This newsletter finds us on the 64th day of Russia’s war in Ukraine. For more than two months, we have witnessed brutal attacks on a free country and its people in the very heart of Europe.
This reminds us that the building of Europe is far from over. BaltCap’s dedication to build companies that evolve and constantly develop, with the potential to benefit and transform the societies where they operate, needs to continue and with even stronger urgency.
The last decades in the Baltics have proved that it is possible to operate outside the comfort zone, focusing on defense and national security while spurring growth, bold ideas and providing a supportive environment for numerous world-conquering businesses.
Let's keep our sharp view and the desire to grow into the world while integrating into the European political and economic institutional architecture. Hopefully, our latest investment in Lithuania’s second tech unicorn and an outstanding Latvian green energy producer exit are an inspiration.
Разом до перемоги!
Simonas Gustainis
Managing Partner
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BaltCap invests in solar energy generation in Latvia to enhance the energy independence in the Baltics
Together with AJ Power group and AJP Capital, BaltCap's Infrastructure Fund has signed an agreement to develop a 100 MW solar plant portfolio in Latvia. – Read more
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BaltCap invests in Nord Security, a global leader in internet privacy and security solutions
By participating in the $100M financing round, BaltCap supports the company's aim to expand its product suite and enterprise footprint and accelerate the growth of its consumer cybersecurity segment. – Read more
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BaltCap exited Energia Verde to Partners Group
BaltCap Infrastructure Fund sold Energia Verde, a company operating a biomass combined heat and power plant (CHP) in the Riga region, to Gren, the Northern European green energy company. – Read more
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BaltCap enters the pet care market to boost Pan-Baltic growth in the sector
BaltCap Growth Fund, together with I Asset Management, invested in Dr. VET, which operates five veterinary clinics in Vilnius. – Read more
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NordicNinja invests in Starship Technologies
NordicNinja joins Starship Technologies’ investment round of $100m as demand for its autonomous delivery service triples in 2021. – Read more
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BaltCap portfolio company FCR Media becomes the largest digital marketing player in Benelux
By acquiring Youvia from the Netherlands, FCR will strengthen its position as a partner to Benelux SMEs and speed up the roll-out of new solutions that FCR has developed specifically for the SME SaaS market. – Read more
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BaltCap-backed Tradehouse launches an upgraded online shop and a refreshed brand
To strengthen its omnichannel concept and position while entering foreign markets, Tradehouse launched a new e-commerce platform and “Pretty Curious” branding. – Read more
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Simonas Žagūnis joined BaltCap Infrastructure Fund as an Investment Associate
Simonas brings experience from investment group Zabolis Partners, BOD Group and Ernst & Young. With Simonas on board, the BaltCap team comprises 40 investment professionals across six European capitals. – Read more
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Marius Miškinis selected to the board of the Lithuanian Private Equity and Venture Capital Association
The new board will guide the association with its strategic goals from 2022 to 2024. – Read more
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Martin Kõdar's lecture of the Private Equity and Venture Capital syllabus
BaltCap's Managing Partner Martin Kõdar—together with Hendrik Reimand from Livonia Partners—gave a lecture on Buyout and Growth Strategies and Life Cycle. – Read the summary of the lecture
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BaltCap launched the 2022 internship program
The programme aims to raise awareness of the private equity industry and its role in the economy and promote the industry as an employment opportunity for students. – Read more
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Kristjan Kalda's viewpoint: The impact of the war on the Baltic transaction market
BaltCap's Partner Kristjan Kalda spoke on Äripäev Raadio about how the war could affect the transaction market and gave recommendations to entrepreneurs on how to move forward. – Listen to the interview (in Estonian)
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Martin Kõdar's discussion: The implications of Russia's war in Ukraine on the Baltic investment climate
In an interview with Geenius Raadio, BaltCap's Managing Partner talked about how today's changed security situation affects the region's investment climate. He also shared his vision of raising money and investing. – Listen to the interview (in Estonian)
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Juri Pervjakov on the organisational growth of BaltCap
BaltCap's Finance and Technology Director emphasized to the Drawdown that with increasing workloads, BaltCap needs to consider the extended role of the back office as well as streamline processes and automate workflows.
– Read more
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25+ years
track record
4
investment strategies
100+
platform investments
35+
investment professionals
6 countries
with branch offices
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€700m
capital raised to date
60+
exits
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