BaltCap, the leading private equity investor in the Baltic States, has acquired 100% of the Interinfo group of companies in Estonia, Latvia and Lithuania (“Interinfo”) from Interinfo Holding SCA.
Interinfo is the leading operator of “yellow pages” directories in the Baltics and provide print, internet and directory assistance products. Interinfo has operating companies in Estonia, Latvia and Lithuania with an annual turnover of EUR 15.5 million in 2007.
Simonas Gustainis, Partner of BaltCap, who has led the transaction from BaltCap side said, ”the Interinfo group of companies have a strong position on the Baltic advertising markets, especially for local services. We look forward to working together with the strong management team to continuously improve the products and services of the Group. Interinfo with its highly trained sales team, comprehensive databases and strong brands will be in an excellent position to continue as the leading information provider in the Baltics.”
“We are pleased to close the first investment from BaltCap Private Equity Fund L.P. launched in December 2007,” said Peeter Saks, Managing Partner of BaltCap. “We believe the advertising and information directories sector has great growth potential in the Baltics and look forward to being part of this via our investment in Interinfo.”
“BaltCap is acquiring three market-leading companies, following the acquisition of Eniro’s companies in Estonia and Lithuania in 2005. The strong people, brands and databases under the management of experienced management teams, put Interinfo in an excellent position to benefit from the continued growth of the directional media sector in the Baltics”, said Magnus Sonnorp, Interinfo Group CEO. “We congratulate BaltCap on acquiring these three great companies, and wish them all the best for the future.”
Interinfo Holding SCA is owned by Texas Pacific Group, a leading global private investment firm.
EVLI Securities, formerly known as Suprema Securities, acted as an advisor to the selling shareholders in the transaction.
For additional information please contact:
Tel. +370 6 87 59 333
President and CEO
Interinfo Holding SCA
Tel. +46 734 388388
Head of Corporate Finance
Tel. +370 687 20108