Enter Finds Investor in GILD Arbitrage

Leading Baltic investment bank Gild Bankers, has become a minority partner in Enter, the Estonian digital goods retail chain. The EUR 2 million investment was made through GILD’s Arbitrage Fund, the only multi-strategy hedge fund in the Baltics.

GILD Arbitrage management has been impressed with Enter’s performance over the last three years, and believes and investment in the company fits their portfolio well. Enter plans to use the investment capital to continue its expansion plans and increase sales.

Enter (www.enter.ee)
Enter was established in 2004 as a retail outlet for consumer electronics, with headquarters in Tallinn. The company currently operates 13 stores across Estonia, with a combine work force of over 100 employees. Along with the retail outlets, Enter also has a web based outlet where all it’s products can be purchased and shipped to the consumer. Future plans include four new stores and the expansion of four existing stores, all to include an in-house Apple store, digiDoctor service-area, and a larger home audio department. Enter posted 2007 sales of EUR 11.5 million.

GILD Bankers (www.gildbankers.com)
GILD Bankers was established in 1999, focusing its services on Alternative Funds and Investment Banking, and establishing the New Economy Ventures (GILD Long Haul I) Fund. 2001 saw the launch of GILD Arbitrage, the first market-neutral hedge fund in the Baltics. In addition to its Estonia headquarters, GILD also has offices in Latvia, Lithuania, and the United Kingdom.