BaltCap exits Latvian cosmetics company Stenders SIA
BaltCap, the largest private equity and venture capital investor in the Baltics, exited Latvian bath cosmetics company Stenders SIA. The company was acquired by Chinese institutional investor CICC Ehealthcare Investment Fund.
Stenders develops, manufactures and distributes bath cosmetics products. Stenders has its own stores in Latvia and several franchise partners across Europe and in China.
BaltCap invested in the company in 2013. During the holding period, Stenders expanded their product line considerably to improve customer loyalty. The company has laid a good foundation for further international expansion of the brand.
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