in connection with legal due diligence of AB Farmacija (2007);

Assisted in connection with legal due diligence of AB Stumbras (2007);

Counselled a Lithuanian agricultural company holding one of the largest and most modern meat processing factories in the Baltic States on establishment of a subsidiary (2007);

Participated in legal due diligence of UAB MG Baltic Media and its subsidiaries (2007);

Represented Enterprise Investors and assisted in connection with due diligence of the major Lithuanian tour operators, Novaturas, Aviaturas ir Partneriai and Excursus (2007);

Represented Gebr. Heinemann in connection with opening of a duty-free shop in Vilnius International Airport (2007);

Assisted in a legal due diligence of Karoliniškės Clinic and Naujosios Vilnios Clinic (2006);

Represented the client and assisted in legal due diligence of a major telecommunications company in Lithuania (2006);

Advised AB Panfarma on its transformation into a private limited liability company (2006);

Assisted in a legal due diligence of UAB Margiris and UAB Baldų Pasažas (2006).

PUBLICATIONS

  • Panaikintas perteklinis reikalavimas akcijų perleidimo sandoriams (Redundant requirement for share transfer transactions abolished) // Verslo žinios, September 2017 
  • New regulation ensures an easier life for funds // Verslo žinios, June 2017
  • Changes for bond dealers and buyers // Verslo žinios, November 2016
  • Consider Structuring​ an Investment Company (Fund)? Why Not Do This in Lithuania?"​ // CEE LEGAL MATTERS, October 2016
  • Reanimation of KŪB and TŪB status: funds rubbing hands // Verslo žinios, April 2016
  • The new form of notifications about voting rights for the issuer will come into force // Verslo žinios, February 2016
  • Investment management companies should prepare for the changes (lit. Investicijų valdymo įmonės turėtų ruoštis pokyčiams) // Verslo žinios, January 2016
  • Listed companies - significant regulatory changes (lit. Listinguojamoms įmonėms – reikšmingi reguliavimo pakeitimai) // Verslo žinios, October 2015
  • Steps on the way to the capital markets union (lit. Tiesiamas kelias kapitalo rinkų sąjungos sukūrimui) // Verslo žinios, October 2015
  • Alternatives for funding small and medium-sized businesses (lit. Alternatyvos smulkiojo ir vidutinio verslo finansavimui) // Verslo žinios, July 2015
  • Public Institutions and Associations will have to present annual financial documents to the Register (lit. Siekiama didinti viešųjų įstaigų ir asociacijų skaidrumą) // Delfi žinios, February 2015
  • Lithuanian bond market opens a new page (lit. Lietuvos obligacijų rinka verčia naują puslapį) // Verslo žinios, January 2015
  • Regulation on payment for securities on the way (lit. Pakeliui reglamentas dėl atsiskaitymo už vertybinius popierius) // Verslo žinios, June 2014
  • A gap in law closed (lit. Panaikinta spraga) // Verslo žinios, September 2013
  • New law speaks of mature Lithuanian investment market (lit. Naujas įstatymas byloja apie subrendusią Lietuvos investavimo rinką) // Verslo žinios, June 2013
  • Lithuania Squeeze-out Guide for IBA Corporate and M&A Law Committee, 2010
  • Preparation for the Annual General Meetings of Shareholders (lit. Pasirengimas eiliniam visuotiniam bendrovės akcininkų susirinkimui) // Vadovas, January 2009.
  • Chapter 6.1. General Meetings of Shareholders: Manual Office Administration (lit. Visuotiniai bendrovės akcininkų susirinkimai. Biuro administravimo žinynas) // Verslo Žinios, August 2008.

MEMBERSHIPS

  • Lithuanian Bar Association
  • Lithuanian Young Bar Association

PROFESSIONAL CAREER

  • Since 2017 Associate and later Senior Associate at law firm TGS Baltic (former TARK GRUNTE SUTKIENE)
  • Since 2006 Associate and later Senior Associate at law firm Sutkiene, Pilkauskas & Partners 
  • 2006 consultant at the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania

EDUCATION

  • 2007 Vilnius University, Faculty of Law (Master of Law)