Investment Summary

BaltCap Invests In AGroup

On July 11, 2011, private equity firm BaltCap invested in software company AGroup

Investment Highlights
  • This is BaltCap’s 1st transaction in the Software sector.
  • This is BaltCap’s 14th transaction in Latvia.

Investment Summary
Date 2011-07-11
Target AGroup
Sector Software
Investor(s) BaltCap
Deal Type Venture

Target

AGroup

Riga, Latvia
website
AGroup is a developer of human resource management solution HRB with more than 500 installations in 24 countries. HRB is a flexible and easy localizable product that integrates smoothly with all leading ERPs as Oracle, SAP, Sun Systems, Microsoft Dynamics NAV, etc. Currently, HRB offers core HR functionality (payroll calculation, work time recording, etc) while the new version of the software will add new strategic functions such as talent management, recruiting management, and personnel evaluation. AGroup was founded in 2008 and is based in Riga, Latvia.

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Investor(S) 1

Investor

BaltCap

Vilnius, Lithuania

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BaltCap is a private equity and venture capital group focused on investing in the Baltic States of Latvia, Estonia, and Lithuania. The Firm looks to fund buyouts, buy-ins, and growth capital needs. BaltCap is a generalist investor and will consider opportunities in a wide range of sectors. The Firm will consider both the majority and minority positions. BaltCap was formed in 1995 and has offices in Tallinn, Riga, Vilnius, Helsinki, Stockholm, and Warsaw.

DEAL STATS #
Overall 47 of 98
Sector (Software) 1 of 5
Type (Venture) 1 of 13
Country (Latvia) 14 of 26
Year (2011) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-28 EUROLCDS

Ventspils, Latvia

EUROLCDS is a developer of unique functionality bi-stable and fast shutter liquid crystal display and smart glass technologies and products for EU and global industrial, transportation, medical and defense markets in sectors of emerging 3D imaging and smart glass applications. EUROLCDS was founded in 2011 and is based in Ventspils, Latvia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-19 Impuls

Vilnius, Lithuania

Impuls is an operator of health and fitness club chain With 8 gyms in Lithuania’s main towns, Impuls LTU will be the largest health club chain in the country. Impuls operates only large format clubs the size of which ranges from 2000 sq. meters to 6600 sq. meters. Impuls clubs offer their clients main workout and cardio areas, group exercise classes, and pools as well as additional products and services. Impuls was founded in 2004 and is based in Vilnius, Lithuania.

Buy -
Mergr

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