• 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

    Read more

    Responsibility

  • Partnering with management teams and entrepreneurs

    Case study Quattromed HTI
    Building a leading medical lab chain

    Read more

    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 Business & Financial Services Consumer Education Healthcare Industrial Renewable energy (electricity and heat) TMT
Pihlakodu elderly care chain will operate 4 facilities close to 500 beds with 2 modern facilities in Tallinn and adjacent areas.
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Livinn and Biosala are two leading retail chains of organic and healthy food and non-food products in Lithuania.
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Kool is a network of convenience stores and fuel stations in Latvia, with a new brand and concept which is based on module...
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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.

Viktorija MeikšaneCEO
Coffee Address

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.

Jonas ButautisCEO
Magnetic MRO

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.

Sven PertensCEO
TREV-2

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

Erki MölderCo-investor
Unimed & Qvalitas

News

NordicNinja VC has made a series A investment in Einride, a Swedish company developing an autonomous electric transport system,…
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BaltCap held the first close of BaltCap Private Equity Fund III (BPEF III) at €126 million, being above the initially targeted…
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BaltCap Private Equity Fund II (BPEF II) has entered into an agreement to sell auto24, a leading automotive classifieds portal…
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Venture capital firm NordicNinja VC has invested into Estonian company Bolt, formerly Taxify. Bolt is the leading European…
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Partners