Livonia Partners

Livonia Partners, established in 2013, is a private equity firm headquartered in Riga, Latvia, with offices in Tallinn, Estonia, and Vilnius, Lithuania. The firm specializes in buyout and growth capital investments, focusing on small to mid-sized companies in the Baltic region, particularly Estonia, Lithuania, and Latvia. Livonia Partners invests between €3 million and €15 million per company, targeting enterprises valued between €10 million and €100 million, and employs a co-investment strategy for larger transactions up to €70 million. The firm prefers majority ownership but also considers minority investments, and typically invests in companies with fewer than 500 employees. Livonia Partners' investment focus spans various sectors, including manufacturing, services, consumer, financial, technology, media, and healthcare. The firm is managed by an experienced, multi-disciplinary team with extensive business-building expertise in the Baltic countries and beyond.

Kristīne Bērziņa

Co-Founder

Ernests Bordans

Investment Partner

Mindaugas Rapolas

Investment Partner

Adolis Tarasevicius

Senior Associate

Mindaugas Utkevicius

Founding Partner

Karlis Vikis

Associate

Past deals in Latvia

Santa Monica Networks

Acquisition in 2017
Santa Monica Networks has been working on developing and maintaining data transmission network solutions since 1989, offering corporate networking between the Baltic States, as well as solutions for data security, unified communications, optical networks and contact centers. SMN operates in the Baltic States and Finland, employing a total of 80 IT experts and consultants. The company's customer base includes the largest Latvian companies and major Internet service providers. SMN has been operating in Latvia since 2003. SMN focuses on providing services known as SantaCare's name. Among them, Managed Services and System Integration Services are most popular with leading global solutions, including Cisco, HP, Microsoft, Transmode, Juniper, Fortinet, Check Point, F5, Barracuda, Allot Communications, Blue Coat, IronPort, DiGi, RSA , Trend Micro, Websense, etc.

Baltic Ticket Holdings AS

Private Equity Round in 2007
Baltic Ticket Holdings AS is a prominent ticket distribution company operating in Estonia, Latvia, Lithuania, and Belarus. Founded in 1997 in Tallinn, Estonia, the company initially launched its services under the trademark Piletilevi by selling tickets to high-profile events, including a Michael Jackson concert. Over the years, Baltic Ticket Holdings expanded its operations, establishing ticketing networks in Latvia in 2000 and Lithuania in 2008, followed by a launch in Belarus in 2010. The company manages a comprehensive ticketing system that includes an online platform and a physical network of 400 sales points, catering to a combined population of approximately 7 million people in the Baltics and Belarus. Its in-house online ticketing system, developed since 2001, supports a wide range of events, handling significant sales volumes for major occasions like concerts and festivals. Baltic Ticket Holdings AS has become a leading ticketing provider in the region, consistently adapting its services to incorporate the latest technological advancements.
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