Enterprise Investors invests in Novaturas

Enterprise Investors has invested € 40 million in Novaturas, the largest tour operator in the Baltic States.

Novaturas Group (www.novaturas.lt)
Established in 1999, Novaturas Group is the largest tour operator active in Lithuania, Latvia and Estonia, offering a range of quality travel packages unrivalled in the region. Consolidated revenues amounted to € 65 million in 2006 and are expected to grow to € 100 million in 2007. The Company plans to serve 150,000 customers in 2007.

Enterprise Investors (www.ei.com.pl)
Enterprise Investors is one of the largest firms managing private equity funds in Central and Eastern Europe. Since 1990 the company has raised six funds totalling € 1.6 billion. To date, these funds have invested € 1 billion in 106 companies across many sectors, including almost € 400 million in the services and consumer goods sectors. The Enterprise Investor fund has exited 90 investments with total proceeds of over € 1.3 billion.