TGS Baltic advised AB “Baltic Opportunity”, a company controlled by Lords LB Asset Management on closing the deal to acquire 100% of shares of UAB “Technopolis Ozas” from UAB “Technopolis Lietuva”, a company indirectly owned by international private equity house Kildare European Partners.
Technopolis’ main assets are a complex of 6 offices in Lithuania, while a significant portion of revenue is generated via services. The transaction is the largest of its kind in the Baltic states. A syndicate of Swedbank and SEB granted credit to the bidder in the amount of EUR 125 million for the acquisition.
The deal was the largest office transaction in the history of the Baltics and one of the largest commercial real estate transactions in the Baltics of the last several decades.
Ozas campus in Vilnius comprises 6 distinct office buildings, all of which are LEED certified (Leadership in Energy and Environmental Design). The total leasable area is 106,000 square metres, representing about one-tenth of the total modern office space in Vilnius and accommodating more than 140 companies on campus at the day.
TGS Baltic assisted the client on all transaction-related matters, including formulation of offers, legal due diligence, negotiations, signing and closing assistance, as well as arranging financing in the amount of EUR 125 million from Swedbank, AB and AB SEB bankas syndicate. Further, TGS Baltic assisted in obtaining competition clearance. The transaction encompassed a range of legal instruments for successful purchase of the target, its refinancing and ensuring continuous operation with seamless transitioning process and agreement in relation to branding.
