BaltCap acquires 56% of DIE

The investment was made through the GP's BaltCap Private Equity Fund II, a vehicle targeting €100m that held a second close on €85m in July. DIE's management team and key doctors in the group will hold the remaining 44% of shares after the deal.

With the investment from BaltCap, DIE plans to expands its presence across the Baltic countries.

The transaction is expected to close by the end of December this year and is subject to approval by the Estonian competition authorities.

BaltCap's investment in DIE is the GP's third in three weeks, having carved out OpusCapita's Baltic operations in mid-November, followed by the acquisition of Arctic Sport Clubs by BaltCap portfolio company Impuls LTU at the end of the month.

Company
DIE is a group of companies offering dental care, sleep medicine and myofunctional treatment.

Headquartered in Tallinn, the company operates eight clinics across the country and employs a staff of 190.

People
Martin Kõdar is the managing partner of Baltcap. Vallo Veering is the founder of DIE.

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• Buyouts
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• Baltcap Management Ltd