TGS Baltic and Juzala Salwa have advised CVI on its full acquisition of APF Holdings' EUR 7 million private bond placement.
According to TGS Baltic, "APF Holdings, which includes one of the largest Baltic egg producers, SIA Aluksnes Putnu Ferma, has raised EUR 7 million via a private bond issue for the implementation of its development plans [...] The maturity for the bonds is set at four years."
APF Holdings plans to use the funds obtained from the bond issuance to implement its growth plans, including the "construction of two new laying hen sheds, the introduction of new egg product processing production lines, and the construction of warehouses. Attracting such a volume of emissions allows APF Holdings to increase production by 60%," TGS Baltic reported.
CVI is an independent Polish investment company that currently manages 11 different funds with total assets of EUR 750 million.
The TGS Baltic team included Partner Inese Hazenfusa and Associate Martins Galzons.
The Juzala Salwa team included Partner Jakub Salwa and Junior Associate Jakub Jadanowski.