BaltCap

BaltCap is an independent private equity firm established in 1995, based in Tallinn, Estonia, specializing in small and midmarket buyout and expansion capital investments across the Baltic States. With a team of 16 experienced professionals and local offices in all three Baltic countries, BaltCap has managed several private equity and venture capital funds, amassing over EUR 260 million in total capital and executing more than 60 investments. The firm targets established companies with growth potential, focusing on sectors such as business and financial services, healthcare, technology, media, telecommunications, consumer goods, renewable energy, and logistics. Additionally, BaltCap manages specific funds, including an infrastructure fund aimed at energy and clean technology projects. The firm is a member of various private equity associations and has been a signatory of the United Nations Principles for Responsible Investment since 2008.

Sandijs Abolins-Abols

Partner

Šarunas Alekna

Partner

Kornelijus Celutka

Partner

Dagnis Dreimanis

Managing Partner

Simonas Gustainis

Managing Partner

Martins Jaunarajs

Investment Director

Kristjan Kalda

Partner

Marek-Andres Kauts

Investment Director

Maciej Kopanski

Investment Director

Oliver Kullman

Partner

Vineta Kutkevica

Financial Director

Martin Kõdar

Managing Partner and Member of Investment Committee

Marius Miškinis

Investment Director

Eneken Napa

Partner and Finance and Risk Director

Matiss Paegle

Investment Director

Juris Parups

Investment Director

Robertas Petrauskas

Investment Director

Kristjan-Mart Piirsalu

Associate Director

Janis Pranevics

Associate Director

Peeter Saks

Managing Partner and Board Member

Sten Sonts

Investment Director

Past deals in Lithuania

Nord Security

Venture Round in 2022
Provider of digital security and privacy services intended to empower online safety and control. The company's services help to protect data, manage passwords, sync passwords across all devices, secure files and allow sharing of files, enabling individuals and businesses a cyber-security service for password management and file encryption.

Baltic Ticket Holdings AS

Acquisition in 2021
Baltic Ticket Holdings AS is a prominent ticket distribution company operating across Estonia, Latvia, Lithuania, and Belarus. Founded in 1997 in Tallinn, Estonia, the company initially gained recognition by selling tickets for major events, including a concert by Michael Jackson. Over the years, it expanded its operations, launching ticketing services in Latvia in 2000, Lithuania in 2008, and Belarus in 2010. The company's ticketing system integrates an online platform and a physical network of 400 sales points, facilitating access to a wide range of entertainment, sports, and cultural events. Baltic Ticket Holdings manages ticket sales portals that attract around 600,000 monthly visits and has successfully handled significant events, including the Estonian Dance and Song Festival and various international concerts. With a focus on technological advancement, the company's in-house ticketing system has been continuously developed since its inception, enabling efficient management of diverse events and organizers in the region.

Verkter

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

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.

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 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.

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.

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.

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.

Ecoservice

Acquisition in 2014
UAB Ecoservice is a waste management company based in Vilnius, Lithuania, founded in 1995. It specializes in the collection, transportation, and processing of municipal waste and recyclable materials. The company operates a fleet of vehicles to manage the removal and transport of various types of waste, including graveyard refuse. In addition to waste management, Ecoservice provides urban cleaning and street maintenance services, as well as leases household waste containers and other related equipment. The company is committed to social responsibility, actively engaging in educational initiatives and organizing campaigns for the collection of secondary raw materials. Through these efforts, Ecoservice aims to contribute positively to the community and support youth organizations.

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.

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 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.

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.

Voira UAB

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

OfficeDay

Private Equity Round in 2004
OfficeDay is a leading provider of office supplies and services in the Baltic region, specifically Lithuania, Latvia, and Estonia. The company offers a wide range of innovative and high-quality office products, furniture, and equipment designed to support the growth of its clients' businesses. OfficeDay operates the largest office product retail chain in Lithuania, with 20 stores located in major cities as well as smaller towns. To reach its customers, the company employs various sales channels, including retail locations, telemarketing, mail, and e-commerce. With a presence in 25 countries, OfficeDay is committed to being a reliable partner for businesses seeking effective office solutions.

INTRAC

Acquisition in 2002
INTRAC Group specializes in providing tracked and wheeled machinery for multiple sectors, including forestry, construction, material handling, and agriculture. The company supplies a diverse range of equipment, such as skidders, harvesters, motor graders, terminal tractors, rollers, and pavers, catering to customers in Estonia, Latvia, and Lithuania. In addition to machinery sales, INTRAC offers spare parts and related services, supported by a robust service network that includes stationary workshops and mobile service vans. Their clientele spans various industries, including forestry, port operations, medium-sized enterprises, farming, quarries, and construction, ensuring a comprehensive approach to meet the needs of their customers.

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.

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.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.