BALTCAP EXITED THE LEADING BALTIC IT TRAINING FIRM
BaltCap, the leading private equity investor in the Baltic States, has sold its majority position in the largest Baltic IT training firm IT Koolituskeskuse OÜ (“IT Protraining Group”) to AS MicroLink Eesti, an Estonian full service IT firm.
In this transaction MicroLink acquired in total 83% ownership stake in IT Protraining Group (including subsidiaries IT Protraining Latvia, Protraining Academy UAB (Lithuania) and BiTA Service Management OÜ) from Baltic SME Fund advised by BaltCap and from the management of IT Protraining Group. The current management will continue as minority shareholders and active managers.
”It has been a truly challenging and interesting experience for us. We have enjoyed working with the professional and experienced management in building up the number one IT training firm in the Baltic countries Estonia, Latvia and Lithuania and making it a success,” said Mr. Martin Kõdar, Partner of BaltCap.
”BaltCap has provided us the tools, knowledge and financing to build up the strong pan-Baltic operation we have today,” said Mr. Raul Niin, the Chairman of the Management Board of IT Protraining Group. ”We look forward to a fruitful cooperation with MicroLink to continue the fast growth in the Baltic region through further developing the business and expanding the range of services we are offering. Microlink is one of the leading IT companies in the Baltic region and we are happy to have a strong strategic investor on board,” said Niin.
“The role of IT education and training plays an important part when we talk about profit to be gained by introducing information technology in enterprises and in society as well,“ said Mr. Enn Saar, the Chairman of the Management Board of AS MicroLink Eesti: “Acquiring IT Protraining Group gives us the opportunity to offer better services to our clients and partners as well as to grow in all three Baltic countries.“
IT Protraining Group is the largest and fastest growing information and communication technologies training and consultancy services provider in the Baltic States. Today IT Protraining Group companies include IT Koolituskeskuse OÜ in Estonia, ProTraining Academy UAB in Lithuania, IT Protraining Latvia SIA in Latvia and BiTA Service Management OÜ a leading IT Service Management (ITIL) training and consultancy provider in Estonia.
MicroLink is the largest Estonian IT company whose business interests include: system integration and infrastructure solutions, software development, ERP and business solutions, IT consulting and training, datacentre solutions and end-user PC services and support. AS MicroLink Eesti is a 100% owned direct subsidiary of AS Eesti Telekom.
For additional information please contact:
Mr. Martin Kõdar
Partner
BaltCap
Tel. +372 665 0280
Mr. Raul Niin
CEO
IT Koolituskeskuse OÜ
Tel. +372 677 4772
Mr. Enn Saar
CEO
MicroLink
Tel. +372 650 1700