BPM Mezzanine Fund exited its investment in Estonian telecommunication network contractor Corle
BPM Mezzanine Fund (BPM), a leading mezzanine financing provider in the Baltic countries, announced on 16th August its exit from Corle OÜ, a contractor for electricity and telecommunication networks. The exit marks the end of a six-and-a-half-year partnership that focused on providing high-quality network construction services.
BPM remains committed to its strategy of investing in and supporting companies through financing both expansion plans and buyout situations. Throughout the investment period, Corle built up a professional team of project managers in the network construction, which enables it to expand its customer base in the future.
Priit Uuemaa commented: “ BPM support enabled to lay a strong financial base for the company’s growth outlook. We thank BPM for the trust and cooperation throughout these years.”
“Our team gained valuable insights that will guide our future investments and strengthen our commitment in creating long-term value for our investors. We are grateful to Corle’s management team for the cooperation," said Priit Veering, Partner of BPM Capital.
For further inquiries, please contact:
BPM Capital: Priit Veering, tel: +372 605 0074, e-mail: priit.veering@bpmcapital.eu
Corle: Priit Uuemaa, tel: +372 5565 0605 e-mail: priit@corle.ee
More information about BPM Capital
BPM Capital (www.bpmcapital.eu) is an independent investment manager operating out of two offices, in Tallinn and Warsaw. It has been founded and is managed by Kalmer Kikas, Martin Reinson, Paweł Zabrzycki and Priit Veering. BPM is supported by prominent international and domestic institutional investors. BPM was originated through the Baltic Innovation Fund initiative created by cooperation between Estonia, Latvia, Lithuania and the European Investment Fund.
More information about Corle
Corle OÜ (www.corle.ee) was founded in 2006. The company constructs electricity- and telecommunication networks in Estonia and is an important partner to state and private infrastructure companies. Corle has 32 employees and is generating ca 6m euros in sales per annum.