BaltCap

BaltCap is a prominent independent private equity firm specializing in small and midmarket buyout and expansion capital investments across the Baltic States. Established in 1995, the firm manages various private equity and venture capital funds, totaling over EUR 260 million in capital and having made more than 60 investments. With a strong presence in Estonia, Latvia, and Lithuania, BaltCap operates local offices staffed by an experienced team of professionals. The firm is committed to responsible investment practices, having been a signatory of the United Nations Principles for Responsible Investment since 2008. Additionally, BaltCap manages the BaltCap Infrastructure Fund, which focuses on greenfield projects in sectors such as energy and clean technology, and aims to invest in multiple projects within the Baltic region. The firm is also engaged in providing financing for established companies with growth potential, seeking to build a diverse portfolio of investments.

Sandijs Abolins-Abols

Partner

Sandra Aile

Investment Director

Šarunas Alekna

Partner

Matts Andersson

Partner and Senior Adviser

Kornelijus Celutka

Partner

Dagnis Dreimanis

Managing Partner

Simonas Gustainis

Managing Partner

Andrei Haritonov

Associate Director

Martins Jaunarajs

Partner

Heidi Kakko

Growth Fund Partner

Kristjan Kalda

Founding Partner

Maciej Kopanski

Investment Director

Oliver Kullman

Partner

Martin Kõdar

Managing Partner & Member of Investment Committee

Marius Miškinis

Investment Director

Eneken Napa

Financial Director

Astra Neimane

Investment Director

Matiss Paegle

Investment Director

Juris Parups

Investment Director

Juri Pervjakov

Financial Director

Robertas Petrauskas

Associate Director

Kristjan-Mart Piirsalu

Investment Associate

Janis Pranevics

Associate Director

Peeter Saks

Managing Partner & Board Member

Sten Sonts

Investment Director

Liudas Stembra

Investment Director

Peteris Treimanis

Investment Director

Criss Uudam

Investment Director

Astra Šepa

Investment Director

72 past transactions

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 in the industry. Founded in 1993, it is recognized as one of the largest and most modern meat processing facilities in the Baltic States. The company specializes in a diverse range of meat products, including boiled pates, cooked sausages, frankfurters, as well as hot and cold smoked sausages, dried sausages, and marinated products. Krekenavos Agrofirma caters to both local and international markets, demonstrating its significant presence in the meat processing sector. It 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 owns and operates fuel retail stores. The company offers snacks and fuels. It also offers customer cards and business -to-business cards. SIA KOOL Latvija was founded in 2016 and is based in Riga, Latvia.

Kaarli Hambapolikliinik

Acquisition in 2018
Kaarli Hambapolikliinik OÜ provides dental care services. The company was founded in 1998 and is based in Tallinn, Estonia. As of November 2, 2018, Kaarli Hambapolikliinik OÜ operates as a subsidiary of DenCap Investeeringud OÜ.

Lightspace Labs

Venture Round in 2018
Lightspace Technologies SIA specializes in the development of advanced optical solutions and technologies for augmented reality (AR) and virtual reality (VR) displays. Incorporated in 2014 and based in Mārupe, Latvia, the company focuses on creating multifocal, accommodating AR headsets and future glasses-free 3D image displays. Their portfolio includes innovative products such as a multilayer liquid crystal switching diffuser, VR/AR near-eye display architecture, and a unity 3D rendering software plugin designed for volumetric displays. Lightspace's volumetric 3D monitor is particularly significant in sectors like medicine and security, providing real-time 3D displays with optically deep images. This technology facilitates applications such as three-dimensional microscopy, image-guided surgery, and diagnostics, enhancing both image quality and eye comfort for professionals across various fields. Recognized as a leading contributor to volumetric 3D display technologies, Lightspace continues to advance optical reality solutions by reducing the optical hardware requirements for light field display technology significantly.

Anaerobic Holding

Acquisition in 2017
Anaerobic Holding is a biogas plant company in Latvia.

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 based in Tallinn, Estonia, specializing in the construction and maintenance of infrastructure and civil engineering works. Founded in 1961, the company undertakes projects such as the construction and reconstruction of roads, bridges, railways, and public water supply and sewerage systems. TREV-2 Grupp also designs and builds district heating systems and operates various quarries for gravel, sand, and limestone, producing asphalt and mineral construction materials. Additionally, the company manufactures and sells traffic control devices and offers temporary traffic management solutions. Its operations aim to enhance the quality of life and safety for the community by providing reliable and sustainable infrastructure solutions.

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 company specializing in pumping systems and related equipment, operating primarily in Eastern Europe. Founded in 2013 and headquartered in Riga, Latvia, the company offers a comprehensive range of services, including equipment rental, project scheduling, cost calculations, delivery, installation, and sales of various pumping systems. Its product offerings include well point dewatering pumps, sewage pumps, submersible pumps, and a variety of accessories, alongside trench shoring systems and power generators. UPRENT caters to diverse industries such as construction, agriculture, mining, and emergency services, addressing needs like sewage pumping, groundwater purification, and industrial reservoir cleaning. The company prioritizes customer satisfaction by maintaining open communication, actively addressing customer feedback, and tailoring services to meet specific requirements. With branches in Latvia, Lithuania, Estonia, and Poland, UPRENT aims to deliver efficient solutions that minimize energy costs and enhance operational effectiveness.

Fitek

Acquisition in 2016
Fitek 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 financial processes, offering services that encompass purchase invoice management, document workflow, and sales invoice solutions. Fitek aims to reduce customer costs by streamlining and accelerating financial operations, serving over 1,000 clients across the Baltic states, Nordic countries, and Central Europe. Its clientele includes leading banks, telecoms, public sector institutions, and various industries. The company employs more than 130 qualified professionals across its offices in Tallinn, Riga, Vilnius, and Bratislava, helping customers save significant resources—up to five times—dedicated to financial processes.

EKT

Acquisition in 2015
Eesti Keskkonnateenused operates as a providers of waste management and municipal services. The company collects secondary raw materials, construction waste, and other waste. The company also provides road and street maintenance in some areas. The company has applied an integrated health, safety, and environmental management system based on ISO 9001, ISO 14001, and OHSAS 18001 standards. Eesti Keskkonnateenused was founded on 1998 and is headquartered in Tallinn, Estonia.

Dental Invest Estonia

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

Lightspace Labs

Seed Round in 2015
Lightspace Technologies SIA specializes in the development of advanced optical solutions and technologies for augmented reality (AR) and virtual reality (VR) displays. Incorporated in 2014 and based in Mārupe, Latvia, the company focuses on creating multifocal, accommodating AR headsets and future glasses-free 3D image displays. Their portfolio includes innovative products such as a multilayer liquid crystal switching diffuser, VR/AR near-eye display architecture, and a unity 3D rendering software plugin designed for volumetric displays. Lightspace's volumetric 3D monitor is particularly significant in sectors like medicine and security, providing real-time 3D displays with optically deep images. This technology facilitates applications such as three-dimensional microscopy, image-guided surgery, and diagnostics, enhancing both image quality and eye comfort for professionals across various fields. Recognized as a leading contributor to volumetric 3D display technologies, Lightspace continues to advance optical reality solutions by reducing the optical hardware requirements for light field display technology significantly.

BPT Hansa

Acquisition in 2015
BPT Real Estate AS is a property and asset management firm based in Tallinn, Estonia, with additional offices in Riga, Vilnius, Warsaw, and St. Petersburg. Founded in 2001, the company offers a comprehensive range of services, including asset management, property management, and investment fund management. Its asset management services encompass business projections, reporting, lease negotiations, and recommendations for property development. In property management, BPT focuses on tenant relations, facility management, and financial oversight. The firm also provides support services such as budgeting, project management, and feasibility studies. BPT Real Estate caters to property owners, institutional and private investors, and portfolio owners primarily in the Baltic Sea region, leveraging its extensive market knowledge and expertise to deliver high-quality, innovative strategies in commercial real estate.

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 is the most technologically advanced platform for mobility solutions, powering the world’s leading companies and cities. The technology suite is tailor-made to operate mobility services. From white label MaaS solutions to deep analytics, we enable our partners to become the driving forces of urban mobility. Founded in 2007 with offices in Berlin, Vilnius and London, Trafi is proud to count companies like Lyft, Google, Apple, Volkswagen, Skoda, and cities including Berlin, Jakarta, and Rio de Janeiro amongst our clients.

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.

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.

Lightspace Labs

Seed Round in 2014
Lightspace Technologies SIA specializes in the development of advanced optical solutions and technologies for augmented reality (AR) and virtual reality (VR) displays. Incorporated in 2014 and based in Mārupe, Latvia, the company focuses on creating multifocal, accommodating AR headsets and future glasses-free 3D image displays. Their portfolio includes innovative products such as a multilayer liquid crystal switching diffuser, VR/AR near-eye display architecture, and a unity 3D rendering software plugin designed for volumetric displays. Lightspace's volumetric 3D monitor is particularly significant in sectors like medicine and security, providing real-time 3D displays with optically deep images. This technology facilitates applications such as three-dimensional microscopy, image-guided surgery, and diagnostics, enhancing both image quality and eye comfort for professionals across various fields. Recognized as a leading contributor to volumetric 3D display technologies, Lightspace continues to advance optical reality solutions by reducing the optical hardware requirements for light field display technology significantly.

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
Post Service SIA operates as a private postal operator and developer of automated last mile delivery solutions. It delivers letters, direct mail, batches, and small packages. The company owns forty parcel delivery and shipment terminals. The company also develops and exports automated parcel terminals to fulfill the needs of other postal operators and courier companies. Post Service SIA is based in Riga, Latvia.

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, SIA manufactures metal accessories, metal components, and complementary parts. It offers stamping, automatic assembling, lathing, computer numerical controlled (CNC) milling and turning, and welding services. The company offers its products to electromechanical, automotive, heating, microelectronics, document finishing and related industries. The company was founded in 2002 and is based in Olaine, Latvia.

UAB Inmedica

Private Equity Round in 2012
UAB Inmedica, founded in 2004 and based in Vilnius, Lithuania, operates a network of primary care and specialized clinics. Formerly known as UAB Seimos Medicinos Klinika, the company manages 11 clinics with a registered patient base of approximately 40,000 individuals. Inmedica employs around 200 healthcare professionals, including doctors and specialists. The clinics provide a wide range of medical services, including diagnostic evaluations, outpatient treatments, surgical procedures, dentistry, and physiotherapy. Inmedica focuses on both treating various diseases and promoting preventive healthcare measures, such as vaccinations and health examinations, utilizing modern equipment and comprehensive laboratory tests to support patient wellness and a healthy lifestyle.

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, founded in 1992 as a Latvian/German joint venture, is one of the largest producers of garden furniture in Latvia. Based in Riga, with a modern production facility near Cesis spanning over 12,930 square meters, the company specializes in a variety of outdoor and indoor wooden products. Its product range includes round and combined garden tables, wooden benches, fences, ecological wooden constructions, and decorative items such as sand and flower boxes. With a strong export focus, approximately 95% of its finished goods are shipped to 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, focusing on enhancing the management and control of vending machines. Established in 2008 by Lauris Liberts, the company developed its flagship product, Vendon, which offers online management capabilities including stock and billing monitoring, delivery operations, and item-level tracking. Additionally, Vendon provides features such as warehouse management, product accountability, alerts, reports, merchandising, forecasting, route management, and scheduling. The company's solutions are distributed across multiple countries, including Belgium, France, Luxembourg, the United Kingdom, Ireland, Finland, Switzerland, Poland, and Greece. Based in Marupe, Latvia, Vendon has expanded its reach to over 41 countries, positioning itself as a prominent player in the vending industry.

Labochema

Venture Round in 2012
Labochema is a pan-Baltic laboratory supply provider based in Vilnius, Lithuania, with additional operations in Riga and Tartu. Established in 1991, the company distributes a comprehensive range of products, including chemicals, reagents, laboratory furniture, equipment, instrumentation, and consumables sourced from leading global scientific manufacturers. Labochema serves a diverse clientele that encompasses educational institutions, biotechnology firms, industrial companies, pharmaceutical organizations, healthcare providers, and governmental agencies. Through its subsidiaries, Labochema LT, Labochema Latvija, and Labochema Eesti, the company aims to meet the needs of various sectors in the Baltics, ensuring access to high-quality laboratory supplies and related services.

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.

Ygle

Private Equity Round in 2011
UAB Ygle engages in the design, installation, and routine maintenance of building utility systems. It offers heating, ventilation, air conditioning, water supply, sewerage, fire extinguishing, electrical, weak current, automation systems, gas systems, cooling equipment, fire alarm systems, contract administration, and smoke extraction systems services. The company also offers cleaning, security, routine maintenance, replacement, and rubbish removal services. UAB Ygle was founded in 1995 and is based in Vilnius, Lithuania. As of September 22, 2020, UAB Ygle operates as a subsidiary of Sol Baltics Ou.

AGroup

Venture Round in 2011
AGroup was formed in 2008, as a spin off from Latvian office of Robertson & Blums Corporation, which underwent dramatic restructuring in early 2008. Companie’s products, however, date back to 1995, when the first solution was developed as an add-on module to SunSystems suite of financial reporting tools. The solution, initially focused exclusively on payroll, gained popularity and quickly became a standard for streamlining the payroll process among SunSystems clients in Eeastern Europe. In 1998 the product was branded HRB® and released as a stand alone tool, covering payroll calculation and reporting. Hundreds of multinationals across a dozen countries were already using HRB® to calculate payroll for tens of thousands of employees at that time. In 2000, HRB® suite of products first ventured outside of its exclusive focus on payroll. A series of tools covering basic HR functionality, including workforce management were added. HRB® products continued to develop and gain recognition on the market. Product’s multitenancy features, made it attractive to independent payroll processors, some of which adopted the product to run their whole business using HRB® solutions. World leader in payroll processing – ADP – is exclusively using HRB® to run its Polish branch to date. In 2001, HRB® solutions were further enhanced with advanced Time & Attendance functionality. Web-based employee and manager serf service portal was added in 2004. Subsequently metrics management and recruitment functionality were introduced in 2006, due to customer demands. Today AGroup is one of the leaders in payroll processing and HR solutions in Eastern Europe with over 550 clients in 22 countries, calculating 250,000+ payrolls.

Runway BPO

Private Equity Round in 2011
Runway BPO is a business process outsourcing service provider in the Baltic States. As a multi-lingual and multi-tower outsourcing company, Runway Group provides Nordic, Western European, and multinational businesses with cost-effective nearshoring services, performed by over 600 employees operating in 9 offices located in the Baltics, Spain and Ukraine. Runway Group services include inbound and outbound call center services (including telemarketing, customer support and market surveying), IT outsourcing services (consisting of IT support and consulting, web, software and mobile app development, IT architecture and IT infrastructure services and other IT related services), various back office services (data collection, data entry, HR outsourcing, accounting, bookkeeping and many other back office services) as well as other tailor made BPO services adapted to the needs and requirements of clients.

UAB Kelprojektas

Acquisition in 2011
UAB Kelprojektas is a transport infrastructure engineering company that designs transport communications, public use buildings, engineering systems, and performs territorial planning works. The Kelprojektas Group of companies includes UAB Kelprojektas, a ​transport infrastructure engineering company in Lithuania, UAB Urbanistika, that focuses in the market of territorial planning works in Lithuania, UAB Kelvista, a technical supervision in Lithuania, and ICCON (Infrastructure and City Consultants), a subsidiary in Sweden. The company's main activities include Road and street engineering bridge engineering, railway engineering, airport engineering, port engineering, architectural and building engineering, traffic flow modelling, geological exploration, investigation engineering, geodesy and land-use planning, environmental impact assessment, feasibility studies, territorial planning, and technical supervision. UAB Kelprojektas was founded on 1956 and is headquartered in Kaunas, Lithuana.

EuroLCDs Ltd.

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 planning to offer unique range of corporate media products, ranging from audio visual annual reports and yearbooks to interactive presentations.

Primekss

Private Equity Round in 2010
Primekss, founded in 1997, is a highly innovative concrete specialist based in Riga, Latvia with offices and licensees across the globe. Through its R&D efforts Primekss constantly continues to improve concrete. The company has twice received the prestigious Most Innovative Product award at World of Concrete in Las Vegas for its PrimeComposite floors and rafts, and has been a recipient of numerous prizes for innovation, in addition to other accolades across Europe.

Magnetic MRO

Acquisition in 2010
Magnetic MRO is a global provider of aircraft maintenance, repair, and overhaul (MRO) services, established in 1995 and headquartered in Tallinn, Estonia. The company has built a strong reputation for delivering comprehensive technical care solutions for airlines, asset owners, OEMs, and operators. Its service offerings include heavy and line maintenance, engine solutions, integrated engineering, and component repairs, as well as the supply of spare parts and consumables. In addition to these services, Magnetic MRO engages in asset management, providing support for asset acquisitions, end-of-life management, and technical assistance during leases. The company also operates an e-platform, EngineStands24.com, facilitating the leasing and purchasing of aircraft engine stands. With over 15 locations worldwide, including major cities like Miami, London, and Dubai, Magnetic MRO continues to expand its international presence through new business units, acquisitions, and partnerships.

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 OU operates in the development of natural gas networks, distribution, and sale of natural gas. Energate OU owns and operates over 120km of gas pipelines around the two main cities in Estonia, Tallinn and Tartu. Energate OÜ has a network license for the development of natural gas networks and the sale of natural gas today in 5 network areas. Natural gas networks are being developed and gas is sold today in 2 network areas in Tallinn and its immediate vicinity. In addition, Energate OÜ has the right to develop natural gas networks in the Harku and Kohila rural municipalities and in the northern part of Rakvere and neighboring neighboring municipalities. Energate OÜ sells natural gas to households and businesses. Energate OU was founded in January 2008 and is based in Tallinn, Estonia.

FCR Media

Acquisition in 2008
FCR Media is a specialized digital agency, sales, and marketing company in Ireland providing local search and advertising products for SMEs across mobile, online, and print platforms. The company's proprietary platforms and products include goldenpages.ie (Print, Online & Mobile), SaySo.ie (Online & Mobile), MobileReady, that offers and alerts with location based advertising (LBA) solutions and an award winning MySite Platform. FCR Media focuses on delivering customers with online and print media options to ernhance the performance of business and to provide consumers with relevant information. FCR Media was founded on 1967 and is headquartered in Dublin, Ireland.

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 catering to hotels, hospitals, and restaurants. The company employs advanced technology, including automated sorting line washing machines and an electronic RFID-based washing management system, to enhance operational efficiency. It prioritizes environmental sustainability by utilizing eco-friendly detergents, as well as conserving water and energy in its processes. As of September 2019, Tallinna Pesumaja operates as a subsidiary of Lindström Oy, further solidifying its position in the textile service industry.

EGeen

Private Equity Round in 2005
EGeen business is to advance the drug development of biotech and pharmaceutical companies by offering fast, high quality and cost-effective clinical trial management services.

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
SIA DEPO DIY operates stores. The company offers products in various categories, including home, garden, repair, building, zoo, rest, flowers, and more. It also offers services for cutting materials, framing, edging of plate edges, door preparation, curtain sewing, and more. The company was founded in 2005 and is based in Stopiņu, Latvia.

IT Koolituskeskuse OU

Acquisition in 2005
IT Koolituskeskuse is a provider of training in information and communications technology in Estonia.

Officeday

Private Equity Round in 2004
Officeday is the office supplies and service provider in Baltics. The company is a reliable business partner for its clients in Lithuania, Latvia and Estonia offering innovative and top quality office supply decisions needed for clients’ successful business growth. Officeday has the largest office product retail chain in Lithuania, operating 20 shops in the largest cities as well as smaller ones.

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 Group supplies tracked and wheeled machines for forestry, material handling, and earthmoving to customers in the Baltic States. Its service network includes stationary workshops and mobile service vans. The company serves customers in various areas, including forestry, port operations, medium sized industries, farming, quarries, and construction businesses in Estonia, Latvia, and Lithuania.

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.

A. Le Coq

Acquisition in 1998
A. Le Coq is the oldest and biggest drinks manufacturer in Estonia. Our product portfolio includes 11 different product groups. The main product group is beers, followed by juices, waters and soft drinks, and the remaining product groups such as ciders, light alcoholic beverages, Active juice drinks, sports and energy drinks, syrups and kvass. The company is dedicated to the preservation and development of good drinking culture in Estonia by valuing old manufacturing traditions as well as taking an innovative approach to updating its product portfolio so it can offer consumers new and healthy flavour combinations. A. Le Coq holds the leading position on the Estonian drinks market in the categories of beer, juice, and long drinks and ranks a strong second in the production of water, soft drinks and cider.

Vipex

Acquisition in 1998
AS Vipex is an Estonian limited liability company which was established in 1992. Vipex is a representation and distribution center for building materials and home supplies. Vipex represents several strong and well-known brands in Estonia and Eastern Europe.

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.