In January 6, 2022 pan-Baltic cloud software distribution company TVG was acquired by USA-based distributor Pax8 that operates in Europe under Resello brand. With headquarters in Riga and offices in Vilnius and Tallinn, TVG has over 20 years of experience in cloud service and software distribution in the region. It works with products of such companies as Microsoft, Adobe, Corel, TeamViewer and others. Acquisition of TVG drives the European expansion strategy of Pax8 that sees Baltic region as important next geographical step.

Capitalia acted as sole financial advisor to the owners of TVG in the business sale and search of the strategic investor. From Capitalia’s side the project was lead by Juris Grišins. Legal advisory to the company has been provided by Cobalt Legal. Work on this transaction solidifies Capitalia’s leading market position as financial advisor to the Baltic small and medium sized companies, complementing our investment and business financing products.