Estonia’s BaltCap has made a move to reinvest in a company it exited seven years ago. BaltCap recently signed an agreement to acquire a 25% stake in TREV-2 Group for an undisclosed sum. The private equity firm first invested in TREV-2 back in 1998, holding on to their stake until they sold it to Alta Capital in 2003. TREV-2 preferred BaltCap over other potential investors due to their previous working relationship. The company plans to use the new investment financing to implement their growth plans. The parties expect the deal to be completed by the end of September.
TREV-2 Group is an Estonian civil engineering and road construction company established over a decade ago. The company offers the full spectrum of civil construction services from the design stage right up to full project completion. TREV-2 customers include Estonia’s municipalities and water authorities, the Tallinn Education Department, the national Ministry of Foreign Affairs, and a handful of other entities. The company is based in Tallinn.
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.