BaltCap exits Trev-2 Group

Following the acquisition, Trev-2 CEO Sven Pertens will continue in his role on the management board, while BaltCap partner Kristjan Kalda remains a member of the supervisory board.

The deal marks the third exit in 2018 for the Baltic-focused private equity investor, having completed the sales of Estonian aircraft maintenance company Magnetic in January and Riga-based back-office services provider Runway in May. It is the second exit to a French strategic investor for the GP after it sold Runway to KKR-backed French call centre operator Webhelp.

Previous funding
BaltCap acquired a minority stake in the Estonian infrastructure construction company in December 2010.

Company
Founded in 1961 and based in Tallinn, Trev-2 engages in road construction, repair and maintenance, railroad construction and environmental construction. The group employs a staff of 360 and posted a turnover of €70m in 2017.

People
BaltCap –  Kristjan Kalda (partner).
Trev-2 Group – Sven Pertens (CEO).
Eurovia Europe – Xavier Neuschwander (CEO).

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• Topics
• Exits
• CEE
• Infrastructure
• Estonia
• Baltcap Management Ltd
• Trade sale