Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

BaltCap

EIF Joins BaltCap in New €30m Latvian Fund

BaltCap Latvia has announced a new Latvian-focused venture capital fund in concert with the European Investment Fund (EIF), making it the first to complete fundraising under EIF's JEREMIE process. JEREMIE is made available to select financial institutions through the EU Cohesion policy to help streamline and maximize SME investment.

SAS Exits Air Maintenance Via Sale to BaltCap

Air Maintenance Estonia (AME) has been sold by owner Scandinavian Airlines (SAS) to BaltCap for an undisclosed sum. SAS acquired the Estonian company in 2003 but has since decided to shed its maintenance operations in favour of concentrating on core business activities.

Ekspress Grupp To Sell Hotline Group to BaltCap

Estonian media giant Ekspress Grupp has announced an agreement to sell its Ekspress Hotline Group to Cheh OÜ, a holding company belonging to Baltic investment firm BaltCap. The contract calls for a sale in the amount of EUR 6 million (EEK 90 million), but the price will not be finalized until the transaction is completed.

BaltCap Acquires 75% Stake in Quattromed HTI Laborid

BaltCap a Baltic State Private Equity firm has acquired a 75% stake in Estonia's largest, private medical diagnostic company-Quattromed HTI Laborid. Medicap Holdings served as the holding company during the transaction. Individual Estonian investors and a Finnish Biotech company, FIT Biotech, were identified as the sellers; however, neither party would reveal the size of the transaction.

MicroLink Eesti acquires IT Koolituskeskuse

AS MicroLink Eesti has acquired the Baltic IT training and consultant firm IT Koolituskeskuse OÜ from BaltCap.

BaltCap acquires 100% of Interinfo

BaltCap, one of the leading private equity investors in the Baltic States, acquired 100% of the Interinfo group of companies in Estonia, Latvia and Lithuania.

Hanzas Elektronika acquires Elektromekan i Arjäng

Hanzas Elektronika, a BaltCap portfolio company, acquired Sweden’s 5th largest electronic manufacturing services company Elektromekan i Årjäng AB from Westergyllen AB.

BaltCap Private Equity Fund holds first closing at € 58 million

BaltCap, a leading private equity firm in the Baltic States announced a first close of BaltCap Private Equity Fund at € 57 million earlier this month. The targeted Fund size is € 70 million with a maximum set at € 100 million.

Catella invests into BaltCap financed Intrac Group

Catella Private Equity will become a shareholder in Intrac Group AB, the leading heavy machines trade company in the Baltic States, through newly issued shares. Following the issue, Baltic Investment Fund III and Intrac management will each hold slightly more than 35% of the company and Catella Private Equity will hold around 25%.

BaltCap exits Zetcom

Baltcap sold its minority position in the mobile network virtual operator ZetCOM to Latvijas Mobilais Telefons Ltd., the leading telecom operator in Latvia.

BaltCap exits UAB Daily Services

BaltCap sold its minority position in one of the leading Baltic office supplies companies UAB Daily Service to Aigas Holding SIA, a company related to Iceland-based office supplies group Penninn h.f. for an undisclosed amount.