Welcome to our August newsletter, which will summarise our accomplishments and activities the past couple of months!
This summer BaltCap achieved some significant firsts—our buyout team completed the first take-private transaction by a Baltic investor on the London Stock Exchange. Additionally, BaltCap became the first dedicated PE house in Estonia to receive a full alternative investment fund manager’s licence.
The AIFM licence marks a new stage of growth for BaltCap as it allows BaltCap to further internationalise its services and attract new investors throughout Europe. It opens up new opportunities for our mission to build companies from the Baltics and beyond into international business champions, and deliver exceptional investment solutions to our investors.
With these new opportunities, we also face new obligations. The licence signifies BaltCap’s transition from a light supervision regime to operating as a fully-regulated fund manager. We know this requires additional efforts from our team, and we are ready to start this journey. Maintaining the highest levels of transparency, professionalism, and regulatory compliance as we continue to grow is, after all, of the utmost importance to us.
Enjoy the newsletter!
Simonas Gustainis
Managing Partner
|
|
|
BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange
BaltCap and co-investors acquired Xpediator, a fast-growing international freight management company. The company provides freight-forwarding, logistics, and transport support solutions in the CEE and UK under the Delamode Group brand.
|
|
|
|
BaltCap and Draugiem Group become majority shareholders of Pepi Rer
Pepi Rer is widely known for its IGLU soft play brand, ProVent floor insulation brand, and the production of construction and packaging materials. The aim of the investment is to boost the company’s business in foreign markets.
|
|
|
BaltCap-backed Workland enters a new market and expands to Finland
Workland acquired the Workery+ business from YIT Finland. The largest network of coworking spaces in the Baltics is now opening three new coworking centres in Helsinki and Espoo. To date, Workland has grown to over 3000 workstations and will reach over €10M in annual revenue.
– Read more
|
|
|
|
BaltCap’s Piletilevi expands in CEE by completing two add-ons
The BaltCap-backed Piletilevi Group completed two bolt-on acquisitions to expand through Central and Eastern Europe. Piletilevi has taken an 80.2% stake in Bilete.ro, a Romanian ticketing company, as well as acquiring an 80% stake in the Czech ticketing platform GoOut.net. The GoOut.net add-on acquisition expands its presence in Poland, Slovakia, and Germany.
|
|
|
|
BaltCap-backed Gemma soon to open brand new, modern retirement home in Vievis, Lithuania
The new building focuses on the privacy of the residents, with 58 single and 51 double rooms, and will thereby ease the shortage of private rooms in Lithuanian retirement home facilities, as only 8% of currently offered rooms are single.
|
|
|
|
BaltCap receives full alternative investment fund manager licence
BaltCap has been granted a full alternative investment fund manager licence by the Financial Supervision and Resolution Authority. The licence allows BaltCap to further internationalise its services, and engage new professional investors across Europe.
|
|
|
Äripäev Raadio: Maido Lillemets and Martin Kõdar on receiving the licence
BaltCap’s Legal and Compliance Director, as well as our Managing Partner, spoke to Äripäev Raadio about the recently granted licence by the Financial Supervision and Resolution Authority. They explained that a licence would be issued once the volumes under management exceeded 500 million and that BaltCap was the first of its kind in Estonia to have grown to this size.
|
|
|
|
Sandra Aile on BaltCap and Draugiem Capital backing Pepi Rer
BaltCap Investment director Sandra Aile tells Real Deals how they plan to grow the polyethylene manufacturing business beyond the Baltics.
|
|
|
Šarūnas Alekna shares experience in Real Deals Business Service Report
Real Deals’ fresh Business Services provide an opportunity to learn about the recent dynamics in the logistics and supply chain sector. BaltCap partner Šarūnas Alekna shares his views on a recent investment: the fast-growing, international freight management company Xpediator.
|
|
|
|
Summer brought sharp young minds to BaltCap offices
BaltCap welcomed five summer interns in our Tallinn, Riga, Vilnius, and Warsaw offices. The interns worked side by side with the investment team, gaining new knowledge and bringing fresh ideas. They kindly shared their internship journey with us.
|
|
|
BaltCap and Piletilevi Group team members ran a relay of 337 km
The relay race called “Tipust topini” runs from the highest peak in Estonia, Munamägi, to the Tallinn seaside. The team of ten runners took turns without a break, enduring extreme heat and throughout the night and sunrise. It took approximately 35 hours of joint effort to complete the distance.
|
|
|
Baltic VCA summit in Pärnu, Estonia
On 24–25 August, the traditional Baltic VCA Summit took place in Pärnu. The main theme, “Cooperation in the New Nordic Region”, brought together 250+ industry professionals. During the summit, the regional LPs and GPs shared their views on the key challenges and opportunities for the industry and discussed the outlook for the upcoming period.
|
|
|
25+ years
track record
4
investment strategies
120+
platform investments
40+
investment professionals
6 countries
with branch offices
|
€700m
capital raised to date
70+
exits
|
|
|
|
|
