Buyout (LBO, MBO, MBI) • Utilities

BaltCap Acquires VKG Elektrivorgud

On October 23, 2023, private equity firm BaltCap acquired utilities company VKG Elektrivorgud

Acquisition Context
  • This is BaltCap’s 1st transaction in the Utilities sector.
  • This is BaltCap’s 33rd transaction in Estonia.

Explore All 137 Buyout (LBO, MBO, MBI) Utilities Deals - Search the Database Free


M&A Deal Summary

Date October 23, 2023
Target VKG Elektrivorgud
Sector Utilities
Buyer(s) BaltCap
Deal Type Buyout (LBO, MBO, MBI)

Target Company

VKG Elektrivorgud

Narva, Estonia
VKG Elektrivorgud is the second largest regulated distribution network operator in Estonia. Its network operations in northeastern Estonia cover the towns of Narva, Narva-Joesuu, and Sillamäe, as well as surrounding areas with ca 71,000 inhabitants and heavy industry. The grid consists of 946 km of power lines and 374 substations at low, medium and high voltages. VKG Elektrivorgud is based in Narva, Estonia.
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Buyer Overview 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 Context for Buyer #
Overall 98 of 98
Sector: Utilities 1 of 1
Type: Buyout (LBO, MBO, MBI) 57 of 57
Country: Estonia 33 of 33
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Hansab

Tallinn, Estonia

Hansab is a provider of innovative automation and digitalization solutions and services. Hansab develops and provides security, cash handling, point of sales, parcel handling, queuing, parking and other automation solutions and services to its B2B customers in logistics, finance, public, retail and other sectors. Hansab was founded in 1991 and is based in Tallinn, Estonia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Stenders

Riga, Latvia

Stenders is a premium bath and body care company. The company products are made in Latvia using natural ingredients and include bath bombs, foams, and salts; body butter, creams, lotions, oils, scrubs, and yoghurts, as well as hand creams and lotions. Stenders was founded in 2001 and is based in Riga, Latvia.

Sell -