M&A and Private Equity
We lead high-value, cross-border deals across the Baltics – from public and private M&A to private equity, venture capital, and strategic investments. Recognised by Chambers Europe, IFLR1000, Legal 500, and CEE Legal Matters, our team combines legal precision with commercial focus to structure resilient transactions that deliver results and drive growth.
Experts in this field
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Ivars GrunteLatvia -
Sander KärsonEstonia -
Agnese HartpengaLatvia -
Kadri KallasEstonia -
Marius MatonisLithuania -
Eugenija SutkienėLithuania -
Agnius PilipavičiusLithuania -
Andra RubeneLatvia -
Aurimas PauliukevičiusLithuania -
Dalia Tamašauskaitė-ŽilienėLithuania -
Ieva Judinska-BandenieceLatvia -
Ieva Povilaitienė, PhDLithuania -
Inese HazenfusaLatvia -
Kirsti PentEstonia -
Uldis JudinskisLatvia -
Vidmantas DrizgaLithuania -
Elena MickevičienėLithuania -
Indrek ErgmaEstonia -
Indrė Vickaitė-LiatukėLithuania -
Paulius DabulskisLithuania -
Anu KirssEstonia -
Karl KullEstonia -
Laura ZalānaLatvia -
Mirko KikkamägiEstonia -
Alīna LepereLatvia -
Anna VaivadeLatvia -
Domantas VilysLithuania -
Ingeri-Helena KakkoEstonia -
Justina DrėgvaitėLithuania -
Laura ĒrkšķeLatvia -
Liina Männiste-TordikEstonia -
Roma MorkūnaitėLithuania
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Zane SkļaminaLatvia -
Britte KoppelEstonia -
Kristaps DortānsLatvia -
Marija ToomjõeEstonia -
Meda StankutėLithuania -
August KukkEstonia -
Merlin MatsonEstonia -
Emilija KiškytėLithuania
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Deals & cases
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21.10.2026 | EstoniaSpintop Ventures leads investment round in InsurTech startup Cachet
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16.10.2026 | LithuaniaSuperhero Capital portfolio company AISPECO to be acquired by Volatus Aerospace
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28.08.2026 | LithuaniaSuperhero Capital invests in Lithuanian AI startup Guideless
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28.08.2026 | LithuaniaSuperhero Capital invests in AI-powered car rental platform Sigvi
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07.08.2026 | EstoniaBioforce Secures 3SIIF Investment to Expand Biomethane Operations
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13.07.2026 | LithuaniaOxylabs has officially become Lithuania’s second most valuable unicorn
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05.05.2026 | EstoniaFinal Frontier investment targets faster battlefield decisions with G-Next Intelligence platform
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07.04.2026 | LatviaVGP Group acquires a remarkable real estate property
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23.03.2026 | LithuaniaTop Sport Sells a 70% Controlling Stake to Fortuna Entertainment Group
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04.03.2026 | Estonia, Latvia, LithuaniaTele2 and GCI completes the transaction to create the first pan-Baltic tower company
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02.03.2026 | LatviaOwner of waste management company Ķilupe sells shares to CleanR
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02.03.2026 | Latvia, LithuaniaAuga Group Sold Baltic Champs
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19.02.2026 | EstoniaTallinn Dental Clinic became part of the Tallinn Hospital group
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06.02.2026 | LatviaEUR 50 million project using Tesla technologies will be developed in Latvia
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13.01.2026 | LithuaniaBaltCap (Lithuania SME Fund) has sold its stake in Exercise Investment, the company controlling the Lemon Gym and Impuls fitness clubs
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08.01.2026 | LithuaniaZilch to acquire AB Fjord Bank
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07.01.2026 | EstoniaNetflix acquires Estonian startup Ready Player Me
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29.12.2025 | LatviaHavi Logistics gets acquired by Rimi
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23.12.2025 | LatviaSIA “Rīgas satiksme” exercises its rights of first refusal to acquire a 49% stake in SIA “Rīgas karte”
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21.11.2025 | LatviaINVL Bridge Fund successfully exits from Finto Capital
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29.09.2025 | LatviaShareholders of VAIRO IPAS sell 100% of their shares to IPAS INDEXO
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24.09.2025 | EstoniaTEGOS advised Varangians on their investment into DefenceTech startup NORDA Dynamics
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23.09.2025 | EstoniaSunfish Partners backs C2Grid’s near real-time 3D geospatial battlefield intelligence platform in pre-seed first close
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17.09.2025 | EstoniaA. Le Coq bought Värska Originaal
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08.08.2025 | Estonia, Latvia, LithuaniaTele2 and Manulife IM backed GCI create the first pan-Baltic tower company
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02.07.2025 | LatviaShareholders of SIA Futurus Food sell 100% of their shares to UAB Sakalas
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09.06.2025 | EstoniaAdvised Lendurai on its €5.5M investment round led by Expeditions Fund, HCVC and Vsquared Ventures
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03.06.2025OneMed acquired ITAK
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31.05.2025 | Estonia, LatviaORAC NV acquires the Orac products distribution business from DECOREST DISAIN OÜ/Ahti Läheb
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10.05.2025 | LithuaniaCross‑Border Merger of the Largest Baltic Retail Group under the Updated EU Directive
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22.04.2025 | EstoniaTEGOS advised 2C Ventures on investment into ESG risk management startup Esgrid
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07.04.2025TEGOS advised GreenTech startup Soldera on €2.2 million investment round led by Lifeline Ventures
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25.03.2025 | EstoniaAdvised Dawn Capital on a EUR 45 million Series B investment in Estonian cybersecurity startup Blackwall
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20.03.2025TEGOS Advised AS ESTIKO on the Sale of 49% of Estiko Energia to UBRE Solar Ky
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14.02.2025 | LatviaAdvising BeTriton on all legal aspects in raising financing through Crowdcube
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04.02.2025TEGOS assisted Verge Eesti in acquiring the business from its Norwegian parent company
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30.01.2025TEGOS advised the City of Tallinn on the planning of a unified Tallinn hospital
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27.01.2025 | EstoniaTEGOS advised SmartCap’s Green Fund on making an investment into energy technology startup Fusebox
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13.01.2025TEGOS advised IVC Evidensia on Acquisition of Leading Veterinary Clinic
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08.01.2025 | EstoniaAdvising Delux Holding OÜ on the Acquisition of Mivar-Viva AS
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20.12.2024 | LatviaTEGOS and Vinge assisted Bergs Timber AB in the sale of 100% of shares of SIA Vika Wood
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27.11.2024TEGOS advised Estiko-Plastar on the acquisition of packaging manufacturer Sefko’s plant
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25.09.2024 | EstoniaTEGOS advised 2C Ventures and AS SmartCap
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04.09.2024 | Estonia, LatviaTEGOS advised TÜV SÜD AG on the acquisition of Carspect Group Holding AB
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01.03.2024 | LithuaniaTGS Baltic advised AB “Baltic Opportunity”, a company controlled by Lords LB Asset Management in the acquisition of 100% of the shares of UAB “Technopolis Ozas”
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28.02.2024 | Estonia, Latvia, LithuaniaTGS Baltic together with Cederquist advised Kinnevik on the sale of Tele2 shares to Freya Investissement
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21.02.2024 | Estonia, Latvia, LithuaniaStrategic acquisition: TEGOS advised IFCO SYSTEMS in acquiring 100% BEPCO OÜ shares
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21.01.2024 | LithuaniaTGS Baltic assisted Mitsubishi on acquiring 20% stake in European Energy
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16.01.2024 | EstoniaTEGOS advised Estonia’s state fund SmartCap on making an investment into Estonian deeptech startup Up Catalyst in its 4MEUR seed round
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23.11.2023 | Latvia, LithuaniaAdvised INVL Baltic Sea Growth Fund in the acquisition of Galinta Group
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13.10.2023 | Estonia, Latvia, LithuaniaTEGOS advised Hawesko on entering into a strategic partnership with the Dunker Group
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12.10.2023 | EstoniaTEGOS advised Paul-Tech in attracting an investment of 1.4 million from leading Estonian venture capital investors
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29.09.2023 | LithuaniaTGS Baltic advised Nord Security, Lithuanian cyber security tech unicorn, on attracting $100 million investment
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08.09.2023 | Latvia, LithuaniaAssisted Clean Energy Infrastructure Fund in acquiring 100% shares of three companies with a portfolio of solar projects with a total capacity of 55 MW in Latvia from the developer SIA Evecon via the special purpose vehicle Clean Energy Investments UAB.
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06.07.2023 | LithuaniaPPMI joins Kantar Public!
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02.06.2023TEGOS advised shareholders of Eesti Digiraamatute Keskus (EDRK) on the sale of a minority stake in EDRK to PE fund BaltCap
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16.05.2023 | LithuaniaTGS Baltic advised AB Amber Grid in selling 66% stake in Get Baltic, UAB to European Energy Exchange (EEX)
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20.04.2023 | LithuaniaTGS Baltic advised Livonia Partners on investment in the fast-growing sustainability innovator Bagfactory
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06.04.2023 | LithuaniaTGS Baltic advised investment funds managed by BaltCap, the largest private equity firm in the Baltic States
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10.01.2023 | LithuaniaBiggest deal in Baltics: TGS Baltic advised the buyer in the acquisition EECP Retail Properties II and III
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30.11.2022 | LithuaniaTGS Baltic advised Litgrid, the Lithuanian electricity transmission operator, on the acquisition of shares in Norwegian company TSO Holding
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28.10.2022 | LithuaniaTGS Baltic advised the seller in the transaction to sell the shares of KickerTech to Betsson, one of the largest companies within the European iGaming industry
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22.09.2022 | LithuaniaTGS Baltic represented InMedica in the acquisition of Vilnius Implantology Center Clinic
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21.09.2022TEGOS advised on a EUR 11.6 million investment transaction in Estonia
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12.09.2022TEGOS advised on the sale of shares between esteemed Estonian companies
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09.08.2022 | LithuaniaTGS Baltic advised the shareholders of Kilo Health in the sale of minor part of company shares to Scandinavian and Estonian funds
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05.07.2022 | LithuaniaTGS Baltic advised founders of the space company NanoAvionics in the sale of a controlling stake to Norwegian company Kongsberg Defense & Aerospace
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01.06.2022 | LithuaniaTGS Baltic assisted Galio Group in acquiring commercial building from GROA Real Estate Fund I
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20.05.2022 | LithuaniaTGS Baltic advised Civinity on the acquisition of the Inservis Group
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26.04.2022Sunly acquired Polish solar power developer Alseva
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22.04.2022 | LithuaniaTGS Baltic team advised Tesonet in closing investment to Žalgiris group
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10.04.2022TEGOS advised LHV Pension Funds on the acquisition of the first office building in Estonia designed according to the Green Building concept
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07.04.2022 | LithuaniaTGS Baltic advised Nord Security on becoming the second Lithuanian unicorn
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15.02.2022 | LithuaniaTGS Baltic advised Green Genius, one of Europe’s leading renewable energy companies, on acquiring a 85-MW wind farm in Lithuania
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10.02.2022 | LithuaniaTGS Baltic has acted as the leading legal advisor for Euroapotheca in EUR 700 M transaction
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01.02.2022 | Estonia, LithuaniaTGS Baltic advised BaltCap on the sale of BPT Real Estate, one of the largest property management companies in the Baltics, to Newsec
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10.01.2022 | LithuaniaTGS Baltic advised InMedica on acquiring a plastic surgery centre in Kaunas
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06.01.2022Assisted OptiGroup with its acquisition by FSN Capital.
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17.12.2021 | LithuaniaTGS Baltic advised the shareholders of Medicinos Bankas on the sale of 100% of the bank’s shares
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08.12.2021 | Latvia, LithuaniaTGS Baltic advised Naujoji Ringuva and Spodrība in joining forces and setting up a leader in the Baltic region
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20.09.2021We advised LHV pension funds on acquiring a production building from Ensko Ensek AS
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13.09.2021 | LithuaniaTogether with White&Case, advised Avia Solutions Group on attracting EUR 300 million of investments from Certares Management LLC
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10.09.2021TEGOS advised Estateguru on raising series A round investment of EUR 5.8M
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15.08.2021 | LithuaniaTGS Baltic advised Akropolis Group on signing the transaction to acquire one of the largest shopping centres in Riga – Alfa
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23.07.2021 | LithuaniaTGS Baltic advised Light Conversion on the sale of 25% of shares to 7-Industries
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12.07.2021 | LithuaniaTGS Baltic advised shareholders on the sale of the startup LastMile to Iki, one of the largest retail companies in Lithuania
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02.06.2021 | LithuaniaTGS Baltic advised BaltCap on selling the shares of Ecoservice to Eco Baltia
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22.04.2021 | LithuaniaTGS Baltic advised founders of Strive, a North America focused technology company, on the sale of Strive Platform shares worth EUR 5,4 million
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14.04.2021 | LithuaniaTGS Baltic advised Evernord Asset Management on establishing a new fund and investing in a real estate object in Riga
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07.04.2021 | LithuaniaTGS Baltic advised the sellers on the sale of ritual services company Ritualas and the biggest funeral home in Lithuania
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01.04.2021 | LithuaniaTGS Baltic advised MCI on the sale of the shares of Pigu worth EUR 37 million
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02.02.2021 | EstoniaAssisted with the cross-border merger of Balti Realiseerimiskeskus and BR Merger into BRC.
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31.12.2020 | LithuaniaTGS Baltic advised OTB Ventures, Europe’s largest VC firm focused on tech start-ups, on its investment into Ondato
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21.12.2020TEGOS advised the sale of one of the newest and most modern fuel terminals in Estonia
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02.12.2020 | LithuaniaTGS Baltic represented LitCapital on the acquisition of Altechna
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20.11.2020 | LithuaniaTGS Baltic advised Maxima Group on transforming the structure of the group
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14.10.2020 | LithuaniaTGS Baltic advised INVL Baltic Sea Growth Fund on merging the medical clinics of the MediCa Group and InMedica
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26.08.2020 | LatviaAdvised Moller Real Estate Baltic AS on the acquisition of real estate in Riga near the Riga International Airport.
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15.07.2020 | LithuaniaTGS Baltic represented Opera Limited in the acquisition of Fjord Bank
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27.06.2020 | LithuaniaTGS Baltic advised Koinvesticinis fondas on their investment in Discontract startup
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23.06.2020 | LithuaniaTGS Baltic advised LitCapital on selling NNL LT, a leading temperature-controlled goods company in Lithuania and Latvia
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09.06.2020 | LithuaniaTEGOS advised Ignitis Group and Litgrid on selling the shares of Duomenų logistikos centras
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11.05.2020 | LithuaniaTGS Baltic advised the shareholders of Medicinos Bankas on the sale of 100% of the bank’s shares
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09.04.2020TEGOS advised a producer of precast concrete products AS Framm on the acquisition of AS Lasbet Tootmine, an undertaking operating in the same field
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20.01.2020TEGOS advised client in acquiring headquarter of Danske Bank
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12.01.2020 | LithuaniaTGS Baltic advised Šiaulių bankas on the acquisition of the retail loan portfolio of EUR 125 million
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31.12.2019TEGOS advised Veho on selling its subsidiary
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23.12.2019 | LithuaniaTGS Baltic advised BaltCap on the acquisition of Lithuanian meat processing company Krekenavos agrofirma
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21.10.2019 | LatviaTGS Baltic assisted Inspired, a leading global premium schools group, with entering into transaction with British schools group, King’s College.
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24.09.2019 | Estonia, Latvia, LithuaniaTGS Baltic assisted SIA Brain Games with the acquisition of Lithuania’s wholesaler and retailer of board games and toys UAB New Media Publishing
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22.08.2019 | LithuaniaTGS Baltic advised on the transfer of UAB KS Investicija shares and on signing the biggest office space deal in the Baltics with UAB Tesonet
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30.07.2019 | LithuaniaTGS Baltic advised AB Avia Solutions Group in its merger to a company in Cyprus
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17.04.2019 | LatviaTGS Baltic assisted with commencement of opening of the first Zara Home shop in Latvia
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07.02.2019 | Estonia, LatviaTGS Baltic assisted LMT GROUP AB (Sweden) with acquisition of a number of PLM Group companies in Latvia and Estonia.
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30.01.2019 | LatviaTGS Baltic helps Polish Fund obtain clearance for merger with Morele.net. Sp.z.o.o.
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08.01.2019 | LatviaTGS Baltic assisted Expobank CZ a.s. with financing the acquisition of the Radisson Blu Daugava Hotel by Astor Group (Latvia) from PBR Hotel (USA)
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06.01.2019 | LatviaTGS Baltic assisted Belgian investment group Straco
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02.01.2019 | LatviaTGS Baltic assisted AS Augstsprieguma tīkls with obtaining of the merger clearance by the Latvian Competition Council for potential acquisition of a decisive influence over AS Conexus Baltic Grid
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21.08.2018Advising Ermitažas in acquiring Bauhof
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02.04.2018 | EstoniaAdvising Eesti Ühistukapital in acquiring 5% ownership in Coop Pank from Inbank
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16.03.2018 | EstoniaEuroapteek completed the transaction to acquire Ülikooli Apteek pharmacy network
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13.02.2018 | LatviaTGS Baltic assisted BENU Aptieka Latvija SIA with acquisition of 100% of shares of SIA Pils zaļā aptieka
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19.01.2018 | LatviaTGS Baltic assisted KnowledgePrice with the sale of 100% shares to Sapiens International Corporation
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04.01.2018 | Latvia, LithuaniaTGS Baltic advised the Ministry of Economics on acquisition of 16,05% of the shares of AS Conexus Baltic Grid from SIA ITERA Latvija
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11.09.2017 | LatviaTGS Baltic assisted BENU Aptieka Latvija SIA with acquisition of 100% of share of SIA Cēsu Vecpilsētas Aptieka
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23.08.2017 | LatviaTGS Baltic assisted HAVI Global Logistics GmbH with buy-out of the minority shareholder of HAVI Logistics SIA
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07.03.2017 | EstoniaAdvising Citypark Eesti in selling its shares to Modus Group
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29.11.2016 | EstoniaAdvising Cybernetica on selling navigation systems business unit to a Canadian corporation
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21.11.2016 | EstoniaAdvising AK Systems in selling IT services business to Telia Estonia
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30.09.2016 | LithuaniaAdvised bank Snoras in the sale of a loan portfolio
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29.09.2016 | EstoniaAdvising Viru Haigla on the acquisition of Karell Kiirabi
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19.09.2016 | EstoniaAdvising the sale of GoAdventure to Avia Solutions Group
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10.05.2016 | LatviaTGS Baltic provided legal assistance to Skandinaviska Enskilda Banken AB (SEB)
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27.10.2015 | LatviaTGS Baltic advised BBG AS and Baltikums Bank AS
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25.09.2015 | LatviaCommunicorp sells the shares of Radio SWH to Cinamon Holding
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11.06.2014 | LithuaniaTGS Baltic as the sole legal advisor to 4energia, the largest Baltic wind farm developer
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05.06.2014 | EstoniaAdvising the sale of Cinamon cinema chain
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01.01.2014 | LatviaOperations of a manufacturer and distributor of medicinal products in Latvia
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01.01.2013 | LatviaUS private equity house Apollo considers marketing in Larvia
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12.01.2011TEGOS advised ERGO’s life insurance companies cross-border merger in the Baltics
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11.06.2007 | LithuaniaTEGOS advised Enterprise Investors in sale of Novaturas
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News
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03.06.2026 | LithuaniaPartner Dalia Tamašauskaitė-Žilienė appointed Head of Baltic M&A practice group
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28.05.2026 | Estonia, Latvia, LithuaniaA historic achievement across the Baltics: triple win at CEE Legal Matters Deal of the Year awards
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27.04.2026 | Estonia, Latvia, LithuaniaTele2 and Manulife transaction wins the Baltic Private Equity Deal of the Year 2026 award
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