Lithuania
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
BaltCap exits InMedica to INVL
Deal marks the seventh exit for BaltCap this year, and the fifth exit for the Lithuania SME Fund
BaltCap sells Caffeine to Reitan Convenience
Ends a six-year holding period for BaltCap, which backed the business through its Lithuania fund
Blackstone to acquire €1bn stake in Luminor
Transaction represents one of the largest M&A transactions in Baltic regional history
FSN-backed Bygghemma buys stake in Furniture1
With the fresh funding, Furniture1 intends to develop its sales model in the furniture market
Sprints Capital leads €50m funding round for Vinted
Previous backers Insight Venture Partners and Hubert Burda Media also take part in the funding round
Livonia acquires stake in Freor
Deal comes after establishing a long-standing relationship with the company's founder over five years
LitCapital acquires Audimas
Newly raised capital will enable the company to implement growth plans investing in manufacturing
Invalda INVL launches buyout fund
New fund will target companies in the Baltic region with turnover between €20-100m
INVL launches Baltic Sea Growth Fund
Fund will focus on acquiring minority stakes and will take an active role in management
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
Karma, Intel, Practica in $2.3m funding round for CGTrader
CGTrader will use the fresh capital to expand its online 3D graphics marketplace to the US
Enterprise Investors shelves Novaturas sale
GP is now considering a public offering on the Warsaw or Vilnius stock exchange
Darby’s Storent acquires rental company Cramo
Darby acquired a majority stake in Storent in November 2014 via its DCEF III fund
Resource Partners sells Melvit to Polfood
GP backed one bolt-on transaction with the purchase of Lithuanian cereal brands Granum, Granum Extra and Le Chef
Enterprise Investors sells Novaturas to trade buyer
Enterprise's sixth fund is selling the travel firm after a 10-year holding period
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 buys minority in CGates
Deal is the fourth for the GP's Baltic mid-cap-focused fund Livonia Partners Fund I
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
Baltic VCAs band together to form regional association
The three Baltic countries’ lobbying organisations have joined forces to promote the industry
CEE exit pace rebounds on strong macro
So far in 2016, unquote” data has recorded the highest volume of exits in H1 since 2013
Practica Capital leads €1m investment in Softneta
Lithuania-based GP will take minority stake for growth funding injection