Latvia
BADideas.fund targets up to EUR 15m for debut vehicle
Early stage investor has seen interest from LPs active in startup space
LongeVC mulls 2023 fundraise for second fund
Biotech-focused VC could hit the road for new USD 180m-200m vehicle once Fund I’s hard-cap is reached
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
INVL to acquire Eco Baltia
GP is investing from its INVL Baltic Sea Growth Fund, a vehicle that closed on €165m in February 2020
Livonia-backed Thermory buys Siparila
Latvian private equity firm Livonia backed the bolt-on via its first fund, Livonia Partners Fund I
BaltCap holds first close on €126m for BPEF III
BaltCap registered the fund in March 2019 and is targeting €200m for the vehicle
Apax buys Baltic Classifieds Group
First deal Apax has made in the Baltic region and only the second in the CEE region
Livonia Partners to launch new fund
New fund expects to raise in 12 months and will deploy equity tickets in the range of €10-20m
INVL holds first close on €106m for Baltic Fund
Closing took place on 7 February 2019, seven months after the vehicle was registered in June
BaltCap invests in Kool Latvija
Investment is drawn from BaltCap Growth Fund, which is currently fundraising with a €50m target
Blackstone to acquire €1bn stake in Luminor
Transaction represents one of the largest M&A transactions in Baltic regional history
Triton-backed AVS Verkehrssicherung buys KMK
AVS Verkehrssicherung plans on strengthening its footprint across Europe
NCH Capital sells Groglass to Kartesia in MBO
US-based private equity house sells the Latvia-based manufacturer of anti-reflective coatings
Darby’s Storent acquires rental company Cramo
Darby acquired a majority stake in Storent in November 2014 via its DCEF III fund
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
Livonia completes third deal with Santa Monica Networks MBO
The deal sees Livonia tap its maiden fund to acquire Santa Monica's Latvian and Lithuanian operations
Chinese GP leads €214m round for Meridian-backed Food Union
Latvian dairy will deploy the freshly raised capital in support of expansion across the Chinese market
Baltic VCAs band together to form regional association
The three Baltic countries’ lobbying organisations have joined forces to promote the industry
BPM backs MBO of Optometrijas
Poland- and Estonia-based BPM is backed by the Baltic Innovation Fund
Latvian VC Skillion Ventures leads €2m round for Mintos
Peer-to-peer lender claims to have lent in excess of €15m through its platform in the last 12 months
Mid Europa sells Bite to Providence
Deal ends Mid Europa's eight year ownership of the Baltic company
BaltCap carves out OpusCapita’s Baltic operations
Sale forms part of strategic refocus for vendor
Onshoring debate: the Latvian card
Latvia looking to bank on onshoring trend to attract Baltic-focused GPs
EBRD invests €10m in Eco Baltia
Capital will be used for waste treatment plant construction