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.
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.
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.
Coffee Address
Acquisition in 2017
Coffee Address is a vending and coffee services company based in Vilnius, Lithuania, established in 1993. The company focuses on enhancing the coffee experience for modern workplaces and individuals by managing the entire coffee journey, from sourcing quality beans to serving them in a cup. Coffee Address offers a range of innovative payment options and personalized services, catering to the diverse needs of its clients. The company prides itself on providing premium coffee selections, featuring handmade brews sourced from around the world. Coffee Address aims to elevate the enjoyment of coffee, recognizing it as a significant pleasure in daily life.
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.
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.
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.
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.
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.
Ygle
Private Equity Round in 2011
UAB Ygle is a Vilnius-based company specializing in the design, installation, and maintenance of building utility systems. Established in 1995, it provides a range of services including heating, ventilation, air conditioning, water supply, sewerage, fire extinguishing, electrical systems, and automation. Additionally, Ygle offers services for gas systems, cooling equipment, fire alarms, smoke extraction, as well as cleaning, security, routine maintenance, replacement, and rubbish removal. The company caters to various sectors, including office, retail, and industrial buildings, focusing on complex engineering solutions. As of 2020, Ygle operates as a subsidiary of Sol Baltics Ou.
UAB Kelprojektas
Acquisition in 2011
UAB Kelprojektas is a transport infrastructure engineering company based in Kaunas, Lithuania, established in 1956. The company specializes in the design and engineering of transport communications, including roads, streets, intersections, railways, bridges, and tunnels. Its services extend to the planning of public buildings, utility networks, and landscaping projects. Additionally, UAB Kelprojektas conducts geological exploration and provides geodesy and land-use planning services, which encompass topographical surveys and cadastral measurements. The company also engages in environmental impact assessments, feasibility studies, and technical supervision of projects. UAB Kelprojektas operates alongside its subsidiaries, which focus on territorial planning and technical supervision, thereby reinforcing its capabilities in the field of infrastructure development.
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.
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.
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.
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