M&A Deal Summary

BaltCap Acquires Ashburn International UAB

On December 1, 2001, private equity firm BaltCap acquired internet software and services company Ashburn International UAB

Acquisition Highlights
  • This is BaltCap’s 1st transaction in the Internet Software and Services sector.
  • This is BaltCap’s 10th transaction in Lithuania.
Investment Fate
  • Ashburn International UAB was sold to a strategic buyer in 2003.

M&A Deal Summary

Date 2001-12-01
Target Ashburn International UAB
Sector Internet Software and Services
Buyer(s) BaltCap
Deal Type Buyout (LBO, MBO, MBI)

Target

Ashburn International UAB

Vilnius, Lithuania
Ashburn International UAB provides electronic funds transafer and payment processing services in Lithuania.

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Buyer(S) 1

Buyer

BaltCap

Vilnius, Lithuania

Investor Investor Investor Investor Investor


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 16 of 98
Sector: Internet Software and Services M&A 1 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 57
Country: Lithuania M&A 10 of 26
Year: 2001 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-01 Ecometal AS

Sillamae, Estonia

Ecometal established in 1999 Estonia to build a modern European Battery Directive relating to reprocessing old lead-acid batteries . These objects of the environment provided for the construction of the National Environmental Action Plan for 2001-2004. The factory was located in Sillamae when the developed infrastructure of industrial area, which can be relatively easy to find metallitöökogemusega labor.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-01 INTRAC

Stockholm, Sweden

INTRAC is an exclusive importer of heavy machines. INTRAC represents among other brands John Deere forest equipment, case and doosan earthmoving machinery, massey ferguson tractors and combines, manitou telehandlers and bomag road-building equipment. INTRAC was founded in 1970 and is based in Stockholm, Sweden.

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