BaltCap-backed Piletilevi Group expands in the CEE region with two significant acquisitions

The recent acquisitions in Romania and the Czech Republic increased Piletilevi’s volume of annually issued tickets to 15 million and the mediated ticket turnover to 210 million euros still in 2023. The company plans to increase ticket sales to 300 million euros in the next three years.

According to BaltCap partner Oliver Kullman, the acquisitions are part of the company’s strategy to expand to new markets and achieve a leading position as a ticket sales platform in the CEE region. „In addition to organic growth, M&A opportunities in the markets where Piletilevi has already established a foothold, remain relevant. We are excited to back Piletilevi in its geographical expansion and building the company into a regional business champion,“ said Kullman.

Piletilevi Group CEO Sven Nuutmann commented: “We see excellent cooperation opportunities with the founders and management of both acquired companies to grow the business further. The new businesses help us to create synergies in different aspects of service provision and thereby offer a better service to Romanian, Czech Republic and Baltic event organizers and ticket buyers. Piletilevi is very well positioned to bring its latest software solutions of the ticketing world and its vast experience to the CEE market.

Piletilevi Group is an international ticket sales company that owns Piletilevi in Estonia, Bilesu Serviss in Latvia, in Lithuania, in Romania and the full-service ticketing environments operating under the brands in Czech Republic, Slovakia, Poland and Germany.

Piletilevi Group celebrated 26 years of operation in 2023 and is the largest and best-known ticket sales platform in the Baltic states, offering customers the opportunity to buy tickets for various events, including concerts, theatre performances and sports events.

Piletilevi Group is in the portfolio of BaltCap Private Equity Fund III (BPEF III), which invests in innovative companies in the Baltic and Nordic countries following a buy-and-build strategy.

Company profiles
About has been operating in the Romanian market for 17 years, selling over 1.5 million tickets per year. With 40 employees, the company sells tickets in the online environment, which has 1 million visits a month at 1,600 partner sales points across the country, with more than 300 customers in all fields of events. The main areas served are sports, electronic music festivals, children’s entertainment, and theatre. is also an official partner of the Romanian Football Federation.
– More about

GoOut platform offers full-service ticketing, marketing, and event management solutions across Czech Republic, Poland, Slovakia and Germany.In 2022, GoOut supported 2,100 event organizers and cultural venue operators, facilitating 3.7 million tickets for 18,000 events. The platform's primary distribution channel is the web and app-based GoOut cultural guide. GoOut's ticketing platform supports online ticket sales through merchants' websites and offers various offline ticketing options, including permanent ticket desks, mobile ticket desks, and branded ticket shops.
– More about GoOut
BaltCap is the largest and most experienced private equity investor in the Baltics covering buyouts, growth, venture, and infrastructure investments. Since 1995, BaltCap has invested in over 100 companies across a wide range of industry sectors and raised aggregate capital of over €700 million. BaltCap has a team of 40 investment professionals working across Tallinn, Riga, Vilnius, Warsaw, Helsinki, and Stockholm offices.

Additional information:

Oliver Kullman
BaltCap, Partner

Photo credit: Silas Baisch/ Unsplash ; BaltCap

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