BPM Mezzanine Fund SICAV-SIF, SCA (BPM) invested in the leading Baltic data center operator Digitalas Ekonomikas Attistibas Centrs (DEAC) to support its growth back in October 2016. The investment was used to improve technical equipment and infrastructure, as well as refinancing a part of existing liabilities. On 21st August 2020 DEAC announced the sale of 100% of shares the Company to Quaero European Infrastructure Fund II. With this transaction also BPM exited from its investment into DEAC.
Commenting on the deal, Partner of BPM Capital, Mr. Martin Reinson, noted that we are very happy with the results of our investment in DEAC and we would like to thank DEAC team for dedicated effort in managing and developing the company. It was a great journey together and seeing their commitment to the company and passion developing it I am sure that there are many good days to come for DEAC.
CEO of DEAC, Mr. Andris Gailitis added: we enjoyed 4 years together with BPM and appreciate very highly their responsiveness, professional approach, and flexibility. When BPM entered back in 2016, we managed to put ourselves on a strong foundation to develop the company to where it is today. We could not have achieved this without support from BPM.
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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. Portfolio companies include MarkIT, OC Vision, Eskaro, Corle, Tahe Outdoors, DenEesti, Smiltenes Piens, Zoo Factory, iDS.
More information about DEAC
DEAC (www.deac.eu) is a secure data center services provider headquartered in Latvia. It is providing cloud services, dedicated servers, colocation services, network services, managed services, and data security solutions.