Buyout (LBO, MBO, MBI) • Internet Software and Services

BaltCap Acquires Ashburn International UAB

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

Acquisition Context

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.

Explore All 674 Buyout (LBO, MBO, MBI) Internet Software and Services Deals - Search the Database Free

M&A Deal Summary
Date	December 1, 2001
Target	Ashburn International UAB
Sector	Internet Software and Services
Buyer(s)	BaltCap
Deal Type	Buyout (LBO, MBO, MBI)

Target Company

Ashburn International UAB

Vilnius, Lithuania

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

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Buyer Overview 1

Buyer

BaltCap

Vilnius, Lithuania

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 Context for Buyer	#
Overall	16 of 98
Sector: Internet Software and Services	1 of 6
Type: Buyout (LBO, MBO, MBI)	16 of 57
Country: Lithuania	10 of 26
Year: 2001	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.	Buy	-

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.

Buy

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.	Buy	-

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.

Buy

Explore Related M&A Activity

Internet Software and Services M&A - Buyout (LBO, MBO, MBI) M&A Deals - Lithuania M&A - 2001 M&A