BaltCap completes buyout and holds first close

The members of the management team have completed the 100% buyout of Baltic private equity firm BaltCap from Evli Group and CapMan. BaltCap will continue to manage Baltic Management Fund III and Baltic SME Fund together with CapMan and Evli Group, while future funds will be managed independently.

BaltCap has held the first close of BaltCap Private Equity Fund on EUR58m, more than half its target of EUR100m. Investors in the fund include the European Bank for Reconstruction and Development, European Investment Fund, Icebank, SEB Uhispank Pension Funds, Erste Bank and other local and Nordic banks, pension funds and insurance companies. The fund will invest in mid-sized companies across the Baltic states, and will also invest in other Central and Eastern European countries to facilitate the international expansion of Baltic companies that the fund will invest in.

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• Topics
• Buyout
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