BaltCap February Newsletter
22 February 2022
Dear partners,
The year 2022 has started well for BaltCap. We have been nominated for the Private Equity House of the Year and Deal of the Year awards in our region by Real Deals´ Private Equity Awards, one of the most prominent accolades in the industry. 

The nominations come in recognition of BaltCap's activity and outstanding results across the New Nordics and Poland. We are honoured that our long-term effort in building local companies into international business champions and the attractiveness of our region are getting increased attention. 

For 2022 we have set ambitious targets for BaltCap to continue growing and delivering excellent results to our investors. Our strong presence in our region, local networks, and extensive experience put us in a prime position to face the private equity industry’s current challenges: 

 Identifying hidden gems in an increasingly competitive market; 
Taking advantage of the opportunities offered by new technologies; 
Becoming more sustainable and reducing the environmental footprint of our portfolio and our own activities; 
Continuing to attract capital to our region and developing the local market further.

We are happy to have you all on board, let's make 2022 a fruitful and successful year! 

Martin Kõdar
Managing Partner

Deal and Portfolio News
BaltCap Infrastructure Fund portfolio saved 119,757 tons of CO2
emissions in 2021
Reducing carbon emissions and eliminating dependence on fossil fuels is part of BInF’s commitment to the climate change mitigation agenda.  
 Read more 
NordicNinja announced a $24m co-investment to Annotell with Metaplanet and the existing investors
Annotell enables safe perception for autonomous cars and advanced driver-assistance systems (ADAS).  Read more
BaltCap-backed Ridango to upgrade the public transport ticketing system in Vilnius
Ridango won public procurement to develop best of class account-based ticketing solution in the Lithuanian capital to modernize public transport and contribute to more sustainable and environmentally friendly public space. 
BaltCap sold one of the largest property management companies in the Baltics, BPT Real Estate, to the leading European property house – Newsec
As a result of the acquisition, Newsec becomes the biggest independent real estate management company in the Baltics.  Read more
BaltCap Infrastructure Fund to finance the construction of a biomass combined heat and power plant in Alytus, Lithuania
The fund is providing a loan of EUR 6 million via its subsidiary Forest Investment. It is planned that the powerplant will start the production of heat and electricity in 2023.  Read more
NordicNinja co-leads investment in avatar engine Ready Player Me
RPM offers users the possibility to create their unique avatar and use it across different platforms and apps across the metaverse. The $13M investment helps the team to scale globally and enable users and developers worldwide to create thriving communities online.  Read more
BaltCap Infrastructure Fund will finance the €6 million development of the British School Vilnius
The private school will be built in the Vilnius City Innovation Industrial Park and is planned to be completed by the end of 2023.   Read more
Ridango acquired LIT Transit, a Slovenian based firm providing IT solutions for public transportation, to jointly become a global challenger in the public transport mobility solutions market
The new group operates in 26 countries and employs over 170 people.  Read more
BaltCap portfolio company Weekend was titled as the best e-shop in Estonia
For the second year in a row, customers elected BaltCap-backed apparel and footwear retailer Weekend as the best e-shop among 186 participants.  Read more (in Estonian) 
Sten Sonts on BaltCap Growth Fund investments in specialized retail chains
In an interview with Äripäev trade portal, Sonts opens up on the relevance of the omnichannel approach and the main market trends. 
 Read the interview (in Estonian) 
Peeter Saks and Indrek Hääl on the BPT exit and Baltic M&A market
BaltCap's managing partner Peeter Saks and BPT's former CEO Indrek Hääl talked about the transaction and commented on the M&A market on Äripäev Raadio's morning programme.  Listen to the interview (in Estonian) 
Baltcap News
BaltCap was nominated for Real Deals' Private Equity Awards
BaltCap has been nominated for two prizes at The Private Equity Awards: Continental Regional House of the Year and Central and Eastern European Deal of the Year at Real Deals' 2022 edition of The Private Equity Awards.
The nominations come in recognition of BaltCap's activity in fundraising, new deals, and exits across the Baltic Sea region. 
 Read more
BaltCap participates in the launch of Private Equity and Venture Capital syllabus with EstVCA and leading Estonian business schools
A specially tailored syllabus will be taught at two universities in Estonia: TalTech and Estonian Business School. The 8-week course provides a detailed overview of the role of PE/VC funds in the development and growth of companies.  Read more
At the opening lecture, BaltCap partner Kristjan Kalda explained that we are currently witnessing the start of a new era for the industry as a whole—the rise of ESG and the impact of investing, influencing every single activity from top to bottom.  Read more
BaltCap joined global sustainability platform Worldfavor to upgrade its sustainability data management and guide portfolio companies towards data-driven sustainability plans
The online tool further improves collecting and analysing sustainability data across BaltCap portfolio and improves the transparency and communication with our LPs and other key stakeholders.  Read more about Worldfavor
What will the next 20 years of private equity look like?
Šarūnas Alekna, Partner at BaltCap, and industry peers were asked to cast their predictions by Real Deals. Private equity will become more similar to public equity with increasing transparency, regulation, and reporting requirement, Šarūnas analyses. 
Insights from PE fund managers' workshop: what motivates young talent? 
Sten Sonts, BaltCap Investment Director, said that young talent is attracted by the opportunity to make a difference and be part of a good, meaningful business—by contributing to a service or a product with a purpose.  Read more on the views of European Private Equity experts
BaltCap in Numbers
25+ years
track record

investment strategies

platform investments

investment professionals

6 countries
with branch offices
capital raised to date


Contact us

BaltCap offices
Estonia Skyon, Maakri 30, 24th floor / Tallinn 10145 / Phone: +372 665 0280 
Finland Maria 01, Lapinlahdenkatu 16 / Helsinki 00101 / Phone: +358 504913001 
Latvia Jaunmoku 34 / Riga LV-1046 / Phone: +371 6721 4225 Lithuania J. Jasinskio 16b / Vilnius LT-03163 / Phone: +370 5 254 6713 Poland WeWork / Krucza 50 / Warsaw 00-025 
Sweden Epicenter Mäster Samuelsgatan 36 / Stockholm 11157 / Phone: +46 8 459 30 60