Newsletter
November 2021

 
Dear readers,
We are glad to start our third newsletter by welcoming the new Partners at BaltCap – Sarunas Alekna and Eneken Napa! Promoting Partners from within the team is a special occasion. Team succession, the strong commitment of team members to our values and the growth of the business is a sign of unity. We are extremely proud of our new Partners and our whole team of 38 investment professionals across the six European capitals. 

We are also proud that November 2021 marks the signing of the largest BaltCap deal ever. The perseverance of Sarunas Stepukonis and Simonas Gustainis in paving the way to this complex PPP project that will revitalize the Lithuanian National stadium has been truly remarkable. 

The bigger and smaller milestones covered in the current newsletter stem from long-term dedication and hard work. We recognise our investors and partners for trusting us when building up the BaltCap we know today – the business we love!

Dagnis Dreimanis
Managing Partner



 
Baltcap News
New partners announced
BaltCap extended the circle of Partners by promoting long-term team members Sarunas Alekna and Eneken Napa to Partner. 
 Read more

We had a chat with Šarūnas and Eneken about their professional journey and views on the developments of PE in the coming years.


 Read the interview with Šarūnas
 Read the interview with Eneken
 
Deal and Portfolio News
 
BaltCap Infrastructure Fund signed the largest PPP agreement in the Baltics to build National Stadium in Lithuania
A 25-year concession agreement for creating 85 000 m² multifunctional sports complex in Vilnius was signed by BaltCap, Lithuanian Ministry of Education, Science and Sports, and Vilnius City Municipality. 
 Read more


 
NordicNinja VC invests in ClimateView
ClimateView is a Swedish company helping cities reduce their carbon footprint in accordance with global climate targets. It has developed a dynamic planning and visualisation tool to identify the most cost-effective route to decarbonise cities economies.

 Read more


 
BaltCap backed LIVIN expands and strengthens its sales network
Baltic health retail players Biotēka, Livinn and Biosala united under the LIVIN brand to develop the largest health retail chain following the investment of BaltCap Growth Fund.
 Read more


 
Sven Nuutmann on acquiring Tiketa
BaltCap backed Piletilevi Group completed the acquisition of Lithuanian ticketing services provider Tiketa. We had a chat with the Group’s CEO Sven Nuutmann about the add-on investment and growth plans of the group. 
 Read the interview


 
Ridango and Skånetrafiken bring express payment to Scandinavia
Bus passengers in the region of Skåne in southern Sweden can now pay for their trip without using a physical ticket, cash or card. Together with Ridango and Telia, Skånetrafiken launches Express Mode for Apple Pay. 
 Read more

 
Einride from our NordicNinja portfolio listed among the top 100 inventions of 2021 by TIME
Einride designed a new type of freight vehicle: an all-electric, totally autonomous truck that can carry up to 35,000 lb. of goods and reduces carbon emissions by more than 90% compared to a conventional rig. 
 Read more

 
Workland brings office booking closer to the customers 
Workland, the largest network of coworking spaces in the Baltics, introduced an App Store and Google Play app to allow customers simple and fast booking and purchase of the meeting rooms.

 
Ingrida Damulienė is the new CEO of Impuls/Lemon Gym
Previously, Ingrida was the Chairman of the Board at Eurovaistines, the leading pharmacy retail chain in Lithuania. She will lead the strategic expansion of Impuls/Lemon Gym chain of 28 clubs across the Baltics.
 Read more in Lithuanian

 
Events
 

Oliver Kullmann at Private Equity International Forum 2021
Oliver will participate Operating Partners Forum strategy panel: How to successfully implement a buy-and-build. Oliver will share his experience on sourcing and leading investments based on numerous successful deals from different sectors.


 

EstVCA elected new Management Board

The fresh board of EstVCA was appointed in October and comprises 11 members, including our Kristjan Kalda, Partner at BaltCap and Marek Kiisa, the Managing Partner at NordicNinja VC.
  Read more

PwC Estonia, LHV and BaltCap hosted seminar on "ESG as a game changer"
The joint seminar’s aim was to discuss the main challenges and opportunities that companies face in the world of ESG. Our Managing Partner Martin Kõdar shared experience from a private equity perspective
. – Read more

 
Marius Miškinis, Investment Director at BaltCap at Verslo žinios retail conference
As the Member of the Board in LIVIN healthy products and Verkter, Marius highlighted the essence of the value creation journey in retail: map the business models' value creation items and align them with industry megatrends.

– Read more

Simonas Gustainis, BaltCap Managing Partner on ESG at LŪŽIO TAŠKAS/ TIPPING POINT 2021
Simonas presented his view on building a sustainable business. He compared it to building a Lego – all relevant ESG pieces need to be in place to make a well-functioning and resistant construction. This year's conference focused on sustainable businesses and the success stories of Lithuanians around the world. 
 – Watch the presentation in Lithuanian

Maciej Kopański, Investment Director at BaltCap introduced BaltCap's PPP investments at Forum Liderów PPP

Maciej shared experiences on modernizing and expanding the street lighting in the municipalities of Miedžno and Kobylnica at the high-level forum for public-private partnership discussions. 
 Read more
BaltCap Tallinn Office has moved
As of November, BaltCap Tallinn Office is relocated – the new address is Maakri 30, Tallinn 10145, Estonia. Our brand new green office is on the 24th floor of the Skyon building located in the very heart of Tallinn’s business center. 
BaltCap in Numbers
 

25+ years
track record

4
investment strategies

100+
platform investments

35+
investment professionals

6 countries
with branch offices

€700m
capital raised to date

60+
exits



 

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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