TGS Baltic has advised Pax8 on its acquisition of cloud services and software distributor TVG. Cobalt advised TVG's shareholders on the sale.
According to TGS Baltic, "the acquisition will provide Pax8’s entrance into the Baltic States to continue advancing digital transformation globally."
Riga-headquartered TVG has been operating in the Baltic States for over 20 years. The company provides solutions for Adobe, Corel, Altaro, TeamViewer, ManageEngine, and several other technologies.
"With its technology and vision, Pax8 is having an incredible impact on small and midsize business worldwide by empowering them with enterprise-grade cloud solutions," Pax8 Europe Managing Director Harald Nuij commented. "We are thrilled to welcome TVG to offer partners in the Baltic States access to innovative solutions, streamlined processes, professional services, and comprehensive support to build robust technology stacks, delivering greater value to their clients."
The TGS Baltic team included Latvia-based Partners Andra Rubene and Nauris Grigals, Associates Ilga Valko, Toms Tidemanis, Kaspars Treilibs, and Rudolfs Vilsons, Lithuania-based Partner Aurimas Pauliukevicius and Associate Paulius Dabulskis, and Estonia-based Partner Kadri Kallas and Junior Counsel Mirko Kikkamagi.
The Cobalt team included Managing Partner Lauris Liepa and Associate Anna Vladimirova-Kryukova.