BaltCap carves out OpusCapita’s Baltic operations

The GP will buy OpusCapita's Estonian, Latvian and Lithuanian subsidiaries in a transaction financed through its second pan-Baltic fund, the 2014-vintage €85m BaltCap Private Equity Fund II.

BaltCap said the company will generate value by leveraging the ongoing move towards a paperless economy in Europe, and especially the Baltic countries.

Expected to complete by December this year, the sale forms part of a move by OpusCapita to improve its focus on specific regions outside the Baltic area.

Company
Founded in the 1980s, OpusCapita is a provider of financial automation services, such as electronic invoicing. Headquartered in Helsinki, the company is a subsidiary of the government-owned Finnish postal services and logistics business Posti Group Corporation.

OpusCapita's Baltic subsidiaries employ 118 people.

People
Kristjan Kalda is an investment director at BaltCap. Katarina Dahlbäck is the senior vice president of OpusCapita Baltics.

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