TMF Group acquired UAB Nordgain

TMF Group, a Dutch multinational professional services firm providing accounting, tax, HR administration, and global payroll services, has acquired 100% of the shares in UAB Nordgain. 

Nordgain, part of the Noewe group, provides accounting, payroll, and tax return services in Lithuania and Latvia. The company is well recognized in the market for its professional standards and continuously growing client base, serving both local and international businesses.

This acquisition establishes TMF Group’s presence in the Baltic region and expands its service offering, allowing the company to deliver broader international expertise combined with local market knowledge. By integrating Nordgain’s experienced team, TMF Group aims to enhance efficiency and service quality for its clients in Lithuania and Latvia. 

The transaction was supported by the Ellex Valiunas mergers and acquisitions (M&A) team, including Associate Partner Aleksandr Asovskij. The team advised the client on all legal aspects of the transaction, from due diligence and negotiations to signing and completion.

Ellex Valiunas M&A practice is among the most experienced and recognized in the Baltics, consistently advising on complex local and cross-border transactions across a wide range of industries.