Investment Summary

BaltCap Invests In Uprent

On January 1, 2016, private equity firm BaltCap invested in business services company Uprent

Investment Highlights
  • This is BaltCap’s 8th transaction in the Business Services sector.
  • This is BaltCap’s 23rd transaction in Latvia.
Investment Fate
  • Uprent was sold to a strategic buyer in 2022.

Investment Summary

Date 2016-01-01
Target Uprent
Sector Business Services
Investor(s) BaltCap
Deal Type Growth Capital

Target

Uprent

Riga, Latvia
Uprent is the major pump and pumping system rental provider in Northern Europe with the main branch network in Baltics and Poland. Uprent key products are pumps and pumping systems, which are complemented with trench shoring systems and power generators. Uprent was founded in 2013 and is based in Riga, Latvia.

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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 73 of 98
Sector: Business Services M&A 8 of 10
Type: Growth Capital M&A Deals 17 of 21
Country: Latvia M&A 23 of 26
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Tuuleenergia OÜ

Eesti, Latvia

Tuuleenergia OÜ is a 3MW windmill set the production record last year, producing 12.2 GWh of electricity, which can cover the annual energy demand of more than 5000 average household customers. The wind turbine's efficiency was 46.2 percent, according to the owner of the wind turbine, meaning that landlords of this type could do without subsidies in the future

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-30 Qvalitas Arstikeskus

Tallinn, Estonia

Qvalitas Arstikeskus is the largest occupational health care provider in Estonia and one of the major general and specialist primary care providers. Qvalitas Arstikeskus has 8 clinics throughout the country and also 3 mobile medical units. Qvalitas Arstikeskus was founded in 1996 and is based in Tallinn, Estonia.

Buy -