Building business champions

BaltCap focuses on building businesses that increase the quality of life in our societies. We are the largest private equity fund manager in the Baltic states.

Our story

BaltCap is the largest and most experienced private equity investor in the Baltic states

25+ years

track record

120+

platform investments

€900m

capital raised to date

70+

exits

Buy&Build strategy

3x

revenue growth

4x

EBITDA growth

Strategy

Buyout

Our buyout fund invests in local market leaders with a buy-and-build objective to create internationally recognised business champions.

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Growth

Our growth fund invests in fast growing companies with proven and profitable business models.

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Infrastructure

We target investments contributing to mitigating climate risks. Our primary focus is providing development capital for transport, energy and education infrastructure projects in the Baltics and Poland.

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Portfolio

All Business & Financial Services Consumer Digital Infrastructure Education Electric utilities Healthcare Industrial Logistics Municipal Infrastructure Renewable energy (electricity and heat) Software platforms TMT
Fitek provides Fitekin and ONEA software platforms which offer automatisation and digitisation solutions for invoice management that streamline processes and reduce manual labour.
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Viru Elektrivõrgud is the second largest electricity distribution system operator (DSO) in Estonia
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IGLU Holdings is a Latvia-based manufacturer and exporter of IGLU-branded kids' soft play blocks
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Hansab Group develops and provides security and service automation solutions to B2B customers in logistics, finance, public, retail and other sectors.
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Delamode Group is a dynamic logistics and freight forwarding solutions provider, delivering tailored and customer-centric services globally
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HansaMatrix is one of the leading manufacturers of electronic systems and components in Northern Europe
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BaltCap has an open-minded approach combined with a deep knowledge of what practical actions look like. They are experts in the Baltic market with a clear vision and strong ethics.

By teaming up with BaltCap on Magnetic MRO project we gained like-minded business partners who think big, execute creatively, and have zero compromises on business ethics.

BaltCap is well informed about the business and always acts fast and professionally. Communication with BaltCap team is fun both during and outside office hours.

I have been cooperating with BaltCap for over ten years managing three portfolio companies together. They have undeniably one of the best and result-oriented teams in the region.

We were incredibly lucky to have a professional owner like BaltCap. Their experienced team led Unimed to a remarkable growth journey. The strategic backing of BaltCap enabled us to invest in new and existing clinics, and was critical when coping with the Covid-19 crisis.

News

BaltCap has reached an agreement with the investors of BaltCap Infrastructure Fund I (Fund) on the main terms of the recovery…
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BaltCap has appointed a seasoned financial industry executive, Ege Metsandi, the company’s Chief Executive Officer and…
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BaltCap Private Equity Fund III acquired Fitekin and ONEA, which are pre-accounting software platforms for invoice management…
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The BaltCap portfolio company Piletilevi Group has acquired a majority stake in two Polish ticket sales platforms—Kicket.com…
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The main stage of the internal investigation launched by BaltCap and supported by external experts into the misconduct of…
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BaltCap Growth Fund (BGF) exits Estonian ambulance service provider Karell Kiirabi as BGF portfolio company Pihlakodu sells…
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Partners

Estonia
 Skyon, Maakri 30, 24th floor / Tallinn 10145
Phone: +372 665 0280 / Fax: +372 665 0281

Latvia
Jaunmoku 34 / Riga LV-1046
Phone: +371 6721 4225

Lithuania
J.Jasinskio 16b / Vilnius LT-03163
Phone: +370 5 254 6713

Poland
WeWork, Krucza 50 / Warsaw 00-025