Business plan including description of the business, industry, market and plans for future growth presented to BaltCap, first screening
Each investment typically goes through the following stages:
Talks with the management and/or shareholders of the company; review of the business plan/investment memorandum; evaluating the project against the Funds' investment criteria and competing projects
Legal, financial and environmental review of the company
Letter or Intent
Signing of letter of intent including the outline and main conditions of the deal and shareholders' agreement
Deciding upon final terms; signing of agreements
Intensive initial period of systems / supply chain review and improvement; implementation of best practice
Active involvement in the company's welfare, involvement in strategic decisions, intensive communication with the company; Project monitoring/management support/assistance
Engagement with intermediaries and potential acquirers; initial assessment of acquirer suitability; etc
BaltCap will sell its stake in the company. Among possible exit routes are sale to strategic buyer, financial investor or IPO
BaltCap together with minority shareholders sells 100% of the shares in Magnetic MRO to Guangzhou Hangxin Aviation Technology (“Hangxin”) for €43 million (equity value). Magnetic MRO is a full-service aircraft maintenance company headquartered in Tallinn.
BaltCap Infrastructure Fund (BInF) has aquired 75% of Anaerobic Holding shares for €9.45 million. Anaerobic Holding owns and operates three biogas plants in Latvia with a total installed capacity of 4.9MW.
Estonian Private Equity & Venture Capital Association (ESTVCA) has elected BaltCap partner Kristjan Kalda as a new Chairman. The new Management Board was elected for the next 2 years.
ESTONIA Tartu mnt. 2 / Tallinn 10145
Phone: +372 665 0280 / Fax: +372 665 0281
LATVIA Jaunmoku 34 / Riga LV-1046
Phone: +371 6721 4225 / Fax: +371 6735 6395
LITHUANIA J.Jasinskio 16b / Vilnius LT-03163
Phone: +370 5 254 6713 / Fax: +370 5 254 6978