M&A Deal Summary

BaltCap Acquires Fitek AS

On November 11, 2015, private equity firm BaltCap acquired information technology company Fitek AS from OpusCapita

Acquisition Highlights
  • This is BaltCap’s 6th transaction in the Information Technology sector.
  • This is BaltCap’s 20th transaction in Estonia.

M&A Deal Summary

Date 2015-11-11
Target Fitek AS
Sector Information Technology
Buyer(s) BaltCap
Sellers(s) OpusCapita
Deal Type Divestiture

Target

Fitek AS

Tallinn, Estonia
Fitek AS is a provider of financial automation processes. Fitek lowers the costs of customers by optimizing and accelerating their financial processes. The company operates in Estonia, Latvia, Lithuania and Slovakia. Fitek employs a total of 140 people.

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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 69 of 98
Sector: Information Technology M&A 6 of 8
Type: Divestiture M&A Deals 1 of 4
Country: Estonia M&A 20 of 33
Year: 2015 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Unimed Grupp

Tallinn, Estonia

Unimed Grupp is the largest dental care provider with a widespread network of modern clinics. The group stands out in the market with its focus on specialized dental care services including orthodontics, regular dental care, dental surgery, and dental laboratory. Unimed Grupp strives to provide the best customer experience in oral health care. Unimed Grupp is based in Tallinn, Estonia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-27 Dental Invest Estonia Ou

Harju County, Estonia

Dental Invest Estonia group of companies aim to offer patients a complete treatment approach including dental care, sleep medicine and myofunctional treatment.

Buy -

Seller(S) 1

SELLER

OpusCapita

Helsinki, Finland

Category Company
Founded 1984
Sector Information Technology
Employees2,000
Revenue 240M EUR (2016)
DESCRIPTION

OpusCapita helps organizations sell, buy and pay more effectively by providing them with extended purchase-to-pay and order-to-cash solutions. With 600 million transactions processed annually by over 8,000 customers across more than 100 countries, company have created a global ecosystem where buyers, suppliers, banks and other parties connect, transact and grow. Together with our customers, OpusCapita is transforming sales, procurement and financial processes for the digital age. OpusCapita was founded in 1984 and is headquartered in Helsinki, Finland.


DEAL STATS #
Overall 1 of 2
Sector: Information Technology M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Estonia M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Kredithanterarna i Stockholm AB

Solna, Sweden

Kredithanterarna i Stockholm AB is a provider of cash management, billing, and invoice outsourced services. The company is headquartered in Solna, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-26 jCatalog Software AG

Dortmund, Germany

jCatalog Software AG is a provider of software solutions for procurement and the product information management and distribution. jCatalog Software AG is headquartered in Dortmund, Germany and has operations in Europe and in the USA with some 130 professionals. The company serves over 250 customers including large global companies such as Liebherr, Rossmann, IBM, Audi, Schindler and Maersk.

Buy -