TGS Baltic, working with Vinge, has advised Helix Kapital on the sale of its shares in the Spring Media Group to Two Circles. The transaction also involved a buyout of local minority shareholders in SIA 4.vara who were advised by TGS Baltic and CMS' Stockholm office. Sorainen and Latham & Watkins reportedly advised Two Circles.
Helix Kapital is a Swedish private equity firm.
Spring Media Group is an international full-service sports media agency.
Two Circles is a sports and entertainment business.
According to TGS Baltic, with this transaction, HLXK Kapital AB sold 100% of the shares in Spring Media Intressenter AB, a Swedish holding company, which includes Latvia-based SIA 4.vara.
The TGS Baltic team included Partner Andra Rubene and Senior Associates Anna Vaivade, Vladlena Rudusane, and Rudolfs Vilsons.
