Building business champions

BaltCap focuses on building businesses that increase the quality of life in our societies. We are the largest private equity fund manager in the Baltic states.

BaltCap is the largest and most experienced private equity investor in the Baltic states

25+ years

track record

4

investment strategies

35+

investment professionals

100+

platform investments

700m

capital raised to date

60+

exits

Buy&Build strategy

3x

revenue growth

4x

EBITDA growth

Strategy

Buyout

Our buyout fund invests in local market leaders with a buy-and-build objective to create internationally recognised business champions.

Growth

Our growth fund invests in fast growing companies with proven and profitable business models.

Infrastructure

We target investments contributing to mitigating climate risks. Our primary focus is providing development capital for transport, energy and education infrastructure projects in the Baltics and Poland.

Venture

NordicNinja – a joint-venture between BaltCap and Japanese partners focusing on deeptech venture investments in the New Nordics.

Baltic Ticket Holdings (BTH) is the largest ticketing services provider in Estonia, Latvia, Lithuania and Belarus
Tradehouse is the leading beauty products wholesale and retail company in Estonia
Verkter Group operates online shops selling wide assortment of tools, accessories, machinery, and aftermarket parts in Europe.
Ridango is a solution provider for public transport, with a focus on automated fare collection (AFC) and real-time passenger information (RTPI) systems
Realeyes is a leader in computer vision and emotion AI that empowers companies to create remarkable customer experiences.
Varjo is creating the world’s most advanced VR/XR hardware and software for industrial use, merging the real and virtual worlds seamlessly together in human-eye resolution.

BaltCap has an open-minded approach combined with a deep knowledge of what practical actions look like. They are experts in the Baltic market with a clear vision and strong ethics.

By teaming up with BaltCap on Magnetic MRO project we gained like-minded business partners who think big, execute creatively, and have zero compromises on business ethics.

BaltCap is well informed about the business and always acts fast and professionally. Communication with BaltCap team is fun both during and outside office hours.

I have been cooperating with BaltCap for over ten years managing three portfolio companies together. They have undeniably one of the best and result-oriented teams in the region

News

Q&U2
BaltCap has strengthened its growing team with two new professionals – Investment Associate Kristjan-Mart Piirsalu…
Q&U2
BaltCap Private Equity Fund III (“BPEF III”) held the final close at hard cap, raising €177 million (incl. co-investment…
Oliver Kullman
Published annually and selected by a judging panel of industry experts, the Real Deals Future 40 list highlights the top…
BaltCap Latvia Venture Capital Fund sells EKJU SIA, one of the leading European wood garden decoration and furniture producers,…
Q&U2
BaltCap Private Equity Fund II (BPEF II) sells the Estonian private healthcare companies - occupational healthcare provider…
Q&U2
BaltCap Private Equity Fund III (BPEF III) acquires majority in Baltic Ticket Holdings OÜ to further back the growth of…

Partners