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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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