BPM Capital

BPM Capital OÜ is a private equity and venture capital firm based in Tallinn, Estonia, with an additional office in Warsaw, Poland. The firm specializes in providing equity and mezzanine financing to small and medium-sized enterprises and lower midcap companies in the Baltic region and Poland. BPM Capital focuses on investments in buyouts, growth capital, and expansion projects within sectors such as consumer goods, healthcare, manufacturing, and technology. The firm avoids investments in real estate, tobacco, alcoholic beverages, firearms, gambling, and any activities on the EBRD Environmental and Social Exclusion List. It typically invests between €2 million and €10.5 million per transaction, targeting experienced management teams and facilitating growth opportunities while adhering to EBRD procedures for Category A investments. BPM Capital does not engage in start-ups or turnaround situations and also offers advisory services for larger transactions, often participating in syndications.

Kalmer Kikas

Managing Partner

Martin Reinson

Partner

Priit Veering

Partner

Pawel Zabrzycki

Partner

7 past transactions

DenEesti OÜ

Acquisition in 2018
DenEesti OÜ provides shore side and port services for the cruise industry. It provides shore excursions, shuttle bus operations, ground handling for turnarounds, and port agency services. It offers services in Tallinn, St. Petersburg, Saaremaa, Pärnu, Riga, and Klaipeda. The company was founded in 1999 and is based in Tallinn, Estonia.

Corle Ou

Acquisition in 2018
Corle Ou provides electricity and telecommunication network construction and maintenance services. It offers system planning, fiber optics assembly, street light and cable construction and maintenance, as well as technical engineer consulting services. The company was founded in 2006 and is based in Kose, Estonia. As of December 31, 2017, Corle Ou operates as a subsidiary of Network Assets Ou.

Tahe Outdoors

Debt Financing in 2017
Tahe Outdoors OÜ manufactures and distributes water sports equipment in Europe. The company offers kayaks and canoes, polyethylene boats, wooden oars and paddles and accessories and safety equipment for canoeing. It sells its products through a sales network and dealers in Estonia and internationally. The company exports its products to Chile, Venezuela, Taiwan, South Korea, Singapore, and Australia. Tahe Outdoors OÜ was formerly known as Tahe Kayaks OÜ. The company was founded in 1989 and is based in Viimsi, Estonia.

DEAC European Data Center Operator

Debt Financing in 2016
DEAC is privately owned IT outsourcing, data centers owner and operator, hosting and software services company in Eastern Europe. Since 1999, the company has provided reliable infrastructure to host websites, email and business applications.

Eskaro

Debt Financing in 2016
Eskaro Group AB is a Swedish manufacturer specializing in paints, varnishes, prime coatings, wood protection systems, putties, glues, and solvents. The company produces over 30 million liters of these products annually and employs around 480 individuals in production, logistics, and distributor support across various countries, including Belarus, Latvia, Russia, Ukraine, Finland, and Estonia. Eskaro develops its products to meet the needs of both corporate and residential sectors, with a focus on creating durable solutions that can withstand extreme conditions. Additionally, the company provides compounds designed to prevent and eliminate mold on various surfaces, further enhancing the longevity and quality of its offerings.

Optometrijas centrs

Acquisition in 2016
Optometrijas Centrs Sia operates as a prominent eye care chain in the Baltic region, managing 68 retail locations under brands such as Vision Express, Pasaules Optika, Optio, and Lornete. The company specializes in the retail and wholesale provision of glasses and contact lenses while also offering a range of optical and ophthalmic equipment tailored for ophthalmologists, optometrists, and opticians across Latvia, Estonia, and Lithuania. Its product offerings include spectacle frames, lens edging machines, and essential diagnostic tools like autorefractors, slit lamps, and tonometers. Founded in 1992 and headquartered in Riga, Latvia, Optometrijas Centrs has established itself as a key player in the optical market, catering to both consumer needs and professional requirements in eye care.

DEAC European Data Center Operator

Debt Financing in 2016
DEAC is privately owned IT outsourcing, data centers owner and operator, hosting and software services company in Eastern Europe. Since 1999, the company has provided reliable infrastructure to host websites, email and business applications.