BaltCap’s Contact Holding Completes Ekspress Hotline Acquisition

After ten months of working through the process, BaltCap Private Equity finally completed its 100% acquisition of Ekspress Hotline AS on the 25th of February. BaltCap portfolio company Contact Holding signed the original acquisition agreement with Estonia’s Ekspress Grupp in April of last year.

Ekspress Hotline (www.egrupp.ee) & (www.1182.ee)
Originally formed in 1993 as part of Estonian media company Ekspress Grupp AS, Ekspress Hotline is a business information company providing contact information in the familiar “yellow pages” format. The company’s directories contain phone numbers and addresses as well as zip codes, trunk codes, schedules for buses and trains, flight information, currency and exchange rates, and entertainment and venue information.

Ekspress Hotline is based in Estonia’s capital city, Tallinn.

BaltCap (www.baltcap.com)
BaltCap is a private equity and venture capital firm established in 1995. The firm is one of the leading investors in the Baltic Region, leading the way in Estonia, Latvia and Lithuania. To date BaltCap has made a total of 38 investments with 23 of them fully exited. Since it’s inception the company has raised five funds Baltic Investment Fund I and II which have been exited, Baltic Investment Fund III and Baltic SME Fund which are fully invested, and BaltCap Private Equity Fund which is still actively investing.