Invest-IQ

Baltic states PE and VC leader BaltCap has made a sizeable investment in Ekju, the regions largest garden furniture manufacturing house. The EUR 1.5 mln investment is likely to be used to modernize the target company’s production facilities as well as contribute towards its working capital. The funding comes from a mix of private investors [...]

Latvian online adobe illustration tool developer Infogr.am now has the firm backing of HackFwd, the European new-business accelerator. HackFwd’s investment strategy is unique; it invests upto GBP 200,000 per target team and takes on a 27-percent stake, and gives the startup company access to its vast international pool of operational experts in that particular domain. [...]

UK based IT infrastructure and software technology company Clusterpoint has secured EUR 1 million in investments from Baltcap – Baltic regions leading venture capital firm. The startup had earlier received seed funding from London based VC Imprimatur Capital while Latvian VC firm Eko Investors provided the next round of funding. Clusterpoint plans to use Baltcap’s [...]

Labochema, a leading provider of laboratory supplies and related services in the Baltic region, has secured growth capital financing from Lithuania SME Fund.

The Baltic region’s leading PE fund, BaltCap, seeks to invest EUR 500.000 in Vendon, a Latvia-based draugiem.lv group company that provides telemetry-based monitoring solutions to international and local models of vending machines. The fund comprises moneys from the European Union Structural Funds as well as private investors. Vendon Vendon is a group company of Latvia-based [...]

BaltCap, through its Latvia Venture Capital Fund, has invested into Riga-based IT company AGroup. BaltCap purchased a significant minority share valued at EUR 1.5 million. The Latvia Venture Capital Fund is part of the EU Structural Fund and is in part financed by the JEREMIE Holding Fund. AGroup (www.agroup.lv) AGroup was originally founded in 1995 [...]

The Baltic States leading private equity and venture capital firm BaltCap has invested into the start-up of a Latvian based LCD (Liquid Crystal Display) production company, EUROLCDS. The investment was made through the European Investment Fund – JEREMIE, with financing by the EU Structural Fund. The decision to finance this start-up was based in part [...]

BaltCap, a large private equity firm, and its minor shareholders, have agreed to sell 100% of the stock that is held in their Baltic Investment Fund III for Adam Auto SIA, to Amserv Group. Amserv Group is a subsidiary of Hansa Auto SIA, the largest auto sales company in Estonia and Latvia. Adam Auto SIA [...]

Latvian cable TV operator SIA Baltkom TV has new ownership after two of Europe’s leading private equity investors joined forces to acquire the company. AXA Private Equity and Resource Partners have agreed to a transaction which allows them to purchase Baltkom together. The two investors entered into a strategic partnership nearly one year ago, and [...]

One of the Baltic region’s leading private equity investors, BaltCap, has acquired a significant stake in business services company SIA Runway. BaltCap has acquired 40.82% of the company from it’s principle investor, Norway’s Dasha AS, via funds from the BaltCap Private Equity Fund which it manages. It is unclear how much control BaltCap will have [...]

Baltic pharmaceutical company JSC Grindeks (Grindex) has announced the receipt of a notification from Stockholm-based East Capital indicating that the private equity investor has increased its shares in the company. Prior to the transaction East Capital owned slightly more than 955,000 shares. After the transaction that number was raised to more than 975,000 shares. The increase gives [...]

BaltCap has announced a deal that gives the PE and VC investor a majority stake in Oobelisk, a corporate media startup in the Baltic region. The deal was completed within the framework of the EU’s JEREMIE initiative, which provides EU member states with financing for equity investments and loans targeted at small and medium-sized enterprises. Oobelisk [...]

BaltCap has announced the first investment for its BaltCap Latvia Venture Capital Fund, a €1.4 million, minority-share deal with concrete flooring company Primekss. The fund is a JEREMIE Holding Fund financed in partnership with the EU Structural Fund’s European Investment Fund (EIF). The investment is a milestone for both BaltCap and the EIF in that [...]

Latvian-owned Nordic Partners has announced the acquisition of Nordic Partners Ltd., an international holding company with assets in the retail food, logistics, and commercial real estate sectors. The deal to acquire 51% of the holding company now puts dozens local and regional business and brands in the hands of Latvian ownership. Nordic Partners has undergone [...]

BaltCap Latvia has announced a new Latvian-focused venture capital fund in concert with the European Investment Fund (EIF), making it the first to complete fundraising under EIF’s JEREMIE process. JEREMIE is made available to select financial institutions through the EU Cohesion policy to help streamline and maximize SME investment. Investors of the new €30 million [...]

Latvia’s second largest bank, Parex Bank, is slated to receive assistance from the EBRD. The state of Latvia owns nearly an 85% stake in the bank which has suffered drastically during the economic downturn. If approved by authorities, the deal would give the EBRD 25% plus one of the total shares of Parex in exchange [...]

Ananey Communications, an Israeli company, is set to purchase Baltic-based holding company, TVCorp. Martinson Trigon Venture Partners announced the sale of the company after investing EUR 1.4 million into the development of the alternative television market. TVCorp (www.mtveesti.ee / www.mtv.lt / www.mtv.lv) TVCorp operates as a holding company for the three Baltic countries, establishing various [...]

Contaq Latvian Cable and ARGUS Capital Group acquired Latvian cable television company IZZI SIA / Tella Capital Limited for €20 million in junior capital provided by the Syntaxis Mezzanine Fund. One-hundred percent of Tella Capital’s shares were purchased. Klavins & Slaidins in Riga and Macfarlanes in London both served as advisors to Syntaxis Capital in [...]

BaltCap, one of the leading private equity investors in the Baltic States, acquired 100% of the Interinfo group of companies in Estonia, Latvia and Lithuania. Interinfo (www.interinfo.biz) Interinfo is the leading operator of “yellow pages” directories in the Baltics and provide print, internet and directory assistance products. Interinfo has operating companies in Estonia, Latvia and [...]

Hanzas Elektronika, a BaltCap portfolio company, acquired Sweden’s 5th largest electronic manufacturing services company Elektromekan i Årjäng AB from Westergyllen AB. SIA Hanzas Elektronika (www.hansa-electronics.lv) Hanzas Eletronika („HE“) is the largest electronic manufacturing services (EMS) company in Latvia, headquartered in Ogre and operating a subsidiary in Ventspils, named Ventspils Elektronikas Fabrika. HE launched its operations [...]