Labochema, a leading provider of laboratory supplies and related services in the Baltic region, has secured growth capital financing from Lithuania SME Fund.
Tag Archives: BaltCap
BaltCap Seeks To Invest €0.5 mln In Latvian M2M Company Vendon
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 exits Estonian Laundry Service Venture Tallinna Pesumaja
The Baltic SME Fund – an investment vehicle advised by leading private equity investor BaltCap, has sold its significant minority stake in Estonian textile rental and laundry service provider Tallinna Pesumaja to local private investors. The Baltic state’s leading PE fund had provided capital for setting up a new laundry facility and development of the [...]
PE fund BaltCap Acquires Stake in Lithuanian Health Club Chain
BaltCap has picked up a majority stake in Lithuania’s leading health and fitness club chain Impuls LTU through the Lithuania SME Fund. The USD 2 million investment would be used for potential add-on acquisitions in the future as the health club eyes organic growth in the under-penetrated domestic market. The Impuls deal is the second [...]
BaltCap Latvia Venture Capital Fund Invests 1.5 Million Euros Into AGroup
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 [...]
Latvian Based EUROLCDS Recieves Start-Up Investments From BaltCap
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’s Lithuania SME Fund To Make First Investment In Ygle
BaltCap will make its first investment from the Lithuania SME Fund into Ygle, Lithuania’s leading provider of building systems solutions. The Lithuania SME Fund is co-financed by the JEREMIE (Joint European Resources for Micro to Medium Enterprises) Holding Fund which is held by the European Investment Fund. Ygle (www.ygle.lt) Ygle mainly provides services to retail, [...]
100% Of Shares In Latvia Based SIA Adam Auto Sold By BaltCap
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 [...]
BaltCap Invests in SIA Runway Share
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 [...]
BaltCap Acquires More Than 90% of Kelprojektas’ Total Shares
Baltic region venture capital firm BaltCap has announced an investment which gives it a controlling interest in Kelprojektas, a Lithuanian engineering company. More than 90% of Kelprojektas’ total shares were acquired by the BaltCap Private Equity Fund from the company’s former shareholders. Those former shareholders included an unnamed financial investor and two separate road construction [...]
BaltCap Gains Majority Share of Oobelisk Start-Up
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 Invests €3.2m for Stake in Estonia’s Trev-2
BaltCap, the Baltic States’ leading private equity investment firm, has purchased a significant minority stake in Estonian road construction company Trev-2. BaltCap spent €3.2 million to acquire 1.5 million new shares, equal to a stake of 20.75%. BaltCap made the acquisition based on plans to take the company public sometime in the future. It is [...]
BaltCap’s New JEREMIE Fund Makes First Investment in Primekss
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 [...]
BaltCap Reinvests in Estonia’s TREV-2 Group
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 [...]
New BaltCap Lithuanian SME Fund Attracts €20m
A new risk capital fund from BaltCap, the leading private equity investor in the Baltic States, has attracted some €20 million from several key investors. The fund is focused on Lithuanian micro, small and medium enterprises and is part of the JEREMIE Holding Fund (JHF) initiative for Lithuania. JHF contributed €14 million with the remainder [...]
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 [...]
EIF Joins BaltCap in New €30m Latvian Fund
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 [...]
SAS Exits Air Maintenance Via Sale to BaltCap
Air Maintenance Estonia (AME) has been sold by owner Scandinavian Airlines (SAS) to BaltCap for an undisclosed sum. SAS acquired the Estonian company in 2003 but has since decided to shed its maintenance operations in favour of concentrating on core business activities. Estonia-based BaltCap acquired 100% of AME in part because of the company’s outlook [...]
Ekspress Grupp To Sell Hotline Group to BaltCap
Estonian media giant Ekspress Grupp has announced an agreement to sell its Ekspress Hotline Group to Cheh OÜ, a holding company belonging to Baltic investment firm BaltCap. The contract calls for a sale in the amount of EUR 6 million (EEK 90 million), but the price will not be finalized until the transaction is completed. [...]
BaltCap Acquires 75% Stake in Quattromed HTI Laborid
BaltCap a Baltic State Private Equity firm has acquired a 75% stake in Estonia’s largest, private medical diagnostic company-Quattromed HTI Laborid. Medicap Holdings served as the holding company during the transaction. Individual Estonian investors and a Finnish Biotech company, FIT Biotech, were identified as the sellers; however, neither party would reveal the size of the [...]
