BaltCap

BaltCap, established in 1995, is a leading independent private equity firm specializing in small and mid-market buyout and expansion capital investments across the Baltic States. With a team of 16 professionals and offices in all three Baltic countries, BaltCap manages multiple funds totaling over EUR 260 million. Since inception, it has completed over 60 investments, focusing on sectors such as business services, healthcare, industrials, technology, and consumer goods. BaltCap is a signatory of the United Nations Principles for Responsible Investment and a member of key European and Baltic private equity and venture capital associations.

Sarunas Alekna

Investment Director

Dagnis Dreimanis

Managing Partner

Marek-Andres Kauts

Investment Director

Maciej Kopanski

Investment Director

Oliver Kullman

Partner

Vineta Kutkevica

Financial Director

Martin Kodar

Managing Partner

Marius Miškinis

Investment Director

Eneken Napa

Partner and Finance and Risk Director

Matiss Paegle

Investment Director

Juris Parups

Investment Director

Robertas Petrauskas

Investment Director

Peeter Saks

CEO, Managing Partner

Sten Sonts

Investment Director

76 past transactions

Viru Keemia Grupp

Acquisition in 2023
Viru Keemia Grupp is an Estonian holding group of the oil shale industry, power generation, and public utility companies.

Rahva Raamat

Acquisition in 2022
Rahva Raamat is the largest and oldest bookseller in Estonia, operating a chain of bookstores primarily based in Tallinn. The company specializes in retail and wholesale book sales, providing a diverse selection that includes short stories, novels, magazines, and poetry. In addition to its physical locations, Rahva Raamat also operates an online bookstore, allowing customers to access its extensive inventory conveniently. The business has established itself as a key player in the Estonian literary market, catering to a wide range of readers and promoting a love for reading throughout the community.

Nord Security

Venture Round in 2022
Nord Security is a provider of internet privacy and security solutions for both individuals and businesses. The company offers a comprehensive product portfolio that includes NordVPN, a virtual private network service, and Surfshark, a range of consumer-oriented security solutions. Its services are designed to enhance online safety and empower users to take control of their digital presence. Nord Security's offerings encompass data protection, password management, and file encryption, allowing users to securely share and manage their information across multiple devices. Through its focus on digital security, the company aims to safeguard personal and organizational data from cyber threats.

Baltic Ticket Holdings AS

Acquisition in 2021
Baltic Ticket Holdings AS is a ticket distribution company operating across Estonia, Latvia, Lithuania, and Belarus, serving a combined population of approximately 7 million people. Founded in 1997 in Tallinn, Estonia, the company originated with the ticket sales for a Michael Jackson concert and has since expanded its operations significantly. It manages an extensive ticketing network that includes an online platform and around 400 physical sales points throughout the region. The company merged various ticketing operations, notably including Bilesu Serviss in Latvia and BilietuPasaulis in Lithuania, to enhance its market presence. Its in-house online ticketing system, developed since 2001, supports the management of large-scale events, such as concerts and festivals, with significant ticket sales. Baltic Ticket Holdings AS is recognized for selling the largest volume of tickets for events in the Baltics and Belarus, continuously evolving its technology to meet the demands of event organizers and enhance user experience.

Verkter Group

Private Equity Round in 2020
Verkter is a commercial group based in Vilnius, Lithuania, specializing in the provision of do-it-yourself (DIY) and gardening tools, accessories, and aftermarket parts. The company offers a wide range of tools, including screwdrivers, hammers, angle grinders, and measuring instruments, primarily through its eCommerce platform. By focusing on quality and accessibility, Verkter aims to equip customers with the necessary tools to effectively carry out their repair and gardening projects.

Meat LT

Acquisition in 2020
Meat LT is a privately held company that produces meat products.

Krekenavos

Acquisition in 2020
Krekenavos Agrofirma, based in Kedainiai, Lithuania, is a prominent meat processing company with over 20 years of experience. Founded in 1993, it has become one of the largest and most modern meat processing facilities in the Baltic States. The company specializes in a wide range of meat products, including boiled pates, cooked sausages, frankfurters, and various smoked and dried meats. Additionally, Krekenavos Agrofirma produces pork and beef carcasses, offal, as well as chilled and frozen cut meat. With a commitment to providing affordable and high-quality meat products, the company serves both domestic and international markets. Krekenavos Agrofirma operates as a subsidiary of Edvervita, UAB.

Livinn

Acquisition in 2019
Livinn is a retail chain of organic and healthy food and non-food products.

Kool Latvija

Private Equity Round in 2018
SIA KOOL Latvija is a fuel retail company based in Riga, Latvia, established in 2016. It operates gas stations that provide a dual service of fuel refilling and convenience shopping. The company offers various snacks and food products along with fuels that are enhanced with additives to improve technical performance and reduce consumption. In addition to its retail offerings, KOOL Latvija also provides customer loyalty cards and business-to-business cards, catering to individual and corporate clients alike. The gas stations are designed to deliver both a quick refueling experience and a comfortable shopping environment for customers.

Kaarli Hambapolikliinik

Acquisition in 2018
Kaarli Hambapolikliinik OÜ is a dental care provider based in Tallinn, Estonia. Established in 1998, the clinic offers a range of dental services to its patients. As of November 2018, it operates as a subsidiary of DenCap Investeeringud OÜ. Kaarli Hambapolikliinik is recognized for its commitment to delivering quality dental care to the community.

Lightspace Labs

Venture Round in 2018
LightSpace Technologies is 3D photonics and optical solutions company developing multi focal AR VR near eye 3D display and future glasses free light field and volumetric 3D display technologies. By numerous market analysts LightSpace Technologies has been recognized as market leading contributor of volumetric 3D display technologies. Company has invented new light field display technology that requires 10 times less optical hardware in comparison with existing solutions.

Anaerobic Holding

Acquisition in 2017
Anaerobic Holding is a biogas plant company based in Latvia that focuses on generating electricity and heat from renewable energy sources. The company operates three biogas plants and has two divisions dedicated to supplying raw materials for biogas production. By converting organic waste into energy, Anaerobic Holding enables its clients to provide surplus heat to businesses and municipalities. This approach not only helps reduce greenhouse gas emissions but also promotes environmentally friendly practices in waste management.

Truecare24

Seed Round in 2017
TrueCare24 is an innovative platform that streamlines in-home senior care by connecting families, health systems, and payers with reliable and affordable caregivers. The platform enhances efficiency through automated workflows, significantly reducing the time spent on care management. It offers access to a wide range of services, including on-demand consultations with healthcare professionals via phone or video, as well as in-person visits. By leveraging a comprehensive marketplace, TrueCare24 addresses the inefficiencies within the growing $100 billion senior care market, allowing users to conveniently book home-based services while also benefiting from cost savings and improved service delivery.

TREV-2 Grupp

Acquisition in 2017
TREV-2 Grupp is a construction company based in Tallinn, Estonia, established in 1961, specializing in the construction and maintenance of infrastructure and civil engineering projects. The company focuses on building and reconstructing roads, bridges, railways, and public water supply and sewage systems, including treatment plants and pumping stations. Additionally, TREV-2 Grupp operates quarries for gravel, sand, and limestone, and produces asphalt and various road safety products. The company also provides traffic management solutions, including the design and installation of traffic control devices, information boards, and street signs. Through its comprehensive range of services, TREV-2 Grupp aims to enhance the quality of life and safety of the community by delivering reliable and sustainable infrastructure solutions across Estonia.

auto24

Acquisition in 2017
Auto24 is a marketplace for used and new cars with sales information by local car dealerships in Estonia. The company is headquartered in Tallinn, Estonia.

Kuldne Bors

Acquisition in 2017
Kuldne Börs generalist classifieds site in a variety of categories, such as construction materials, agricultural equipment, pets and household goods to name a few. Kuldne Börs was founded on 1991 and is headquartered in Tallinn, Estonia.

Coffee Address

Acquisition in 2017
Coffee Address is a vending and coffee services company based in Vilnius, Lithuania, established in 1993. The company focuses on enhancing the coffee experience for modern workplaces and individuals by managing the entire coffee journey, from sourcing quality beans to serving them in a cup. Coffee Address offers a range of innovative payment options and personalized services, catering to the diverse needs of its clients. The company prides itself on providing premium coffee selections, featuring handmade brews sourced from around the world. Coffee Address aims to elevate the enjoyment of coffee, recognizing it as a significant pleasure in daily life.

Qvalitas

Acquisition in 2016
Qvalitas Medical Centre is a private medical centre that offers professional general and specialist service. It provides services according to the waiting list and in the volume pursuant to the contract with the Estonian Health Insurance Fund. It also offers appointment with extra charge for medical service outside waiting list, without health insurance or without the required referral. The company strives to create new and innovative healthcare services, such as health audit and various health packages, according to the wishes and needs of customers. Qvalitas Medical Centre was founded on 1996 and is based in Tallinn, Estonia.

UPRENT

Debt Financing in 2016
UPRENT is a rental provider based in Riga, Latvia, specializing in pumps and pumping systems for various applications in Eastern Europe. Founded in 2013, the company offers a comprehensive range of services, including equipment rental, project planning, delivery, installation, and sales of various pumping equipment. Its inventory includes well point dewatering pumps, sewage pumps, drainage pumps, submersible pumps, and a variety of related equipment such as power generators, trench shoring systems, and hydraulic tools. UPRENT serves multiple industries, including construction, agriculture, mining, and emergency services, providing tailored pumping solutions for projects like sewage pumping, groundwater purification, and industrial reservoir cleaning. The company emphasizes customer satisfaction through effective communication and service adaptation to meet client needs. With branches in Latvia, Lithuania, Estonia, and Poland, UPRENT is committed to delivering efficient services that optimize operational effectiveness and reduce energy costs for its clients.

Fitek Group

Acquisition in 2016
Fitek Group is a financial process automation solutions provider based in Tallinn, Estonia, with operations in Latvia, Lithuania, and Slovakia. Established in 1995, the company specializes in optimizing and automating a wide range of financial processes, including purchase invoice management, document workflow, and complex sales invoice solutions. Fitek serves over 1,000 clients across the Baltic states, Nordic countries, and Central Europe, including leading banks, telecoms, public sector institutions, and various other industries. The company employs more than 130 qualified professionals dedicated to delivering efficient financial solutions that can significantly reduce resource allocation by up to five times. Through its innovative services, Fitek aims to enhance operational efficiency for its customers while lowering their costs.

Eesti Keskkonnateenused

Acquisition in 2015
AS Eesti Keskkonnateenused is a waste management and public utility company based in Tallinn, Estonia. Founded in 1998, it specializes in the collection and handling of various types of waste, including municipal waste, hazardous materials, electronics, construction debris, and secondary raw materials. The company serves both corporate and private customers, offering services such as organized waste collection, waste transport, and road and street maintenance. Eesti Keskkonnateenused emphasizes resource efficiency and environmental sustainability, operating under an integrated health, safety, and environmental management system that complies with ISO standards.

Dental Invest Estonia

Acquisition in 2015
Dental Invest Estonia is a dental healthcare provider.

Lightspace Labs

Seed Round in 2015
LightSpace Technologies is 3D photonics and optical solutions company developing multi focal AR VR near eye 3D display and future glasses free light field and volumetric 3D display technologies. By numerous market analysts LightSpace Technologies has been recognized as market leading contributor of volumetric 3D display technologies. Company has invented new light field display technology that requires 10 times less optical hardware in comparison with existing solutions.

BPT Real Estate

Acquisition in 2015
BPT Real Estate AS specializes in property and asset management services, catering to commercial real estate investors, owners, and tenants in the Baltic Sea region. Founded in 2001 and based in Tallinn, Estonia, with additional offices in Riga, Vilnius, Warsaw, and St. Petersburg, the company provides a comprehensive range of services throughout the real estate investment lifecycle. Its asset management services include business projections, lease negotiations, reporting, and operational representation to financial institutions. The property management segment focuses on tenant relations, facility management, and budget oversight. Additionally, BPT Real Estate offers support services such as financial administration, project management, and feasibility studies. With a strong emphasis on innovative strategies and industry expertise, the company aims to enhance the value of its clients' real estate investments through tailored solutions.

Pure Chocolate

Private Equity Round in 2015
Pure is more than chocolate. Our specialists have collected knowledge with care and attention to detail for ten years which means that our production methods guarantee chocolate truffles with perfect taste and design. We are chocolate truffle experts who create a unique product with a rich taste that is perfect to celebrate every moment of life.

Trafi

Series A in 2015
Trafi, founded in 2013, is a mobility technology startup with offices in Berlin, London, Paris, and Vilnius. The company collaborates with cities and enterprises globally to develop multimodal mobility-as-a-service systems, offering advanced route planning and data management solutions. Trafi's application allows users to plan journeys using real-time data, integrating scientific algorithms and crowd-sourced information to provide accurate predictions for journey duration and arrival times across various cities. By eliminating the need for manual data adjustments and internet connectivity, Trafi aims to enhance urban mobility and improve the travel experience for its users. The company serves a diverse clientele, including prominent organizations and major cities such as Berlin, Munich, Prague, Jakarta, Bogota, and Rio de Janeiro.

ClusterPoint

Seed Round in 2015
Clusterpoint Group Limited is a database vendor that specializes in developing database and cybersecurity solutions for enterprise and government clients globally. The company offers a document-oriented database management system that efficiently organizes data in self-contained documents, allowing for easy retrieval through hierarchical indexing. Its services include Clusterpoint Database as a Service, application hosting, and on-premises solutions. Additionally, Clusterpoint provides a network traffic surveillance system for compliance and a log management system for data collection and analytics. The company caters to various sectors, including telecommunications, financial services, healthcare, and government. Founded in 2006, Clusterpoint is headquartered in London, with a development center in Riga and data centers in both London and Chicago. Its technology enables organizations to process large volumes of XML and JSON data, facilitating real-time analytics and enhancing data accessibility across platforms.

STENDERS

Private Equity Round in 2015
Stenders is a cosmetic company that specializes in producing and selling a wide range of showering, bathing, and body care products. The product lineup includes body care items such as sun care, hand care, sauna honey, yogurts, lotions, body butter, and body and massage oils. In addition, Stenders offers skin care products, including creams, tonics, and lip butter, as well as hair care solutions, which comprise shampoos, conditioners, and treatments tailored for both men and women. The company emphasizes the use of natural ingredients, such as plant oils, extracts, and essential oils, along with beeswax and honey, allowing customers to access a variety of beauty products at affordable prices.

Lightspace Labs

Seed Round in 2014
LightSpace Technologies is 3D photonics and optical solutions company developing multi focal AR VR near eye 3D display and future glasses free light field and volumetric 3D display technologies. By numerous market analysts LightSpace Technologies has been recognized as market leading contributor of volumetric 3D display technologies. Company has invented new light field display technology that requires 10 times less optical hardware in comparison with existing solutions.

YPlan

Series B in 2014
YPlan is a mobile application that simplifies the process of discovering and booking events. Founded in London in February 2012, it offers users a curated list of local events, allowing them to select, pay, and attend activities on the same day. The platform collaborates with over 3,500 event partners globally, providing a diverse range of options for users to explore and enjoy their city. YPlan has garnered more than 1.5 million users and received extensive positive feedback, including over 1,000 five-star reviews on the App Store. The application also integrates with Apple's PassBook for seamless mobile ticketing, enhancing the user experience.

Eurakras

Private Equity Round in 2014
Eurakras is a wind farm development company. 24MW wind farm near Jurbarkas. The wind farm is expected to be operational in the second half of 2015.

UAB Ecoservice

Acquisition in 2014
UAB Ecoservice is a waste management company that collects, transports, and processes secondary raw materials and municipal waste. The company deals with various waste collection, transportation, treatment, urban cleaning, and street maintenance, providing a wide range of other services. The company facilitates educational activities of the society and organize secondary raw materials collection campaigns. The company is socially responsible and always strive to contribute to the youth organizations and other events organized by the institutions. UAB Ecoservice was founded on 1995 and is headquartered in Vilnius, Lithuania.

STENDERS

Private Equity Round in 2013
Stenders is a cosmetic company that specializes in producing and selling a wide range of showering, bathing, and body care products. The product lineup includes body care items such as sun care, hand care, sauna honey, yogurts, lotions, body butter, and body and massage oils. In addition, Stenders offers skin care products, including creams, tonics, and lip butter, as well as hair care solutions, which comprise shampoos, conditioners, and treatments tailored for both men and women. The company emphasizes the use of natural ingredients, such as plant oils, extracts, and essential oils, along with beeswax and honey, allowing customers to access a variety of beauty products at affordable prices.

Post Service SIA

Private Equity Round in 2013
Post Service SIA is the largest private postal operator in Latvia, specializing in automated last mile delivery solutions. The company provides a range of services including the delivery of letters, direct mail, batches, and small packages. With a workforce of over 400 employees, Post Service SIA operates forty parcel delivery and shipment terminals across the country. Additionally, the company develops and exports automated parcel terminals to meet the needs of other postal operators and courier services. Headquartered in Riga, Latvia, Post Service SIA combines technological innovation with a dedicated team of professionals to enhance postal delivery efficiency.

YPlan

Series A in 2013
YPlan is a mobile application that simplifies the process of discovering and booking events. Founded in London in February 2012, it offers users a curated list of local events, allowing them to select, pay, and attend activities on the same day. The platform collaborates with over 3,500 event partners globally, providing a diverse range of options for users to explore and enjoy their city. YPlan has garnered more than 1.5 million users and received extensive positive feedback, including over 1,000 five-star reviews on the App Store. The application also integrates with Apple's PassBook for seamless mobile ticketing, enhancing the user experience.

Blue Bridge Technologies

Venture Round in 2013
Blue Bridge Technologies, founded in 2007 in Latvia, specializes in developing and implementing innovative IT solutions aimed at modernizing business processes and enhancing service accessibility, particularly within the healthcare, health insurance, and wellness sectors. The company has established its expertise in automating process and document flows, leveraging its proprietary software that integrates seamlessly with existing systems. Their integrated SaaS platform connects healthcare payers, providers, and patients, offering features such as a practice management system, real-time automated health insurance transaction processing, and a patient portal for appointment booking and telehealth services. Through collaborations with healthcare providers, insurance companies, and representatives from the spa and fitness industries, Blue Bridge Technologies has gained substantial experience in facilitating efficient healthcare delivery and ensuring smooth insurance reimbursement.

Amateks

Private Equity Round in 2012
Amateks is a subcontracting company specializing in the production of metal components and complementary parts. It provides a variety of metalworking services, including stamping, CNC turning, lathing, CNC milling, and welding. By offering these services, Amateks aims to help businesses reduce production costs associated with metal parts and assembly units.

InMedica Klinika

Private Equity Round in 2012
InMedica klinika operates a network of primary care and specialized clinics in Lithuania, comprising 11 facilities and serving approximately 40,000 registered patients. The organization employs around 200 healthcare professionals, including doctors, to deliver a comprehensive range of medical services. These services encompass diagnostic assessments, outpatient treatments, surgical procedures, dentistry, and physiotherapy, as well as preventive medical examinations and vaccinations. By utilizing modern medical equipment and extensive laboratory testing, InMedica klinika aims to address various health issues and promote a healthy lifestyle among its patients.

YPlan

Seed Round in 2012
YPlan is a mobile application that simplifies the process of discovering and booking events. Founded in London in February 2012, it offers users a curated list of local events, allowing them to select, pay, and attend activities on the same day. The platform collaborates with over 3,500 event partners globally, providing a diverse range of options for users to explore and enjoy their city. YPlan has garnered more than 1.5 million users and received extensive positive feedback, including over 1,000 five-star reviews on the App Store. The application also integrates with Apple's PassBook for seamless mobile ticketing, enhancing the user experience.

SIA EKJU

Private Equity Round in 2012
SIA EKJU, established in 1992, is a prominent producer of garden furniture and interior elements, operating from its modern facility near Cesis, Latvia. The company specializes in a wide range of products, including round and combined garden tables, wooden benches, fences, gates, ecological wooden constructions, wooden pavements, sand and flower boxes, and bridges. With a production area of 12,930 square meters, SIA EKJU is equipped with advanced manufacturing capabilities, including timber drying kilns. The company exports 95% of its finished products, primarily serving markets in the United Kingdom, Denmark, France, Sweden, Norway, Ireland, and Spain.

ClusterPoint

Seed Round in 2012
Clusterpoint Group Limited is a database vendor that specializes in developing database and cybersecurity solutions for enterprise and government clients globally. The company offers a document-oriented database management system that efficiently organizes data in self-contained documents, allowing for easy retrieval through hierarchical indexing. Its services include Clusterpoint Database as a Service, application hosting, and on-premises solutions. Additionally, Clusterpoint provides a network traffic surveillance system for compliance and a log management system for data collection and analytics. The company caters to various sectors, including telecommunications, financial services, healthcare, and government. Founded in 2006, Clusterpoint is headquartered in London, with a development center in Riga and data centers in both London and Chicago. Its technology enables organizations to process large volumes of XML and JSON data, facilitating real-time analytics and enhancing data accessibility across platforms.

Vendon

Venture Round in 2012
Vendon Ltd. specializes in vending automation software solutions, offering a comprehensive online management and control system for vending machines. Founded in 2008 by Lauris Liberts, the company addresses the need for efficient vending machine operations by providing features such as stock monitoring, billing management, item-level tracking, warehouse management, and route scheduling. Vendon's platform facilitates real-time data collection on machine performance, enhancing operational efficiency and enabling businesses to optimize their vending services. The company's products are distributed across various countries, including Belgium, France, the United Kingdom, and Greece. Based in Marupe, Latvia, Vendon has grown to become a prominent player in the vending industry, extending its reach to over 41 countries.

Labochema

Venture Round in 2012
Labochema is a laboratory supply provider based in Vilnius, Riga, and Tartu, established in 1991 and led by Chairman of the Board Paulius Miezys. The company offers a comprehensive range of laboratory supplies and services, including chemicals, reagents, furniture, equipment, instrumentation, and consumables sourced from leading global manufacturers. Labochema serves a diverse clientele comprising educational institutions, biotech companies, industrial firms, pharmaceutical organizations, health care providers, and governmental entities across the Baltic region. By providing these essential products and services, Labochema supports its clients in conducting tests and obtaining critical information for various experiments.

Coffee Inn

Private Equity Round in 2012
Coffee Inn is the leading gourmet coffee chain in Lithuania, Latvia and Estonia, successfully launched in 2007 by a group of enterpreneurs and professionals.

SJSC Impuls LTU

Private Equity Round in 2011
SJSC Impuls LTU owns and operates sports and entertainment centers. It offers aerobics, fitness, martial arts, swimming, and training in a gym.

AGroup

Venture Round in 2011
AGroup, established in 2008 as a spin-off from the Latvian office of Robertson & Blums Corporation, specializes in human capital management solutions. The company traces its origins to 1995, when it developed its first payroll solution as an add-on to the SunSystems suite of financial reporting tools. This product, branded as HRB®, quickly gained traction in Eastern Europe, becoming a standard for payroll processing among SunSystems clients. Over the years, HRB® has expanded its offerings to include workforce management, time and attendance, and employee self-service functionalities, catering to evolving customer needs. AGroup now serves over 550 clients across 22 countries, managing more than 250,000 payrolls. The company's solutions are recognized for their multitenancy features, which have attracted independent payroll processors, including ADP for its operations in Poland. AGroup is now regarded as a leader in payroll processing and HR solutions in Eastern Europe, helping organizations streamline their operations and enhance productivity.

Ygle

Private Equity Round in 2011
UAB Ygle is a Vilnius-based company specializing in the design, installation, and maintenance of building utility systems. Established in 1995, it provides a range of services including heating, ventilation, air conditioning, water supply, sewerage, fire extinguishing, electrical systems, and automation. Additionally, Ygle offers services for gas systems, cooling equipment, fire alarms, smoke extraction, as well as cleaning, security, routine maintenance, replacement, and rubbish removal. The company caters to various sectors, including office, retail, and industrial buildings, focusing on complex engineering solutions. As of 2020, Ygle operates as a subsidiary of Sol Baltics Ou.

Runway BPO

Private Equity Round in 2011
Runway BPO is a leading business process outsourcing service provider in the Baltic States. With over 600 employees in 9 offices across the Baltics, Spain, and Ukraine, Runway Group offers cost-effective nearshoring services to Nordic, Western European, and multinational businesses. Their services include inbound and outbound call center services, IT outsourcing, back office services, and customized BPO solutions tailored to meet the specific needs of clients. With a focus on multi-lingual support and a wide range of outsourcing capabilities, Runway BPO is dedicated to providing efficient and effective solutions for businesses looking to streamline their operations.

UAB Kelprojektas

Acquisition in 2011
UAB Kelprojektas is a transport infrastructure engineering company based in Kaunas, Lithuania, established in 1956. The company specializes in the design and engineering of transport communications, including roads, streets, intersections, railways, bridges, and tunnels. Its services extend to the planning of public buildings, utility networks, and landscaping projects. Additionally, UAB Kelprojektas conducts geological exploration and provides geodesy and land-use planning services, which encompass topographical surveys and cadastral measurements. The company also engages in environmental impact assessments, feasibility studies, and technical supervision of projects. UAB Kelprojektas operates alongside its subsidiaries, which focus on territorial planning and technical supervision, thereby reinforcing its capabilities in the field of infrastructure development.

EuroLCDs

Seed Round in 2011
EuroLCDs is a European company focused on the development of advanced liquid crystal display technologies and smart glass applications. It operates its own research, industrialization, and manufacturing facility, allowing it to create innovative bi-stable and fast shutter liquid crystal displays. The company caters to various markets, including industrial, transportation, medical, and defense sectors, with a particular emphasis on emerging 3D imaging technologies. By combining its own research capabilities with the ability to industrialize third-party technologies, EuroLCDs offers a range of unique products and customized solutions to meet the specific needs of its clients.

Oobelisk

Private Equity Round in 2010
Oobelisk is a corporate media production company that specializes in creating a diverse array of corporate media products. Its offerings include audiovisual annual reports, yearbooks, and interactive presentations, all designed to enhance corporate communication and engagement. By focusing on innovative media solutions, Oobelisk aims to meet the needs of businesses looking to effectively present their information and narratives.

PrīmX® North America

Private Equity Round in 2010
Primekss SIA, founded in 1997 and headquartered in Riga, Latvia, specializes in the development, manufacture, and marketing of innovative concrete flooring solutions for various applications, including industrial warehouses, logistics centers, and supermarkets. The company's product lineup features jointless concrete floors, raft foundations, overlays, outdoor pavements, and specialized concrete care and gas protection systems. Notably, Primekss offers PrimeComposite, a cutting-edge jointless flooring solution recognized for its innovative design, having received multiple awards at industry events. The company also provides licensing opportunities for contractors and supports its clients with training courses and consultancy services. With a global presence that includes operations in Europe, the United States, Africa, and Asia, Primekss remains committed to enhancing concrete technology through ongoing research and development efforts, resulting in durable, low-maintenance flooring options that are visually appealing and resistant to cracking.

Magnetic MRO

Acquisition in 2010
Magnetic MRO AS is a comprehensive provider of aircraft maintenance, repair, and overhaul (MRO) services, catering to airlines, asset owners, original equipment manufacturers (OEMs), and operators. Established in 1995 and headquartered in Tallinn, Estonia, the company has developed a strong reputation for its innovative and digitalized MRO solutions. Its service offerings include total technical support, heavy and line maintenance, engine solutions, integrated engineering services, component repair, and full aircraft painting. Additionally, Magnetic MRO provides asset management services, technical training, and operates an e-platform for leasing and purchasing aircraft engine stands. With a global presence and more than 15 locations, including offices in Miami, London, Amsterdam, Dubai, Guangzhou, and Kuala Lumpur, the company has established itself as a one-stop solution for the aviation industry's maintenance needs. Magnetic MRO was formerly known as Air Maintenance Estonia AS before rebranding in 2014.

Medicap Holding

Acquisition in 2008
Medicap Holding is a provider of comprehensive medical services, specializing in blood work, lab tests, and diagnostic services. The company serves a diverse range of clients, including family physicians, ambulatory and stationary healthcare centers, occupational health care providers, and private individuals. Medicap Holding operates laboratory facilities across the Baltics, with a presence in Estonia, Finland, and Lithuania under the brand names Quattromed and Sorpo.

Energate OU

Acquisition in 2008
Energate OÜ is a company based in Tallinn, Estonia, specializing in the distribution and sale of natural gas. Established in January 2008, it operates over 120 kilometers of gas pipelines, primarily serving the cities of Tallinn and Tartu. Energate OÜ holds a network license that allows for the development of natural gas networks in five designated areas. Currently, the company is actively developing its networks and selling natural gas in two areas within Tallinn and its surroundings, while also having the rights to extend its infrastructure into Harku, Kohila, and parts of Rakvere and neighboring municipalities. Energate OÜ serves both residential and commercial customers, supplying natural gas for heating and electricity generation.

FCR Media

Acquisition in 2008
FCR Media is a digital agency and marketing company based in Dublin, Ireland, specializing in local search and advertising products for small and medium-sized enterprises (SMEs). Founded in 1967, the company offers a range of platforms and services, including goldenpages.ie, SaySo.ie, MobileReady, and the award-winning MySite Platform. These products cater to mobile, online, and print media, enabling businesses to enhance their performance and reach consumers effectively. FCR Media primarily focuses on delivering relevant information and advertising solutions, including location-based advertising, to support the growth of its clients in an increasingly digital marketplace.

Tallinna Pesumaja

Private Equity Round in 2006
Tallinna Pesumaja OÜ, founded in 2000 and headquartered in Kohila, Estonia, specializes in laundry and textile rental services for hotels, hospitals, and restaurants. The company utilizes automated sorting line washing machines and environmentally friendly detergents, which allow for efficient and sustainable operations. Additionally, it employs an electronic, RFID-based washing management system to enhance service quality and streamline processes. As a subsidiary of Lindström Oy since 2019, Tallinna Pesumaja aims to deliver a wide range of comfort services at competitive prices, positioning itself as a key player in the Estonian textile service industry.

EGeen

Private Equity Round in 2005
EGeen International, Inc., established in 2001, is a contract research organization specializing in rapid-response clinical drug trial management services for biotech and pharmaceutical companies. Based in Mountain View, California, with additional offices in the U.S. and U.K., and clinical sites across Eastern Europe, EGeen focuses on trials involving biologics, therapeutic vaccines, and various drug formulations. The company offers a range of services, including patient recruitment, clinical trial management, regulatory affairs, and monitoring, serving clients from local pharma companies to global CROs and medical institutions. EGeen's operational expertise spans neurology, cardiology, oncology, psychology, urology, and gastroenterology, enabling it to deliver high-quality, cost-effective trials that accelerate drug development.

NeoQi AS

Private Equity Round in 2005
NeoQi AS is an international company with vast experience in offering innovative SPA equipment. Estonian company established in 2001 - NeoQi AS - offers a variety of conceptual solutions for physical therapy, aesthetic medicine, wellness and spa industry, hardware cosmetology and design. Our goal is to offer to our clients full complex including quality equipment, educational trainings with our specialist, aftersales support, in addition to described services NeoQi offers wide range of cosmetics developed especially for its equipment and provides variety of SPA treatment programs.

Voira UAB

Private Equity Round in 2005
Voira UAB operates a chain of toy stores.

Zetcom SIA

Private Equity Round in 2005
ZetCOM provides telecommunication services to make and receive calls across Latvia and abroad. Its services include send and receive short messages, identify incoming calls, redirect calls to another phone number when necessary, and place incoming calls on hold. The company also provides access to Internet with GPRS data transfer and MMS sending. Its phone card offers roaming in Europe, Asia, Africa, Oceania, and America. The company was founded in 2002 and is based in R

Depo DIY

Acquisition in 2005
Depo DIY SIA is a leading DIY retailer in Latvia, established in 2004. The company operates nine retail stores located in key cities, including Riga, Liepaja, Jekabpils, Daugavpils, Rezekne, and Valmiera. With a workforce of over 1,000 employees, Depo DIY specializes in providing a wide range of building materials and home and garden products to both retail and wholesale markets. The company's commitment to quality and service has positioned it as a prominent player in the Latvian DIY sector.

IT Koolituskeskuse

Acquisition in 2005
IT Koolituskeskuse is a provider of training services in information and communications technology based in Estonia. The company specializes in offering training and consultancy related to information technology and communication technologies, catering to clients across the Baltic States. Through its programs, IT Koolituskeskuse aims to enhance the skills and knowledge of individuals and organizations in the rapidly evolving IT sector.

OfficeDay

Private Equity Round in 2004
Officeday is a leading provider of office supplies and services in the Baltic region, specifically in Lithuania, Latvia, and Estonia. The company offers a wide range of innovative and high-quality office products, furniture, and equipment, catering to the needs of businesses to support their growth. Officeday operates the largest office product retail chain in Lithuania, with 20 stores located in major cities and smaller towns. To reach its customers, the company employs various sales channels, including retail stores, telemarketing, mail, and e-commerce, ensuring a comprehensive approach to meet the diverse needs of its clientele.

Adam Auto SIA

Private Equity Round in 2004
Adam Auto SIA operates as a new and used car dealer. The company also offers spare parts, leasing, insurance, and old and used vehicle exchange services. It also provides vehicle’s body repair and painting, minor defects’ elimination, vehicle’s evacuation, diagnostics of vehicle, and accessories.

SIA V.L.T

Private Equity Round in 2004
SIA V.L.T. is a Latvian company specializing in the production of egg packaging, specifically egg cartons and trays. Founded in 1992, it initially operated as a retailer of agricultural equipment before transitioning to egg packaging in 1998 after acquiring production equipment from Huhtamaki Oyj. The company further expanded its capabilities by acquiring additional machinery from Huhtamaki Oyj and Ecofeutre, establishing itself as the largest producer of egg cartons and trays in the Baltic states. SIA V.L.T. markets its products through retail chains in the Baltic countries and exports to Lithuania, Poland, Estonia, and the Russian Federation. The company's headquarters is located in Valmiera, Latvia.

Intrac Group

Acquisition in 2002
INTRAC is a supplier of tracked and wheeled machines, catering to the forestry, construction, material handling, and agriculture sectors in the Baltic States, specifically Estonia, Latvia, and Lithuania. The company offers a diverse range of equipment, including skidders, harvesters, construction machinery, motor graders, terminal tractors, rollers, and pavers. In addition to selling high-quality machinery, INTRAC provides spare parts and related services to enhance customer support. Its service network is supported by stationary workshops and mobile service vans, ensuring effective maintenance and assistance for clients across various industries, such as forestry, port operations, medium-sized industries, farming, quarries, and construction.

UAB ICECO

Acquisition in 2001
UAB ICECO produces and exports ice creams, frozen desserts, waffle cups or cones for ice cream, and fish products to customers in Lithuania and internationally. The company sells its products through AURUM, MIO, FRUIT, ESKIMO, and TIRPUKAS brands. It also owns and operates a network of stores that sells assortment of ice cream, frozen desserts, and frozen vegetables, as well as culinary products, including dumplings, stuffed potato dumplings, pizzas, and filo pastry to consumers in Lithuania.

Teede REV-2

Acquisition in 1998
Teede REV-2 is a Estonian road building company headquartered in Tallinn. The company provides practically all road building services.

Svyturys-Utenos alus

Acquisition in 1998
Svyturys-Utenos alus UAB produces, sells, and exports beer, cider, alcoholic mixes, soft drinks, and drinking water.

Vipex

Acquisition in 1998
Vipex is an Estonian limited liability company founded in 1992, specializing in the wholesale distribution of building materials and home supplies. The company serves as a representation and distribution center for various well-known brands in Estonia and Eastern Europe. Vipex offers a diverse range of products, including interior decoration items, natural stones, sanitary ware, ceramic tiles, and a variety of household goods. Additionally, the company provides outdoor and design furniture, as well as slates and aggregates like marble, granite, and sandstone. Through its extensive product offerings, Vipex caters to the needs of customers in the construction and home decor sectors.

A. Le Coq

Acquisition in 1998
A. Le Coq is the oldest and largest beverage manufacturer in Estonia, specializing in both alcoholic and non-alcoholic drinks. The company's diverse product portfolio encompasses eleven categories, with beers being the primary focus, followed by juices, waters, soft drinks, ciders, light alcoholic beverages, active juice drinks, sports and energy drinks, syrups, and kvass. A. Le Coq is committed to promoting a good drinking culture in Estonia by honoring traditional manufacturing practices while also innovating its offerings to provide consumers with new and healthier flavor combinations. The company holds a leading position in the Estonian drinks market for beer, juice, and long drinks, and is a strong contender in the production of water, soft drinks, and cider, also serving markets in Latvia and Lithuania.

Ringuva.Lt

Acquisition in 1996
Ringuva.Lt has environmental changes make demands upon manufacturers, including: innovative thought, determined action and foresight. NAUJOJI RINGUVA AB appreciates an informed consumer who knows how to choose and offers him or her not just a product, but also a relationship based upon attention, listening, and respect. The Company is increasingly integrating its quality policy into its internal culture and ensuring that each employee implements that policy.

Standard AS

Acquisition in 1996
Standard AS is the specialist in furnishing projects in the Baltic States. AS Standard is the leading furniture manufacturer in the Baltic States. The enterprise has existed since 1944. The company has two primary business directions: StandardPro offers hotel and public space furnishing solutions; StandardOffice focuses on offices and interior design. The greatest strength and advantage of Standard over many other interior design companies is that we offer complete solutions, from initial consultations to the handover of the completed project. When you choose Standard as your partner, you receive everything you need to furnish your premises from one convenient source. Each project is dealt with at Standard by a professional project manager supported by a team of experienced specialists. Furniture is designed and produced in accordance with the client’s wishes and maintaining the product’s original and distinctive features. Standard offers a wide range of ready-made office furniture solutions that you can view on our website and in the product catalogue. All of Standard’s furniture is manufactured at our own production facilities using modern and environmentally friendly technologies and high-quality materials. Standard also offers delivery and installation as additional services. The result is always a stylish and most comfortable room. Standard has decades of experience in provision of furnishing solutions and the company has expanded into all regions of the world. Our activities have earned deserved recognition and we have completed many large projects not just in the Baltic States but in Finland, Sweden, Germany, the Netherlands and Russia as well.

EMV

Acquisition in 1996
Skanska EMV AS offers construction services.it offers general construction, civil engineering, special works, and real estate and project development.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.