BaltCap, the largest private equity and venture capital investor in the Baltics, exited gas infrastructure and trading company Energate. The company was acquired by a group of private investors.
Energate is a gas infrastructure and trading company operating pipelines in Estonia with the core network near Tallinn and Tartu.
BaltCap acquired the company in 2008. During the holding period Energate completed several acquisitions, annual sales volumes increased from 2 million m3
to 10 million m3
and the pipeline expanded from 37 km to 123 km.
It is the third successfully developed and exited infrastructure asset by BaltCap this year. In January, BaltCap exited 18MW Tuuleenergia wind farm in Estonia and 24MW Eurakras wind farm in Lithuania to Lietuvos Energija.Contacts for enquiries:
Tel: +372 50 87 967