This current period of turbulence in the equity markets is also affecting the decisions of private equity funds. To maintain and enhance fund performance, we have recently been seeking attractive investment opportunities also among strong public companies that may be facing challenges in the current market environment.
Companies enter and exit regulated markets at certain stages of their development.
As a private equity fund, we aim to be a strategic partner to different types of businesses and help them overcome growth barriers.
In the past month, our funds have taken two steps in this direction. We made a voluntary offer to acquire HansaMatrix, a Latvian-listed electronics manufacturer, and the offer was well received by a larger number of investors than expected. Additionally, we have made an offer to acquire a majority stake in Xpediator, a logistics company listed on the London Stock Exchange. These acquisitions surely also demonstrate our ability to outperform the average growth expectations of the public market.
Enjoy our April newsletter!
Peeter Saks
Managing Partner
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BaltCap makes a cash offer to acquire AIM-listed Xpediator PLC
The consortium led by BaltCap has made a recommended cash offer to acquire UK-based Xpediator, which is currently listed on the AIM of the London Stock Exchange. The consortium aims to boost the company’s core freight forwarding offers in Europe and internationally, as well as develop UK-based businesses.
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BaltCap to become the majority shareholder of HansaMatrix
BaltCap, through its company Emsco, successfully concluded the voluntary share purchase offer by acquiring 93.1% of HansaMatrix shares. To better raise additional capital and unlock the company’s further growth potential, BaltCap plans to propose delisting HansaMatrix from the regulated market in the near future.
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Advancement in the development of private school in Vilnius
The British School of Vilnius campus, developed by the BaltCap Infrastructure Fund, is well on track. The construction of the modern educational complex including a 4-storey, A++ energy class, 4000 m2 schoolhouse is planned to be completed by the end of 2023. The new school will accommodate up to 400 children both from preschool and school.
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Elektrum Lietuva and BaltCap partner up to increase the consumption of green energy in Lithuania
According to the agreement, Elektrum Lietuva will purchase all the electricity produced by the Žvirgždaičiai wind park—owned by BaltCap—for nearly two years. The partnership model foresees that Elektrum will buy the electricity produced by the wind park and will supply a part of it to BaltCap portfolio companies, which will use only Lithuanian green energy. This is a new operating model in Lithuania. The capacity of the wind park is 30 MW.
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Weekend opens three new shops in the Baltics
BaltCap-backed omnichannel footwear and apparel business expands its sales network by opening new stores in Viljandi (Estonia), Riga and Liepaja (Latvia). Weekend now operates 20 large-format physical stores in Estonia and Latvia and has a rapidly growing online channel across the Baltics.
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Double recognition at Latvia’s 2022 best investments awards
At the awards gala for most significant Latvian investments, organised by LatBAN and Latvian VCA, BaltCap was recognised in two categories: “Best Exit in 2022” (Vendon) and “Best Sustainable Investment” (Adoro).
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Martin Kõdar and Juris Parups at Baltic M&A and PE Forum 2023
Martin Kõdar moderated a panel titled, “What drives the Baltic private equity market and where is it going?” of the cornerstone investors of the Baltic PE funds. Juris Parups discussed the role of private players in developing the Baltic healthcare sector in a panel on the outlook of the health sector.
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Simonas Gustainis elected to BICG board
Our Managing Partner Simonas was elected to be a new board member of the Baltic Institute of Corporate Governance (BICG) for a three-year period. BICG is a non-profit, non-governmental association that engages businesses and political leaders in encouraging the best corporate governance practices across the Baltics.
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Construction sector benefits from the circular economy: Maciej Kopański’s perspective
At the Executive Club Polish Infrastructure and Construction Conference, our Investment Director shared BaltCap’s experience in providing lighting as a service that is a vital part of the circular economy. Maciej stressed that the ESCO models fit well to meet the Paris-aligned decarbonisation goals, and are in line with the new EU Taxonomy concepts.
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How does sustainable city planning look from the lens of a public entity?
At the joint program of the World Bank and the Polish Ministry of Development Funds and Regional Policy, BaltCap’s Investment Director Paweł Szykowny concluded that looking at sustainability challenges from a different angle helped him better understand the positions of both sides and think about new nuances in how the public and private sectors work together.
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Peeter Saks: healthy public finances from private players’ view
At the Financial Security Forum organised by FinanceEstonia, a relevant discussion was held on what “healthy public finances” actually means, and the role of different financial institutions in contributing to financial security. Our Managing Partner Peeter Saks shared BaltCap’s view.
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Simonas Gustainis and Marius Miškinis mentor PE and VC students at Vilnius University
BaltCap team members gave an introductory session on PE talking about its history, different investment strategies, and the main challenges the industry witnesses. The course is part of a special PE syllabus by Vilnius University and Lithuanian VCA.
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BaltCap backed taking Finno-Ugric cultural heritage to Paris
In March, the Paris Philharmonic Concert Hall welcomed talented young Estonian conductor Ingrid Roose and the choir of the Paris Philharmonic Orchestra, who performed “Forgotten Peoples” by Veljo Tormis, a world-famous Estonian choral composer, to a full house. BaltCap was proud to sponsor this unique cultural project.
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New Series: Private Equity Financing—for whom and why?
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What role do private equity investors play, and how do they back the growth of businesses? This is a question we often face. We believe our portfolio CEOs and investment leads best explain it.
To shed light on the topic, we introduce a new series on fundraising through the eyes both of seasoned PE experts and CEOs. So far, Viktorija Meikšāne, the CEO of our portfolio company Coffee Address, and BaltCap partner Sandijs Āboliņš-Ābols have delved into the questions.
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25+ years
track record
4
investment strategies
110+
platform investments
40+
investment professionals
6 countries
with branch offices
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€700m
capital raised to date
65+
exits
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