Baltcap

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This article was considered for deletion at Wikipedia on February 14 2020. This is a backup of Wikipedia:Baltcap. All of its AfDs can be found at Wikipedia:Special:PrefixIndex/Wikipedia:Articles_for_deletion/Baltcap, the first at Wikipedia:Wikipedia:Articles_for_deletion/Baltcap. Purge

company

BaltCap is a generalist, private equity and venture capital investor in the Baltic states of Estonia, Latvia and Lithuania focusing investment on the growth and realization of small and medium enterprises (SMEs).[1][2]Template:Rp BaltCap invests in Baltic companies with the potential to grow in the region and beyond out of its offices in the capitals of Tallinn, Riga and Vilnius. As of 2014, BaltCap was noted as the "largest private and risk capital fund in the Baltic States."[3] It is a member of Invest Europe and the Estonian, Latvian and Lithuanian Venture Capital Associations; and as of 2015, it was one of three Estonian firms that were signatories to the UN Principles for Responsible Investment (PRI).[4]Template:Rp

CEO is Simonas Gustainis.

Investment process

BaltCap seeks to invest in small and medium-size enterprises in the Baltic region across a variety of sectors. Current portfolio companies are in sectors including construction, retail, services, and IT.

Funds

Over 12 years BaltCap has raised several funds: Baltic Investment Fund I and II are fully exited; Baltic Investment Fund III and Baltic SME Fund are fully invested; BaltCap Private Equity Fund is actively investing.

In 2010, BaltCap launched BaltCap Latvia Venture Capital Fund and Lithuania SME Fund,[3] which are established under the JEREMIE initiative managed by the European Investment Fund. The fund infused notable amount of capital, namely Template:€, in Trev-2, a Latvian infrastructure constructor company in 2010.[5][6] Other investments include €1,5m invested into Latvia's largest payroll group, AGroup; Template:€ into Clusterpoint database management; and an investment in the biotechnology firm Quattromed.[2]Template:Rp

Since 2017 "BaltCap Infrastructure Fund" (BInF) has reached its hard cap of Template:€. In 2018, the European Bank for Reconstruction and Development (EBRD) commits to invest €20 million into the BInF.

BPEFII and BPEFIII

By 2019, the firm had an investment fund referred to as "Private Equity Fund II", or BPEFII,[7] from which it sold the company Auto24, a classified advertising management firm, to British private equity firm Apax Partners.[8] Launch of "Private Equity Fund III" or BPEFIII was announced in March 2019, which supported a strategic geographical expansion of BaltCap's holdings into Finland and Sweden.[7] BPEFIII had its first closing in 2019 at a valuation of Template:€.[9] Among investors in BPEFIII was SEB of Sweden through its Baltic-region pension funds investments.[10] Before the end of 2019, a large Lithuanian meat processing concern was acquired by the BPEFIII fund.[9]

Subsidiaries

In October 2017, BaltCap indicated its intent to sell its majority stake in the Estonian aircraft maintenance firm Magnetic MRO.[11] The Chinese company Guangzhou Hangxin Aviation Technology purchased Magnetic, with a closing in March 2018, for Template:€.[11] The sale was consistent with the desire of Magnetic's management to expand operations into the Chinese market.[11]

References

  1. "RASK consults BaltCap, one of the leading VC companies in the Baltics.". RASK. https://www.rask.ee/experience/baltcap-corporate-advice. 
  2. 2.0 2.1 Augé, Pascale; Brès, Antoinette (January 2010). Estonian Biotechnology Programme: Feasibility study for an Estonian biotechnology programme. Tallinn, Estonia: Republic of Estonia. ISBN 978-9985-9875-7-5. https://books.google.com/books?id=ZwGD2lBxL-UC. 
  3. 3.0 3.1 "Financing instruments and channels for the increasing production and consumption of renewable energy: Lithuanian case" (PDF). Renewable and Sustainable Energy Reviews 38: 272. October 2014. https://www.sciencedirect.com/science/article/abs/pii/S1364032114003645. 
  4. Mazullo, Geoffrey. "18. Responsible Investment in Eastern Europe". The Routledge Handbook of Responsible Investment. https://books.google.com/books?id=7OpWCgAAQBAJ&newbks=1&newbks_redir=0&lpg=PT337&dq=BaltCap&pg=PT323#v=onepage&q=BaltCap&f=false. 
  5. Template:Cite press release
  6. Template:Cite press release
  7. 7.0 7.1 "BaltCap launches successor buyout fund focusing on the New Nordics". Global Fund Media. March 10, 2019. https://www.propertyfundsworld.com/2019/10/03/279213/baltcap-launches-successor-buyout-fund-focusing-new-nordics. 
  8. Sowula, Andrzej (August 27, 2019). "BaltCap sells Auto24 to Apax Partners". AIM Group. https://aimgroup.com/2019/08/27/baltcap-sells-auto24-to-apax-partners/. 
  9. 9.0 9.1 "Overview of the deal market in the Baltics and Belarus 2019: Belarus, Estonia, Latvia, Lithuania". London: Law Business Research. February 5, 2020. https://www.lexology.com/library/detail.aspx?g=6a2e798a-565e-4337-8cca-277176c20d83. 
  10. Moss, Gail (October 23, 2019). "Estonia's LHV, SEB invest in new regional private equity fund". IPE International Publishers. https://www.ipe.com/estonias-lhv-seb-invest-in-new-regional-private-equity-fund/10034024.article. 
  11. 11.0 11.1 11.2 "Baltcap selling Magnetic MRO to China's Hangxin for €43 million". ERR. BNS. March 1, 2018. https://news.err.ee/651992/baltcap-selling-magnetic-mro-to-china-s-hangxin-for-43-million. 

Further reading