It is my pleasure to greet you as the CEO of BaltCap. I am truly honoured to join the talented BaltCap team, and excited to become a member of the vibrant Baltic PE & VC ecosystem.
My entry to the private equity sector brings more than 20 years of managerial experience in the Baltic financial industry, having also worked in the fund management business. As the saying goes, true love never fades.
I have strong faith in private equity. The sector greatly contributes to local economies by giving investors access to opportunities not available on public markets. In addition to generating substantial returns, it also allows us to have a meaningful impact on the Baltic communities where we invest.
Over the years, BaltCap has made a significant difference. With more than 120 investments creating jobs for approximately 15,000 people, we have backed the sustainable growth of hundreds of local businesses—an impressive achievement.
In my new role, I am committed to leading the company in its transition from challenge to change. My focus will be on further strengthening the corporate governance and risk management systems, with a roadmap centred on operational efficiency and excellence to ensure sustainable investment growth.
I am thrilled to be part of the next chapter in BaltCap’s story. I look forward to working with all of you to build local companies into international business champions!
Ege Metsandi
Chief Executive Officer
|
|
BaltCap invests in Fitekin and ONEA software platforms
BaltCap acquired these pre-accounting software platforms for invoice management and approval workflow from the 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.
|
|
|
|
Dr. VET opens the most modern veterinary clinic in the Baltics
The Dr. VET Lazdynai animal hospital in Vilnius opened the most modern intensive care and nursing centre in the Baltics. The centre has separate dog and cat facilities with state-of-the-art equipment for treating and monitoring animals in the most critical conditions.
|
|
|
|
Piletilevi Group to become the biggest player in Central Europe
The BaltCap-backed Piletilevi Group acquired a majority stake in two Polish ticket sales platforms—Kicket.com and Biletomat.pl, and becomes the second-largest ticketing company in Poland, as well as the largest player in Central Europe, brokering nearly 320 million euros of tickets per year.
|
|
|
|
Viru Elektrivõrgud introduces new smart energy services
The BaltCap-backed electricity DSO is rebranding to Viru Elektrivõrgud. Viru is the historic name of the region in north-eastern Estonia, where the electricity grid is located. The new service package includes smart energy solutions both for houses and apartment buildings: solar panels, energy storage solutions, and electric car chargers.
|
|
|
|
Workland opens new centre in Riga
Located on the 5th floor of the shopping centre, ”Workland Galleria Riga" spans over 3000 square metres and has 350 fully equipped workstations. With the new opening, the Workland office network will grow to 18 offices across the Baltics and Finland.
|
|
|
|
Viru Elektrivõrgud opens the first public EV charging point in Narva
Viru Elektrivõrgud opened the very first public EV charging point in Narva with VOOL chargers. Viru Elektrivõrgud offers numerous smart energy services, and aims to become a facilitator of green transition in Ida-Virumaa, a region historically dominated by oil shale interests.
|
|
|
|
Anaerobic Holding completing transition to biomethane production
BaltCap portfolio company Anaerobic Holding is completing its transition from biogas to biomethane production to ensure a more sustainable supply to customers. The modernised stations in Iecava, Eleja, and Daugavpils will produce ca 60 GWh of biomethane annually, produced entirely from organic waste. In addition, the company completed PV projects with a total installed capacity of 3.7 MW to secure inexpensive electricity for in-house consumption.
|
|
|
|
BaltCap enhances its biodiversity expertise through the Nefco programme
Supported by Nefco, the Nordic Green Bank, BaltCap gained valuable insights on the role businesses play in biodiversity. Nefco helps companies identify their biodiversity-related risks and opportunities, supporting pioneering SMEs in finding concrete ways to manage their impact on biodiversity.
|
|
|
|
BaltCap welcomes Ege Metsandi as CEO
BaltCap has appointed a seasoned financial industry executive, Ege Metsandi, the company’s Chief Executive Officer and member of the Board. Metsandi will be responsible for the general management of BaltCap with a focus on further strengthening the corporate governance and risk management systems, and leading organisational change.
|
|
|
|
BaltCap 2023 ESG report published
BaltCap’s 13th consecutive ESG report is out. Take a look to find out what the main ESG-related developments in BaltCap and its portfolio companies are.
|
|
|
|
Sten Sonts on healthcare market to Real Deals
BaltCap Investment Director Sten Sonts contributed to Real Deals’ annual healthcare Market Report alongside industry peers. Sten shared the growth journey of Estonian ambulance service provider Karell Kiirabi.
|
|
|
|
Martin Kõdar on M&A activity at Zero One Hundred Conferences
BaltCap Partner Martin Kõdar emphasised at the Zero One Hundred Conferences panel in Prague that the PE industry in the CEE is well-positioned to deliver and showcase success stories, which are essential for attracting more capital to the region.
|
|
|
|
Baltic VCA Summit 2024 “Growing Beyond, Thriving Within” in Vilnius
Key Baltic Private Equity and Venture Capital industry players will meet on 5–6 September in Vilnius, Lithuania, to discuss key challenges, opportunities, and the outlook for the upcoming period.
|
|
|
25+ years
track record
120+
platform investments
30+
investment professionals
|
€900m
capital raised to date
70+
exits
|
|
|
|
|
