News | EstVCA

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

26 May 2023

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, the largest private equity manager in the Baltics, has agreed to acquire a 70% share in the leading Baltic automation services provider Hansab Group.

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

06 April 2023

BaltCap, the largest private equity fund manager in the Baltics, with co-investors made an offer to acquire Xpediator, a fast-growing international freight management company currently listed on the AIM Market of the London Stock Exchange.

BaltCap to become the majority shareholder of HansaMatrix

03 April 2023

BaltCap, through its company Emsco, will become the largest shareholder of the high-tech company HansaMatrix. BaltCap has successfully concluded the voluntary share purchase offer by acquiring 93.1% of HansaMatrix shares.

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

29 December 2022

BaltCap, the largest private equity firm in the Baltics, and the Police Department of Lithuania have signed a contract to design, build, finance and operate the new County Police Headquarters in Šiauliai, Lithuania. Total value of the signed public-private partnership (PPP) agreement is €21.9 million.

BaltCap enters the Latvian social and healthcare sector

30 November 2022

BaltCap Private Equity Fund III (BPEF III), through its subsidiary Adoro, has signed an agreement to acquire the assets of Dzives Abece, a social care center in Latvia. With the investment, BaltCap aims to diversify the range of high-quality care services in Latvia for seniors and other client groups, such as post-treatment rehabilitation and dementia patients. Uldis Prieditis, a seasoned management professional, will serve as Adoro’s CEO.

EXIT: BaltCap sells Blue Bridge Technologies to Everfield

11 November 2022

BaltCap Latvia Venture Capital Fund (BLVCF) sells Blue Bridge Technologies, the leading provider of medical practice management systems in Latvia, to Everfield, a specialized software investor backed by private investment firm Aquiline Capital Partners.

BaltCap buys the largest bookstore in Estonia, Rahva Raamat

18 October 2022

BaltCap Private Equity Fund III (BPEF III) has signed an agreement to acquire Rahva Raamat, the largest integrated book retailer, publisher, and distributor in Estonia. The fund's aim is to further boost the company's growth across the Baltics and to make people's reading and listening choices even more diverse and accessible through faster digitization of Rahva Raamat’s products and services. The transaction will be completed in the coming months, following approval from the Estonian Competition Authority.

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

09 September 2022

BaltCap Private Equity Fund III (BPEF III) signed an agreement to acquire Alma Littera publishing house, Pegasas bookstores, and related group companies to further back the growth of the largest publishing house & omnichannel book retailer in the Baltics. The current management team will continue with the company. The transaction is subject to competition clearance.

EXIT: BaltCap sells Vendon to international technology group Azkoyen

05 July 2022

BaltCap, the largest private equity and venture capital investor in the Baltics, sells Latvian company Vendon SIA to Azkoyen, Spain’s the most remarkable technology multinational company. Vendon SIA is part of Draugiem Group and is a leading company in connectivity and IoT solutions in digital payment and telemetry in Central Europe.

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