Baltcap Management Ltd
The Bolt-Ons Digest – 16 September 2022
Unquoteтs selection of the latest add-ons with A&M's Ayesa, BC Partners' Valtech, Advent's IRCA, EQT's IVC Evidensia and more
The Bolt-ons Digest – 18 March 2022
KKRтS Biosynth Carbosynth, Agilitasт Cibicom, Apaxтs Graitec, Cairngorm's Verso, Altor's Trioworld, and more
I Asset Management, BaltCap acquire Dr Vet
IAM has a specialist Petcare Growth Fund
BaltCap sells Ecoservice to PE-backed Eco Baltia
BaltCap's exit comes seven years after the GP acquired a 75% stake in Ecoservice for €16.4m
BaltCap closes third fund on €177m hard-cap
GP committed €5m of its own capital to the fund, the largest amount it has committed to any of its own funds
Baltcap sells Auto24 to Apax-backed Baltic Classifieds
Auto24 marks the first bolt-on since Apax's investment and diversifies the group's portfolio
Baltic GPs move upmarket
Combined volume of funds currently raising capital in the region is more than double the entire capital raised since 2012
Japanese bank partners with BaltCap for €100m fund
BaltCapтs Kiisa will join the NordicNinja fund as managing partner alongside two JBIC executives
Baltic buyouts boom as CEE slumps
Dealflow in the wider CEE region slumped in the first three quarters of 2018, but Baltic states enjoyed an uptick in activity
BaltCap invests in Kool Latvija
Investment is drawn from BaltCap Growth Fund, which is currently fundraising with a €50m target
BaltCap exits InMedica to INVL
Deal marks the seventh exit for BaltCap this year, and the fifth exit for the Lithuania SME Fund
BaltCap-backed Dencap buys Kaarli Hambapolikliinik
GP injects fresh equity for the transaction from BaltCap Private Equity Fund II
BaltCap sells Caffeine to Reitan Convenience
Ends a six-year holding period for BaltCap, which backed the business through its Lithuania fund
BaltCap exits Trev-2 Group
Deal is GP's third exit in 2018 following the sales of Magnetic in January and Runway in May
BaltCap exits Runway to KKR-backed Webhelp
Deal also sees the current majority shareholder Dasha sell its shares to Webhelp
Lithuanian PE association elects BaltCap's Alekna as new chair
LT VCA has elected an entirely new board and members will be appointed for two years
Baltcap sells Magnetic MRO to trade for €43m
Number of employees has increased from 160 to 440 under Baltcap's ownership
BaltCap holds €40m first close for growth fund
Baltic-SME-focused vehicle has a target of €50m and raised commitments from pension funds and the EIF
BaltCap backs Sanoma Baltics MBO
Previous owner Sanoma Media Finland reaps €10m in proceeds from the sale
BaltCap promotes four to partners
Promotions are part of the GP’s strategy to increase its focus on the Baltic region
Baltic VCAs band together to form regional association
The three Baltic countries’ lobbying organisations have joined forces to promote the industry
BaltCap's EKT bolts on Jaakson Linnahooldus
Add-on acquisition comes six months after the GP took a 75% stake in EKT
Livonia makes 10x on Qvalitas sale to BaltCap
Baltic GP earns 44% IRR over seven years on exit of final legacy portfolio asset
Building Baltic bridges vital to region's buy-and-builds
Strategies to build out portfolio companies into neighbouring countries could provide welcome growth