M&A Deal Summary

LitCapital Asset Management UAB Acquires Audimas

On August 2, 2018, growth capital firm LitCapital Asset Management UAB acquired apparel/textiles company Audimas

Acquisition Highlights
  • This is LitCapital Asset Management UAB’s 1st transaction in the Apparel/Textiles sector.
  • This is LitCapital Asset Management UAB’s 6th transaction in Lithuania.

M&A Deal Summary

Date 2018-08-02
Target Audimas
Sector Apparel/Textiles
Buyer(s) LitCapital Asset Management UAB
Deal Type Buyout (LBO, MBO, MBI)

Target

Audimas

Kaunas, Lithuania
website
Audimas is a designer and manufacturer of active leisure and sports clothing. Audimas AB was founded in 1931 and is based in Kaunas, Lithuania.

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Buyer(S) 1

DESCRIPTION

LitCapital Asset Management is a growth capital and venture investor focused on opportunities in Lithuania. The Firm looks to commit €1 to €3 million per transaction to support and accelerate growth for small to mid-sized companies in a variety of sectors. LitCapital Asset Management was formed in 2010 and is headquartered in Vilnius.


DEAL STATS #
Overall 6 of 11
Sector (Apparel/Textiles) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (Lithuania) 6 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-25 Medicinos

Vilnius, Lithuania

Medicinos is a holding that brought together private medical service companies with the strong market positions in vaccination, laboratory diagnostics, radiology examination, and primary and secondary level doctor consultation service segments. Medicinos is based in Vilnius, Lithuania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Baltic Bicycle Trade UAB

Šiauliai, Lithuania

Baltic Bicycle Trade UAB is a developer, manufacturer, and seller of electric bicycles with own brand. Baltic Bicycle Trade was formed in 2002 and is based in Šiauliai, Lithuania.

Sell -