• Building business champions

    Case study Magnetic MRO
    Local corporate orphan turned into a global player

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    Our story

  • Supporting the growth of Baltic businesses and economies

    Case study Quattromed HTI
    Building a leading medical lab chain

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    Why BaltCap

  • Entrepreneurial mindset coupled with best governance standards

    Case study Magnetic MRO
    Local corporate orphan turned into a global player

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    Responsibility

  • Partnering with management teams and entrepreneurs

    Case study Quattromed HTI
    Building a leading medical lab chain

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    Meet the team
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Strategy

Buyout

BaltCap Private Equity Funds (“BPEF”) make buyout investments in mid-sized unlisted companies. The companies are primarily based in the Baltic countries and often have a goal for geographic expansion. The investment focus is set on innovative companies and buy-and-build opportunities. We reflect on lessons learned and make an effort to drive new and better solutions and to continuously improve as we partner with management teams.

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Growth

BaltCap Growth Fund (“BGF”) invests in fast growing companies with proven and profitable business model. BGF invests in growth of the portfolio companies by increasing their production capacity, entering new markets or acquiring a competitor. We can also buy out shareholders looking for liquidity or finance management buyouts. We typically invest between €1 – 4 million of equity per portfolio company acquiring majority or influential minority stake.

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Infrastructure

BaltCap Infrastructure Fund’s (“BInF”) primary focus is providing development capital for transport, energy and energy efficiency infrastructure projects in the Baltics. Infrastructure development is one of the key priority areas for the region to improve its competitiveness and independence. BInF aims to invest at least 40% towards resource efficiency, climate change mitigation and adaptation projects. The fund invests between €3 – 15 million per project and has a duration of 20 years.

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Venture

JB Nordic Ventures, also known as the “NordicNinja”, is a joint venture established in 2019 by BaltCap and JBIC IG Partners. The fund supports entrepreneurs’ scale-up goals in the New Nordics. We are open-minded and we love tech, especially robotics, automation, health tech, AI and mobility. We also love to co-invest with the local investors, but, if needed, are happy to lead as well. With NordicNinja your entrance to Japan has never been simpler.

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Portfolio

All Audio Business & Financial Services Consumer Cybersecurity Digital Infrastructure Education Healthcare Industrial Logistics Mixed Reality Mobility Renewable energy (electricity and heat) TMT Transportation
Baltic Ticket Holdings (BTH) is the largest ticketing services provider in Estonia, Latvia, Lithuania and Belarus
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Tradehouse is the leading beauty products wholesale and retail company in Estonia
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Verkter Group operates online shops selling wide assortment of tools, accessories, machinery, and aftermarket parts in Europe.
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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

Published annually and selected by a judging panel of industry experts, the Real Deals Future 40 list highlights the top…
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BaltCap Latvia Venture Capital Fund sells EKJU SIA, one of the leading European wood garden decoration and furniture producers,…
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BaltCap Private Equity Fund II (BPEF II) sells the Estonian private healthcare companies - occupational healthcare provider…
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BaltCap Private Equity Fund III (BPEF III) acquires majority in Baltic Ticket Holdings OÜ to further back the growth of…
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Partners