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Lithuanian Billionaire Retains TGS Baltic as Strategic Advisor

Lithuanian Billionaire Retains TGS Baltic as Strategic Advisor


Prominent Lithuanian entrepreneur Nerijus Numavicius has signed a long-term strategic partnership agreement with TGS Baltic, which will serve as his strategic adviser for legal and business management issues.

Numavicius is the billionaire owner of the private Vilniaus Prekyba holding company that controls and by means of its subsidiaries operates retail and pharmacy chains, real estate developments, shopping center lease and management companies in the Baltics, Poland, Bulgaria, and Ukraine. The group operates in 18 countries and indirectly employs over 40,000 individuals. Nerijus is also an ultimate beneficial owner of the NDX group, which owns companies operating in the food, baby food, and pet food production and sales businesses in Sweden, Germany, Poland, Czech Republic, Belarus, Lithuania, and Slovakia, among other European and Asian countries.

In a statement distributed by TGS Baltic, Numavicius is quoted as saying: “I am delighted that family office Talka LT headed by Ms. Jolanta Bivainyte and law firm TGS Baltic represented by Ms. Eugenija Sutkiene will work together forming a strong team of legal advisers."

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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