Investment Summary

BaltCap Invests In Forest Energy

On November 1, 2017, private equity firm BaltCap invested in renewable energy company Forest Energy

Investment Highlights
  • This is BaltCap’s 2nd transaction in the Renewable Energy sector.
  • This is BaltCap’s 22nd transaction in Lithuania.

Investment Summary
Date 2017-11-01
Target Forest Energy
Sector Renewable Energy
Investor(s) BaltCap
Deal Type Growth Capital

Target

Forest Energy

Vilnius, Lithuania
Forest Energy developed a 48MW heat-only boiler producing heat to the Vilnius district heating system. Heat is produced only from biomass and significantly contributes to climate change mitigation by replacing fossil fuel use for heating and hot water and reducing GHG emissions. Forest Energy is based in Vilnius, Lithuania.

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Investor(S) 1

Investor

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 78 of 98
Sector (Renewable Energy) 2 of 3
Type (Growth Capital) 18 of 21
Country (Lithuania) 22 of 26
Year (2017) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 Sanoma Baltics AS

Tallinn, Estonia

Sanoma Baltics AS operates the auto24 classified portal in Estonia with a strong position in car, motorbike, boat and heavy equipment advertising. It also operates the Kuldne Börs generalist classifieds site in a variety of categories, such as construction materials, agricultural equipment, pets and household goods to name a few.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Anaerobic Holding

Iecava, Latvia

Anaerobic Holding owns a portfolio of biogas plants in Latvia with a total combined installed capacity of 4.9MW. Biogas plants are producing electricity and heat from renewable sources of energy and significantly contribute to reduced GHG emissions as well as environment-friendly use of organic waste. Anaerobic Holding is based in Iecava, Latvia.

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Mergr

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