BGF Exits LIVIN, Sells Majority Stake to Ogmios Group

BGF has exited its investment in LIVIN, the leading healthy lifestyle retailer in the Baltics, selling a controlling stake to Lithuania’s Ogmios Group. The transaction delivers a strong return to BGF investors, including Swedbank and Luminor pension funds.

Since partnering with BGF in 2019, LIVIN has grown into a 21-store multi-channel retailer with expanding e-commerce and wholesale operations, with revenues nearly quadrupling to over €20 million and EBITDA rising sixfold.

Bernardas Tautkus, CEO of LIVIN, said the company looks forward to continuing its growth with Ogmios, whose CEO Sigitas Stasevičius highlighted synergies with the group’s premium food retail chain, Assorti. Existing management will remain in place.

About BGF

Founded in 2018, BGF is an EUR 40 million growth capital fund investing in fast-growing, profitable Baltic companies with strong market positions and significant expansion potential. Its portfolio includes Gemma and Pihlakodu elderly care networks in Lithuania and Estonia, cybersecurity leader NordVPN, and veterinary clinic chain Dr.Vet, among others. The fund is managed by Kornelijus Čelutka, Marius Miškinis, and Sten Sonts. BGF’s predecessor, LSMEF fund, successfully exited investments in Caffeine, InMedica, Labochema, Yglė, and others.

About Ogmios Group

Ogmios Group is one of Lithuania’s largest commercial real estate developers and owners, managing over 200,000 m² of commercial space valued above EUR 200 million. The group also invests in other sectors, including premium food retail.

For more info, please contact:

Marius Miškinis

Investment Director

E-mail: Marius.Miskinis@baltcap.com