BaltCap invests in Coffee Inn

Funds are earmarked to finance the future growth of the business in Lithuania and other countries. The deal was made through BaltCap's Lithuania SME Fund, a €20m growth capital vehicle set up in 2010 as part of the JEREMIE initiative in Lithuania.

Company
Vilnius-based Coffee Inn was established in 2007 and today operates 28 branded coffee shops in Vilnius, Kaunas, Klaipeda, Palanga, Siauliai and Riga, Latvia. Coffee Inn generated sales of approximately €3m in 2012.

People
Vygantas Maksele is CEO of Coffee Inn. Kornelijus Celutka is investment director at BaltCap.

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• Topics
• Expansion
• CEE
• Consumer
• Baltcap Management Ltd
• Lithuania