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BaltCap invests in Fitekin and ONEA software platforms

BaltCap Private Equity Fund III acquired Fitekin and ONEA, which are pre-accounting software platforms for invoice management and approval workflow, from Unifiedpost Group. BaltCap is backing the business in further developing the platforms’ AI and machine-learning capabilities, and expanding into new regions to help an increasing number of companies on their path to digital transformation.

Baltic VCA-s announcement on the misconduct at BaltCap

29 February 2024

In November 2023 BaltCap, a relevant player in the Baltic PE/VC industry, publicly announced misconduct in its Infrastructure Fund in Lithuania. According to Baltcap, a now former partner of the fund Šarunas Stepukonis had managed to embezzle amounts estimated to be as high as 40 million euros. Lithuanian and EU investigative authorities have launched criminal proceedings in the case.

EXIT: BaltCap exits Estonian ambulance service provider Karell Kiirabi

20 February 2024

BaltCap Growth Fund (BGF) exits Estonian ambulance service provider Karell Kiirabi as BGF portfolio company Pihlakodu sells 100% of the subsidiary to the owners of local elderly care chain Südamekodud. During the BaltCap holding period, Karell Kiirabi fully upgraded its fleet and ambulance stations and witnessed solid business growth.

BaltCap launches €200 million successor infrastructure fund

17 October 2023

The 20-year successor fund aims to contribute to increasing the resilience of the region with a focus on renewable energy generation, energy demand reduction, and social as well as transport infrastructure investments in the Baltics and Poland. The fund is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation.

BaltCap receives full alternative investment fund manager’s licence

BaltCap has been granted a full alternative investment fund manager (AIFM) licence by the Estonian Financial Supervision and Resolution Authority (EFSA).

BaltCap and Draugiem Capital become majority shareholders of IGLU brand developer Pepi Rer

BaltCap, the largest private equity fund manager in the Baltics and investment company Draugiem Capital invest in Latvia-based multi-sector production company SIA Pepi Rer to boost the global expansion of the business. Pepi Rer is widely known for its soft play brand IGLU, floor insulation brand ProVent, as well as the production of construction and packaging materials. After the transaction, BaltCap and Draugiem Capital will become the majority shareholders of the company.

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

BaltCap portfolio company Piletilevi Group, the largest ticket sales platform in the Baltic states, has recently announced two substantial acquisitions in Central and Eastern Europe (CEE). Piletilevi will obtain an 80.2% stake in the leading Romanian ticketing company Bilete.ro and an 80% stake in the Czech Republic’s most visited ticketing platform GoOut.net.

BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange by acquiring Xpediator

BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange by acquiring Xpediator

BaltCap-backed Piletilevi Group expands to Romania

BaltCap portfolio company Piletilevi Group, the largest ticket sales platform in the Baltic states, is acquiring a majority stake in Bilete.ro, the leading ticketing company in Romania. Piletilevi Group is acquiring an 80.2% stake, with 19.8% retained by the current shareholders of Bilete.ro, Andreea Pop, Ion Stanciulea and Razvan-Teodor Opran.

BaltCap-backed Adoro acquires Latvian elderly care operator and expands its reach in Latvia’s care sector

BaltCap, the leading private equity fund manager in the Baltics, through its portfolio company Adoro, signed an agreement to acquire a 100% stake in Senior Baltic SIA, which operates the Latvian elderly care facility Dzintara Melodija. The add-on investment is part of Adoro’s strategy to build a leading social and healthcare chain that provides high-quality care services in Latvia.

BaltCap to acquire a majority stake in Hansab, the leading Baltic automation services provider 11 May 2023

BaltCap makes a recommended cash offer to acquire AIM listed Xpediator Plc 06 April 2023

BaltCap to become the majority shareholder of HansaMatrix 03 April 2023

BaltCap to develop a €22 million Police Headquarters PPP project in Lithuania 29 December 2022

BaltCap enters the Latvian social and healthcare sector 30 November 2022

EXIT: BaltCap sells Blue Bridge Technologies to Everfield 11 November 2022

BaltCap buys the largest bookstore in Estonia, Rahva Raamat 18 October 2022

BaltCap to acquire Alma Littera Group, the leading publishing house & omnichannel book retailer in the Baltics 09 September 2022

EXIT: BaltCap sells Vendon to international technology group Azkoyen 05 July 2022

EXIT: BaltCap and Nalka sell INTRAC to United Partners Investments 16 June 2022

EXIT: BaltCap signs agreement to sell Uprent to Renta 06 June 2022

BaltCap Infrastructure Fund starts the construction of EUR 42 million wind farm 25 May 2022

BaltCap invests in solar energy generation in Latvia to enhance the energy independence in the Baltics 20 April 2022

BaltCap invests in Nord Security, a global leader in internet privacy and security solutions 07 April 2022

BaltCap enters the pet care market to boost Pan-Baltic growth of the sector 14 March 2022

EXIT: BaltCap sells Baltic property manager BPT Real Estate to leading European property house Newsec 01 February 2022

BaltCap Infrastructure Fund will finance greenfield biomass CHP construction in Alytus 30 December 2021

BaltCap Infrastructure Fund will invest EUR 6 million into private school project in Lithuania 23 December 2021

BaltCap invests in apparel and footwear retailer Weekend to accelerate its growth in the New Nordics 16 December 2021

BaltCap Infrastructure Fund to upgrade sports infrastructure in Poland 30 November 2021

BaltCap and Lithuanian Ministry of Education, Science and Sport, and Vilnius City Municipality signed the largest PPP agreement in the Baltics 08 October 2021

DEAL TALKS: Šarunas Alekna of BaltCap talks about Workland acquiring UMA centers in Tallinn and Vilnius 09 August 2021

EXIT: BaltCap sells Kool, Latvian chain of fuel stations and convenience stores to Olerex 02 August 2021

BaltCap backed Workland buys UMA centers in Tallinn and Vilnius 27 July 2021

EXIT: BaltCap Infrastructure Fund signs agreement to sell biomass CHP in Riga to Northern European district heating company Gren 14 July 2021

EXIT: BaltCap sells the leading Estonian waste management company Eesti Keskkonnateenused 29 June 2021

EXIT: BaltCap sells Labochema to French laboratory supply distributor Dominique Dutscher 09 June 2021

EXIT: BaltCap sells Ecoservice to Eco Baltia, the largest environment management group in the Baltics 18 May 2021

BaltCap closes the third buyout fund at record size 15 April 2021

DEAL TALKS: Martin Kõdar and Oliver Kullman of BaltCap talk about funds´ exit from Qvalitas and Unimed 14 April 2021

EXIT: BaltCap sells one of the leading European wooden garden furniture producers EKJU 31 March 2021

EXIT: BaltCap sells Qvalitas and Unimed to leading Nordic healthcare company Mehiläinen 08 March 2021

BaltCap acquires Baltic Ticket Holdings, the leading ticketing company in the Baltics and Belarus 18 January 2021

BaltCap to carry out largest street lighting PPP investment in Poland 14 January 2021

BaltCap invests in Tradehouse, a leading omnichannel player in Estonian beauty product sale 22 December 2020

DEAL TALKS: Marius Miškinis of BaltCap talks about their recent investment in Verkter 17 December 2020

DEAL TALKS: Maciej Kopanski of BaltCap talks about the largest PPP for the construction of local road lighting in Poland 10 December 2020

DEAL TALKS: BaltCap partner Sandijs Abolins-Abols talks about the acquisition of Kafe-Serviss 07 December 2020

BaltCap invests in Verkter – a fast growing e-commerce group for DIY tools and accessories 26 November 2020

BaltCap portfolio company Coffee Address completed the acquisition of Kafe-Serviss 25 November 2020

BaltCap to finance the largest PPP for the construction of local government road lighting in Poland 25 November 2020

NordicNinja VC invests in Realeyes 15 October 2020

EXIT: BaltCap sells Ygle Pastatu Valdymas to Finnish property services provider SOL 22 September 2020

Hackathon co-organised by BaltCap awards startups focusing on the drainage system and cleaning the bottom of water bodies 03 July 2020

DEAL TALKS: Criss Uudam of BaltCap talks about their €13.6 million PPP investment into education infrastructure 01 June 2020

BaltCap invests €13.6 million to upgrade education infrastructure in Kaunas District 27 May 2020

BaltCap launches successor buyout fund focusing on the New Nordics 03 October 2019

BaltCap sells Estonian auto24 to Baltic Classifieds Group 22 August 2019

BaltCap exits Fitek to one of Europe’s leading FinTech firms 03 April 2019

BaltCap about to establish a new €100m fund focusing on the Nordic and Baltic region 05 December 2018

BaltCap Infrastructure Fund acquires biomass plant in Riga 11 October 2018

Caffeine is acquired by Norway’s Reitan Convenience 03 October 2018

BaltCap Infrastructure Fund undertaking a project to build a new school in Vilnius 20 September 2018

4th exit for BaltCap this year: Kelprojektas sold to Tyréns 12 July 2018

More steam for BaltCap Infrastructure Fund: EBRD invests €20 million 06 July 2018

BaltCap exits TREV-2 25 May 2018

BaltCap exits Runway BPO to global BPO and customer experience company Webhelp 18 May 2018

BaltCap exits Magnetic MRO 03 January 2018

BaltCap Infrastructure Fund acquires Anaerobic Holding 22 December 2017

ESTVCA elects Kristjan Kalda as a new Chairman 07 November 2017

BaltCap launched new €50m regional growth fund 30 June 2017

BaltCap to launch €50m investment fund for Baltic SMEs 04 May 2017

BaltCap increased its ownership in TREV-2 by acquiring an additional 38% stake from East Capital Explorer AB for €5.7 million 17 March 2017

BaltCap invests in leading Estonian classified portals auto24 and Kuldne Börs 15 March 2017

BaltCap announces new Partners 14 November 2016

BaltCap exits gas infrastructure and trading company Energate 26 October 2016

BaltCap-backed FCR Media Group expands to Belgium and ensures 9x revenue growth for the BaltCap investment 11 July 2016

BaltCap invests in Estonian occupational health care company Qvalitas 30 May 2016

BaltCap furthers regional waste management consolidation 03 December 2015

BaltCap invests in leading dental care provider in Estonia 27 November 2015

BaltCap‘s portfolio company Impuls acquires Arctic Sport clubs in Estonia 27 November 2015

BaltCap to aquire Baltic operations of financial automation company OpusCapita 11 November 2015

BaltCap Private Equity Fund II acquires one of the largest property managers in the Baltic States – BPT Real Estate 01 September 2015

BaltCap’s portfolio company Trafi raises a $6.5m series A funding 22 May 2015

BaltCap invests additional EUR 1 million in STENDERS 12 March 2015

BaltCap invests in Lithuanian wind farm 02 June 2014