M&A Deal Summary

BaltCap Acquires SIA Runway

On March 14, 2011, private equity firm BaltCap acquired business services company SIA Runway

Acquisition Highlights
  • This is BaltCap’s 5th transaction in the Business Services sector.
  • This is BaltCap’s 12th transaction in Latvia.
Investment Fate
  • SIA Runway was sold to a strategic buyer in 2018.

M&A Deal Summary

Date 2011-03-14
Target SIA Runway
Sector Business Services
Buyer(s) BaltCap
Deal Type Buyout (LBO, MBO, MBI)

Target

SIA Runway

Riga, Latvia
SIA Runway is a BPO service company, providing various outsourcing services that are individually designed for each client's specific needs and requirements. SIA Runway was established in 2003 and is based in Riga, Latvia.

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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 45 of 98
Sector: Business Services M&A 5 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 41 of 57
Country: Latvia M&A 12 of 26
Year: 2011 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 Koolitööde AS

Tallinn, Estonia

eKool (Estonian for eSchool) connects teachers, students and parents via an online student information system delivered as an ASP solution. Generating revenue since 2003, eKool has reached 85%+ student penetration in Estonia and has become a popular and well-known service. eKool.eu has between 350 and 400 thousand unique monthly visitors, ranking among top 10 websites in Estonia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-24 Adam Auto SIA

Riga, Latvia

Adam Auto SIA was founded in 1997 and is among the leading car dealers in Latvia operating three Opel and Chevrolet dealerships in Riga, Ventspils and Liepaja.

Sell -