Invest-IQ

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 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 [...]

AS MicroLink Eesti has acquired the Baltic IT training and consultant firm IT Koolituskeskuse OÜ from BaltCap. Transaction details were not revealed, however, AS MicroLink Eesti, an Estonian IT firm, will retain 83% ownership stake in IT Koolituskeskuse OÜ. IT Koolituskeskuse OÜ (www.koolitus.ee) IT Koolituskeskuse is the largest information technology training and consultancy firm 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 [...]

BaltCap, a leading private equity firm in the Baltic States announced a first close of BaltCap Private Equity Fund at EUR 57 million earlier this month. The targeted Fund size is € 70 million with a maximum set at EUR 100 million. The Fund’s investors include EBRD, European Investment Fund (under the European Union “Competitiveness and Innovation [...]

The member of management of BaltCap have completed the 100% buy-out of the leading Baltic private equity fund manager from Evli Group and CapMan. BaltCap will continue to manage Baltic Investment Fund III and Baltic SME Fund together with CapMan and Evli Group, and manage future funds independently. CapMan (www.capman.com) CapMan is one of the [...]

Catella Private Equity will become a shareholder in Intrac Group AB, the leading heavy machines trade company in the Baltic States, through newly issued shares. Following the issue, Baltic Investment Fund III and Intrac management will each hold slightly more than 35% of the company and Catella Private Equity will hold around 25%. Intrac Group [...]

Baltcap sold its minority position in the mobile network virtual operator ZetCOM to Latvijas Mobilais Telefons Ltd., the leading telecom operator in Latvia. SIA ZetCOM (www.zetcom.lv) ZetCOM is the largest of 6 virtual mobile operators using SIA Latvijas Mobilais Telefons (LMT) network. ZetCOM will continue its prepaid telephone cards AMIGO and Hallo! Business and as [...]

BaltCap sold its minority position in one of the leading Baltic office supplies companies UAB Daily Service to Aigas Holding SIA, a company related to Iceland-based office supplies group Penninn h.f. for an undisclosed amount. UAB Daily Service (www.dailyservice.lt) Founded in 1999, Daily Service operated as international franchise of Office 1. Since 2004, the Company [...]