Catella Private Equity will become a shareholder in Intrac Group AB, the leading heavy machines trade company in the Baltic States, through newly issued shares. Following the issue, Baltic Investment Fund III and Intrac management will each hold slightly more than 35% of the company and Catella Private Equity will hold around 25%.
Intrac Group AB (www.intrac.se)
Intrac supplies tracked and wheeled machines for forestry, material handling and earthmoving to customers throughout the Baltic States. It is an exclusive distributor for John Deere Forestry, Case Construction, Kalmar Industries, Manitou telehandlers and BOMAG compaction equipment. Intrac’s service network includes stationary workshops as well as mobile service vans.
In 2006 Intrac reported sales totalling € 85 million and employed more than 200 people. Intrac is headquartered in Stockholm and has subsidiaries in all Baltic countries.
Intrac has been active in heavy machine trade in the Baltic countries since 1994. It used to be part of Finnish trading company Thomesto OY. In 2002 the management of Intrac together with Baltic Investment Fund III made a MBO.
Catella (www.catella.com)
Catella is an independent European finance group specialising in asset management, financial advisory services and proprietary investments. Catella Private Equity is an exclusive advisor to proprietary funds that primarily invest in unlisted Nordic companies with a turnover in the range of € 25 to € 85 million.
BaltCap (www.baltcap.com)
BaltCap Management is one of the leading independent private equity and venture capital provider focusing on mid-market expansion capital and buyout investments in the Baltic States. BaltCap has a presence in all three Baltic countries with a team of 10 investment professionals.
To date BaltCap has managed four private equity and venture capital funds with total capital of € 50 million and has made 35 investments out of which 22 have been fully exited.
08/06/2007
Automotive & Aerospace & Nautical, Central & Eastern Europe, Latvia, Sweden