Global M&A News, Advisor and Investor Profiles

Latvia

The latest news about Mergers & Acquisitions, Private Equity and Venture Capital in Latvia.

BaltCap sells Adam Auto to Hansa Auto

BaltCap

BaltCap exited its portfolio company Adam Auto by selling it to Hansa Auto, Latvian subsidiary of leading Baltic car dealer Amserv Group. Hansa Auto has acquired 100% of Adam Auto SIA’s shares from Baltic Investment Fund III, advised by BaltCap, and minority shareholders.

BaltCap acquires shareholding in Runway

BaltCap

BaltCap, the leading private equity and venture capital investor in the Baltic States, has acquired a shareholding in SIA Runway, one of the leading business process outsourcing service providers in the Baltic States. BaltCap Private Equity Fund advised by BaltCap has acquired 40.82% of Runway’s shares from the company’s largest shareholder, Norwegian firm Dasha AS.

East Capital Increases Grindex Holdings to 10.18%

Baltic pharmaceutical company JSC Grindeks (Grindex) has announced the receipt of a notification from Stockholm-based East Capital indicating that the private equity investor has increased its shares in the company. Prior to the transaction East Capital owned slightly more than 955,000 shares. After the transaction that number was raised to more than 975,000 shares. The increase gives East Capital a 10.18% voting share of Grindex.

BaltCap Gains Majority Share of Oobelisk Start-Up

BaltCap has announced a deal that gives the PE and VC investor a majority stake in Oobelisk, a corporate media startup in the Baltic region. The deal was completed within the framework of the EU's JEREMIE initiative, which provides EU member states with financing for equity investments and loans targeted at small and medium-sized enterprises.

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