TGS Baltic assisted one of the founders and the sole management board member of Altero Group with his exit from the financial comparison platform Altero that operates in the Baltic countries, by selling his stake to OÜ OM TEENUSED and handing over the management to the new management team. Altero platform is operated by the Latvian holding company SIA Altero, which owns subsidiaries UAB Altero LT in Lithuania and Altero OÜ in Estonia. The transaction was signed on 26 February 2024 and completed on 25 April 2024.
Within eight years, the founder, former minority shareholder and the sole management board member of Altero Group established and developed a rapidly growing fin-tech company in the Baltic States. Altero is the only financial comparison platform operating in all Baltic countries. Several hundred million loans have been issued through Altero.
Altero offers fast IT integration and stands out as one of the best-performing IT solutions. The company’s Baltic financial comparison platform prioritised user UI/UX well before this approach became widespread. The company implemented creative marketing campaigns in the financial sector that worked brilliantly. Brand recognition for Altero continues to grow year after year.
The founder, former minority shareholder and the sole management board member of Altero Group is grateful to all its cooperation partners, banks, other lenders, advertising agencies, insurance companies, and other customers and suppliers.
Our team and involvement
TGS Baltic provided the founder, former minority shareholder and the sole management board member of Altero Group with the full legal assistance necessary to implement the transaction. It included the signing and execution of transaction documents.
Andra Rubene, Jānis Bite, Rūdolfs Vilsons, Anna Vaivade, Kaspars Treilibs, and Karīna Narņicka-Čumakova ensured the legal support during the entire process of implementing the transaction.
