BaltCap

BaltCap is an independent private equity firm established in 1995 and based in Tallinn, Estonia. It specializes in buyout and growth investments primarily in small to mid-sized unlisted companies across the Baltic States. With a strong local presence and a team of 16 professionals, BaltCap focuses on various sectors, including business and financial services, healthcare, technology, media, telecommunications, consumer products, renewable energy, and logistics. The firm has managed multiple private equity and venture capital funds, accumulating over EUR 260 million in total capital and completing more than 60 investments. BaltCap is a member of various regional private equity associations and has been a signatory of the United Nations Principles for Responsible Investment since 2008, underscoring its commitment to responsible investment practices.

Abolins-Abols, Sandijs

Partner

Sarunas Alekna

Investment Director

Kornelijus Celutka

Partner

Dagnis Dreimanis

Managing Partner

Kalda, Kristjan

Partner

Kullman, Oliver

Partner

Vineta Kutkevica

Financial Director

Martin Kodar

Managing Partner

Marius Miškinis

Investment Director

Peeter Saks

CEO, Managing Partner

Sten Sonts

Investment Director

Stepukonis, Šarunas

Associate 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 an internet privacy and security provider catering to both individuals and businesses. The company offers a range of services designed to enhance online safety and control, including NordVPN and Surfshark. Its product portfolio focuses on protecting user data, managing passwords, and ensuring secure file sharing and encryption. By providing these digital security solutions, Nord Security aims to empower users with the tools necessary for effective cyber-security management.

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

Private Equity Round in 2020
Verkter is a commercial group offering DIY tools and accessories.

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.

Meat LT

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

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 in-home senior care automation platform. Payers, health systems, and families trust TrueCare24 to save time by 12x via automated workflows, save cost by 30% via market data intelligence, and grow effortlessly using 50K+ integrated services. Through our open marketplace infrastructure we eliminate the inefficiencies of in-home senior care, which is a growing $100B+ market.

TREV-2 Grupp

Acquisition in 2017
TREV-2 Grupp is a construction company, focused on the construction and maintenance of infrastructure objects and civil engineering works in Estonia. TREV-2 Grupp builds roads, bridges, water and sewage treatment plants, pipelines, and railways. In addition, TREV-2 Grupp operates several gravel, sand and limestone quarries, produces asphalt, and a range of road safety products. The company's objective is to provide reliable, sustainable, and smart solutions. It improves the quality of life and safety of people by building and maintaining infrastructure. TREV-2 Grupp was founded on 1961 and is based 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.

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.

Coffee Address

Acquisition in 2017
Coffee Address is a vending and coffee services company that is committed to the quality of life through a cup of coffee. The company takes care of the whole coffee journey, from beans to cup. The company meets the needs of the modern day coffee and office, these includes innovative payment methods, personal offers, premium brand, which consists of handmade coffee from around the world, and many more. The company believes that a cup of coffee is an important pleasure in life. Coffee Address was launched in 1993 and is headquartered in Vilnius, Lithuania.

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

Acquisition in 2016
Fitek is a financial process automation solutions and services provider for enterprises and public sector. The company operates in Estonia, Latvia, Lithuania, and Slovakia. Fitek is founded in 1995. The company's services cover most of financial process, from purchase invoice management and document workflow to complex sales invoice solutions. Fitek lowers the costs of customers by optimizing and accelerating the financial processes. The company serves more than 1000 customers in Baltic states, Nordic, and Central European countries. The customers are leading banks and telecoms, public sector institutions, and companies from other industries. There are more than 130 qualified professionals working in Tallinn, Riga, Vilnius and Bratislava sites. Its solutions help customers to save up to 5 times of the resources dedicated to the financial processes.

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 is a document-oriented database tehcnology for processing of XML and JSON data in a distributed fashion on large clusters of commodity hardware. High-availability architecture of the database blends secure OLTP transactions, fast full-text search and real-time big data analytics in the same code. Clusterpoint Cloud is a database-as-a-service solution, which combines Clusterpoint database technology computational power with its own Cloud infrastructure for database storage. Clusterpoint is deployed in Government, Healthcare, Media, Telecoms and a range of internet businesses that need to: * break down data silos and provide unified access to information assets * derive value from unstructured content using search based analytics * deliver next-gen real-time mobile apps using Google-like search for fast data access

STENDERS

Private Equity Round in 2015
STENDERS produces and sells showering, bathing, and body care products. The company offers body care products, such as sun care products, hand care products, sauna honey, yogurts and lotions, body butter, and body and massage oils; skin care products, including creams, tonics, and lip butter; and hair care products, such as shampoos, hair conditioners, hair treatment products, and hair care products for men.

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 uncovers the best events every day so you can get out and Live Your City. Get the lowdown on cool dates, hidden culture and where to hang with friends. Discover, book, go – it's that simple. Flash your YPlan ticket and you're in. Founded in London in February, 2012, YPlan works directly with 3500+ event partners worldwide, has over 1.5 million users, and 1000+ 5* reviews on App Store.

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 produces and sells showering, bathing, and body care products. The company offers body care products, such as sun care products, hand care products, sauna honey, yogurts and lotions, body butter, and body and massage oils; skin care products, including creams, tonics, and lip butter; and hair care products, such as shampoos, hair conditioners, hair treatment products, and hair care products for men.

Post Service SIA

Private Equity Round in 2013
PostService is the largest private postal service company in Latvia with a team of more than 400 employees - postal agents, drivers, brigadier, regional directors, marketing masters and many other specialists. We have developed our own technological postal service solutions, which is a step ahead. We are all amateurs and professionals in our field.

YPlan

Series A in 2013
YPlan uncovers the best events every day so you can get out and Live Your City. Get the lowdown on cool dates, hidden culture and where to hang with friends. Discover, book, go – it's that simple. Flash your YPlan ticket and you're in. Founded in London in February, 2012, YPlan works directly with 3500+ event partners worldwide, has over 1.5 million users, and 1000+ 5* reviews on App Store.

Blue Bridge Technologies

Venture Round in 2013
The company „Blue Bridge Technologies” was founded in 2007, in Latvia by the team of experienced Latvian experts especially to develop and implement new and effective IT solutions for business process modernization and service accessibility. Its specialization was defined through the years of development – process and document flow automation in healthcare, health insurance and wellness. In the basis of their products is their own developed software that can be easily integrated with other systems and helps to automate various business processes. Implementing their projects, they have received valuable experience in collaboration with health care providers, insurance companies, spa and fitness industry representatives.

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 uncovers the best events every day so you can get out and Live Your City. Get the lowdown on cool dates, hidden culture and where to hang with friends. Discover, book, go – it's that simple. Flash your YPlan ticket and you're in. Founded in London in February, 2012, YPlan works directly with 3500+ event partners worldwide, has over 1.5 million users, and 1000+ 5* reviews on App Store.

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 is a document-oriented database tehcnology for processing of XML and JSON data in a distributed fashion on large clusters of commodity hardware. High-availability architecture of the database blends secure OLTP transactions, fast full-text search and real-time big data analytics in the same code. Clusterpoint Cloud is a database-as-a-service solution, which combines Clusterpoint database technology computational power with its own Cloud infrastructure for database storage. Clusterpoint is deployed in Government, Healthcare, Media, Telecoms and a range of internet businesses that need to: * break down data silos and provide unified access to information assets * derive value from unstructured content using search based analytics * deliver next-gen real-time mobile apps using Google-like search for fast data access

Vendon

Venture Round in 2012
Vendon came to life in 2008 when founder Lauris Liberts realized the need for a smarter way to deal with vending machine refills. Vendon since has become one of the Draugiem Group's leading export startups, now present in 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
Ygle, a Vilnius, Lithuania-based provider of building systems solutions. Led by Founder and Chairman Vytautas Šniukšta, the company provides design, installation and maintenance services for the office, retail, industrial and other special purpose buildings, which require complex HVAC and other engineering solutions.

EuroLCDs

Seed Round in 2011
EUROLCDS is a new European Liquid crystal product development company with own research, industrialization and manufacturing facility. Company is developing unique functionality bi-stable and fast shutter liquid crystal display and smart glass technologies and products for EU and global industrial, transportation, medical and defense markets in sectors of emerging 3D imaging and smart glass applications. Due to right combination of own research and technological developments, knowledge with ability to industrialize 3rd party technologies EUROLCDS provides unique offering of several technologies and products combined with ability to develop customized solutions.

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
PrīmX® is the technology you need to build a reputation as a visionary and innovator. Industrial builders and architects can leverage patented PrīmX floors to build distinctive, durable, efficient and affordable buildings — and concrete contractors can create a highly differentiated business.

Magnetic MRO

Acquisition in 2010
Magnetic MRO is a total technical care maintenance and asset management organization with a global presence and two decades of worldwide experience. The company has a well-established reputation in innovative solutions in digitalized MRO services and proven track record as a one-stop total technical care organization for airlines, asset owners, OEMs, and operators. Magnetic MRO launched an e-platform called EngineStands24.com, for the aviation market for leasing, purchasing, and transporting aircraft engine stands, providing an easy and fast solution for airlines, MROs, engine shops, lease companies as well as freight forwarders. The company has more than 15 locations around the world in respect of new business units, company acquisitions, international partnerships as well as warehouses and outstations launched internationally. Magnetic MRO was founded on 1995 and is based in Tallinn, Estonia.

Medicap Holding

Acquisition in 2008
Medicap Holding offers medical services such as blood work, lab tests, diagnostic services, and more. Medicap Holding provides medical laboratory services to family physicians, the providers of ambulatory and stationary, occupational health care centers, medical care, and private individuals.

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.

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 is a company that specializes in advancing drug development for biotechnology and pharmaceutical firms by providing clinical trial management services. It focuses on delivering fast, high-quality, and cost-effective solutions to enhance the efficiency of clinical trials. By leveraging its expertise and extensive network, EGeen aims to streamline the approval process for new drugs, helping clients achieve successful research outcomes.

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
The Company was established in year 1992, when it started operations as a retailer of agricultural equipment. In year 1998 the Company acquired the equipment from Huhtamaki Oyj for producing View type egg cartons and MK+ trays, this being a start of egg packaging production in V.L.T. SIA. Further on the Company acquired another production equipment from Huhtamaki Oyj and three machines from french company Ecofeutre. Thus becoming the largest producer of egg cartons and trays in Baltic states.

INTRAC

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.

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.

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.

Svyturys-Utenos alus

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

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 Ltd.

Acquisition in 1996
Skanska EMV AS offers construction services.it offers general construction, civil engineering, special works, and real estate and project development.
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