BaltCap Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, BaltCap has acquired 5 companies.

BaltCap’s most common sectors for investment arehealthcare services (12%) and business services (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (59%) and growth capital (22%). In total, BaltCap has invested in 1 US state and 9 different countries. Its largest (disclosed) acquisition occurred in 2010 when it acquired Primekss SIA for $2M.

In the last 3 years, BaltCap has exited 12 companies. The Firm’s most common exit type is trade sale (47%). BaltCap’s largest (disclosed) exit occurred in 2018 when it sold Magnetic MRO AS for $48M.

Join Mergr to view BaltCap’s full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity139
    • M&A Buy Activity98
    • M&A Sell Activity41
  • Total Sectors Invested 37
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 21
  • M&A Advisors 8

BaltCap

BaltCap

Tartu mnt. 2,
Tallinn, 10145
Estonia
+372 665 0280
www.baltcap.com
info@baltcap.com

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.


Investment Criteria

Sectors of Interest: Agriculture, Business Services, Consumer Services, Electronics, Environmental, Food, Furniture, Healthcare Services, Information Technology, Internet Software and Services, Machinery, Marketing, Metals/Mining, Real Estate, Renewable Energy, Retail, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Venture

Geographic Preferences: United Kingdom, Eastern Europe, Nordic

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 5 20
Enterprise Value 10 100
values in millions of EUR

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.0/yr) # 88 5 1 2 2 - 98
vol $2M $2M
Sell (2.6/yr) # 28 1 6 5 1 - 41
vol $48M $48M
  139

Most Recent M&A

Company Date Value Type
VKG Elektrivorgud OU 2023-10-23 - Buyout (LBO, MBO, MBI)
Narva, Estonia · www.vkgev.ee
Hansab Group OU 2023-05-01 - Buyout (LBO, MBO, MBI)
Tallinn, Estonia · www.hansab.com
Amateks SIA 2023-01-01 - Unknown
Olaine, Latvia · www.amateks.lv
Blue Bridge Technologies SIA 2022-11-01 - Trade Sale
Riga, Latvia · www.bb-tech.eu
Adoro 2022-11-01 - Buyout (LBO, MBO, MBI)
, Latvia
Rahva Raamat AS 2022-10-01 - Buyout (LBO, MBO, MBI)
Tallinn, Estonia · www.rahvaraamat.ee
Vendon 2022-07-01 - Trade Sale
Riga, Latvia · www.vendon.net
INTRAC Group AB 2022-06-01 - Secondary Sale
Stockholm, Sweden · www.intrac.se
Uprent SIA 2022-06-01 - Trade Sale
Riga, Latvia · www.uprent.eu
BPT Real Estate AS 2022-02-01 - Trade Sale
Tallinn, Estonia · www.bptre.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 2 (8%) - 11 (11%) -
Business Services 2 (8%) - 10 (10%) 2M (100%)
Information Technology 2 (8%) - 8 (8%) -
Retail 2 (8%) - 8 (8%) -
Internet Software and Services 3 (12%) - 6 (6%) -
Food 3 (12%) - 5 (5%) -
Software 1 (4%) - 5 (5%) -
Construction - - 4 (4%) -
Consumer Services 2 (8%) - 3 (3%) -
Environmental - - 3 (3%) -
Renewable Energy 2 (8%) - 3 (3%) -
Beverages - - 2 (2%) -
Consumer Products - - 2 (2%) -
Engineering - - 2 (2%) -
Furniture - - 2 (2%) -
Manufacturing - - 2 (2%) -
Technology Hardware 2 (8%) - 2 (2%) -
Aerospace - - 1 (1%) -
Agriculture 1 (4%) - 1 (1%) -
Apparel/Textiles - - 1 (1%) -
Communications - - 1 (1%) -
Digital Media - - 1 (1%) -
Distribution - - 1 (1%) -
Electrical Equipment - - 1 (1%) -
Electronics 1 (4%) - 1 (1%) -
Energy Services and Equipment - - 1 (1%) -
Life Science - - 1 (1%) -
Machinery - - 1 (1%) -
Marine - - 1 (1%) -
Marketing 1 (4%) - 1 (1%) -
Media - - 1 (1%) -
Metals/Mining - - 1 (1%) -
Oil/Gas Exploration - - 1 (1%) -
Packaging - - 1 (1%) -
Real Estate - - 1 (1%) -
Restaurants - - 1 (1%) -
Utilities 1 (4%) - 1 (1%) -
Total 25 - 98 $2M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Estonia 7 (28%) - 33 (34%) -
Lithuania 7 (28%) - 26 (27%) -
Latvia 4 (16%) - 26 (27%) 2M (100%)
Finland 4 (16%) - 4 (4%) -
United Kingdom 1 (4%) - 4 (4%) -
Sweden 1 (4%) - 2 (2%) -
Poland 1 (4%) - 1 (1%) -
United States - - 1 (1%) -
  California - - 1 (1%) -
Domestic 7 (28%) - 26 (27%) -
Cross-border 18 (72%) - 71 (73%) 2M (100%)
Total 25 - 97 $2M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 9 (36%) - 57 (58%) 2M (100%)
Growth Capital 8 (32%) - 21 (21%) -
Venture 7 (28%) - 13 (13%) -
Divestiture 1 (4%) - 4 (4%) -
Stake Purchase - - 3 (3%) -
Total 25 - 98 $2M

Exits by Deal Type

Type Total # Value
Trade Sale 32 (78%) -
Trade Sale - Public Company 3 (7%) 48M (100%)
Secondary Sale 3 (7%) -
Unknown 3 (7%) -
Total 41 $48M

Top M&A Advisors

Financial Deals
Superia Corporate Finance
 2
Alpha Advisors UAB
 1
Seabury Capital LLC (Seabury Group)
 1
Legal Deals
COBALT Legal
 3
TGS Baltic
 2
SORAINEN
 2

Deal Values

buy # Total
< $100M 1 $2M
TOTAL $2M
Largest Primekss SIA
$2M (2010-10-18)
sell # Total
< $100M 1 $48M
TOTAL $48M
Largest Magnetic MRO AS
$48M (2018-01-03)

M&A Connections

Deals
Acquired from
Strategic(s)
4%
4 (4%)
Exited to
Investor(s)
5%
2 (5%)
Strategic(s)
46%
19 (46%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

400M EUR

Established

1995

Specialist/Generalist

Generalist

Leadership

Kristjan Kalda

Founding Partner

Dagnis Dreimanis

Managing Partner

Martin Kodar

Managing Partner

Peeter Saks

Managing Partner

Simonas Gustainis

Managing Partner

FAQ

When was BaltCap founded?

BaltCap was founded in 1995.

What type of investor is BaltCap?

BaltCap is a private equity firm.

Where is BaltCap headquartered?

BaltCap is headquartered in Tallinn, Estonia.

How much capital does BaltCap have under management?

BaltCap has 400M EUR under management.

 Subscribe to unlock this and 204,613
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 196K M&A Transactions
  • 200K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 78K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal