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BaltCap invests in Fitekin and ONEA software platforms
18 July 2024
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
17 August 2023
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
03 August 2023
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
25 July 2023
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
24 July 2023
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
07 July 2023
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
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 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