BPM Mezzanine Fund II has made its first exit from the second fund
BPM Mezzanine Fund II usaldusfond provided financing for the Latvian IT company DIGMATIX (formerly Digital Mind AS) back in 2022 to support DIGMATIX's first strategic acquisition: the buy-out of Alna Business Solutions in Lithuania, an ERP implementation and proprietary software solutions company, expanding the group's footprint across the Baltics and Poland. Since then, DIGMATIX has continued to build a multi-country platform, employing more than 400 people and serving clients across Europe with capabilities spanning Microsoft Dynamics ERP and CRM implementations, cloud services, AI solutions and business process automation.
Commenting on the exit, Martin Reinson, Partner of BPM, said: “We would like to thank Rinalds Sluckis and the DIGMATIX team for the excellent cooperation over the investment period — straightforward dialogue, impeccable execution and a shared focus on the fundamentals. We have rarely seen a strategy executed with such consistency and discipline as DIGMATIX's team has demonstrated. We wish DIGMATIX and all stakeholders continued success as the buy-and-build story continues to write new chapters.“
Rinalds Sluckis, CEO of DIGMATIX, noted: “We are very grateful for the BPM team for their trust and support, which enabled us to kick off our growth strategy. First step often tends to be the most difficult one, and we are happy that we had a strong and reputable partner alongside us when we started our journey.”
For the BPM team, it marked the first exit from its second fund – BPM Mezzanine Fund II usaldusfond, which continues the mezzanine strategy of the first fund.
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