Lithuania
FIRSTPICK seeks EUR 20m hard cap for two debut vehicles
Baltic-focused early stage sponsor aims to raise remaining EUR 4.5m from corporate VCs, funds of funds, private investors
Merito Partners targets EUR 50m for debut growth equity fund
Sponsor plans to build a portfolio of 12-18 companies, with EUR 12m in fund commitments secured to date
Practica Capital aims for EUR 80m hard-cap for third fund
Lithuanian VC investor could hold second and final close in May or June next year
Contrarian Ventures targets EUR 100m hard cap for new climate tech fund
Lithuanian VC aiming to attract funds-of-funds for second close planned for the next month
INVL inches closer to second Growth Fund
Work on Fund II could start once INVL’s debut vehicle is 75%-80% deployed, following two to three more deals
I Asset Management, BaltCap acquire Dr Vet
IAM has a specialist Petcare Growth Fund
Practica Capital plans new fund launch in 2022
Third-generation fund could be 1.5x to 2x larger than its predecessor
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
EQT Growth leads €250m series-F round for Vinted
Latest round brings the total amount Vinted has raised to nearly €500m
KJK acquires heavy equipment provider Alwark
GP will acquire a 66% stake in the company via its €250m KJK Fund III
Mid Europa acquires MCI-backed e-commerce platform Pigu
MCI will reinvest in the deal, which also sees Pigu merge with Estonia-headquartered Hobby Hall
Lithuanian Aid Fund for Business looks to raise up to €500m
Fund has already secured a €100m investment from the Lithuanian government
Callista Private Equity buys two Mikron subsidiaries
Carve-out acquisition marks the Munich-based special situations investor's third deal of 2020
NordicNinja leads €2.2m seed round for Ziticity
Fresh capital will be used to support geographical growth, as well as fudn further product development
Enterprise Investors fully exits Novaturas
Following a high of PLN 55 in 2018, Novaturas' share price has been on a downward trend, further accelerated in February
LitCapital exits NNL
Investment generates a 4x return, for an IRR of 26%, for LitCapital
INVL closes Baltic Sea Growth Fund on €165m
Fund's predecessor, Invalda INVL, recorded an average 27% gross IRR and 2.4x money
Lightspeed leads €128m round for Vinted
Funding round values Vinted at €1bn, making it Lithuania's first technology unicorn
INVL buys Montuotojas
Deal was structured through two INVL Baltic Sea Growth Fund subsidiaries: BSGF Fortis and Montuja
LitCapital sells MPG to PE-backed Affidea
Revenues increased nearly by 50% and EBITDA grew by 5x during the ownership of LitCapital
INVL invests €30m in Grigeo carve-out
Subsidiary of the fund will acquire 49.99% of the division's shares in a two-part transaction
Apax buys Baltic Classifieds Group
First deal Apax has made in the Baltic region and only the second in the CEE region
Practica targets close on €40-50m in 2019
Practica Venture Capital II held a first close on €22m in December 2018, against a €40m target
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