BaltCap commits €1.5m to Lithuanian wind farm
BaltCap has provided €1.5m towards the development of a 24MW wind farm near Jurbarkas in Lithuania.
The investment was made via the BaltCap Lithuania SME fund, and marks the vehicle's first foray into renewable energy. BaltCap has teamed up with Renagro, a Lithuanian renewable energy, agriculture and real estate investor. The duo has invested more than €10m into Eurakras, a wind farm development company. A further €25m of financing will be provided by a commercial bank.
Company
The wind farm is expected to be operational in the second half of 2015.
People
Kornelijus Čelutka is an investment director at BaltCap and Sarunas Stepukonis, associate director of BaltCap, also worked on the deal. Gražvydas Zulanas is the CEO of Renagro.
More on CEE
BHM Group builds on PE strategy, eyes European medtech and renewable energy acquisitions
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Trind VC plans up to five early-stage investments in next six months
VC has deployed around 10% of its second, EUR 55m fund and plans to invest in up to 40 startups
Letter from the editor: Unquote is moving to Mergermarket
Unquote Editor Harriet Matthews outlines Unquote.com's upcoming move to the Mergermarket platform and the new capabilities and intelligence that this brings to Unquote readers
Actera Group explores strategic options for Celebi Ground Handling
Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater