INVL buys Montuotojas

The GP will tap its INVL Baltic Sea Growth Fund for the investment, a vehicle currently fundraising towards a €200m target.

This deal was structured through two INVL Baltic Sea Growth Fund subsidiaries: BSGF Fortis and Montuja.

INVL said it planned to expand the company's activities in Lithuania and internationalise.

Company
Montuotojas is headquartered in Vilnius and was founded in 1959. The company has industrial clients including Lifosa, Amilina, Bega, Klaipedos Nafta, Achema, Lietpak, Litesko and Orlen Lietuva. It reported revenues of €33.5m in 2018 and employed 700 people.

People
INVL Asset Management – Vidas Venckus (partner).

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