VILGERTS assisted Summus Capital OÜ with the issue of unsecured bonds in the amount of EUR 10 million, arranged by Signet bank. Summus Capital OÜ, established in 2013, is an Estonian-based investment company which has diversified commercial real estate portfolio in the Baltics. The group possesses a portfolio of cashflow generating commercial real estate properties in the retail, office, logistics and medical segments. The VILGERTS team included managing partner, Gints Vilgerts and senior associate, Kristīne Mora. Other lawyers involved, included Kaido Loor.
Assisted INVL Baltic Sea Growth Fund in acquiring controlling stake in Eco Baltia. VILGERTS team assisted in the whole process, including with legal due diligence, merger control, transaction advisory and negotiations.
Regularly advises A3E Capital SICAV plc, a fund in Malta, on ownership residence and structuring, tax optimization, owners’ tax compliance, etc.
Developing a legal framework and a unique contractual arrangement for Merks SIA to indirectly finance construction of residential project. The negotiations involved potential lending by SEB banka and complex financial security arrangement. The expected project value would exceed EUR 20 Mio.
Assisting the Latvian Ministry of Economics in creating a single state-owned holding providing business development aid. The entity manages assets worth EUR 500 Mio. through shares in financial institutions LGA, Hipotēku banka and LAF. We showed that the holding would receive in-house services from these institutions, so public procurement rules would not apply.
Assistance to Salt Investments ehf, an Icelandic investment fund, in potential purchase of the shares in the leading business school in Latvia. The firm carried out legal due diligence and worked on the share purchase agreement.