Investment Summary

BaltCap Invests In Vendon

On January 9, 2012, private equity firm BaltCap invested in information technology company Vendon

Investment Highlights
  • This is BaltCap’s 4th transaction in the Information Technology sector.
  • This is BaltCap’s 15th transaction in Latvia.
Investment Fate
  • Vendon was sold to a publicly-traded strategic buyer in 2022.

Investment Summary

Date 2012-01-09
Target Vendon
Sector Information Technology
Investor(s) BaltCap
Deal Type Growth Capital

Target

Vendon

Riga, Latvia
Vendon is a global technology company, providing easy-to-use business intelligence and telemetry solution for the vending and coffee industry. Vendon serves the largest food and beverage brands worldwide and thousands of companies in more than 75 countries helping them to remotely manage their machines, optimize daily business. Vendon was founded in 2009 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 52 of 98
Sector: Information Technology M&A 4 of 8
Type: Growth Capital M&A Deals 7 of 21
Country: Latvia M&A 15 of 26
Year: 2012 M&A 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 InMedica klinika

Vilnius, Lithuania

InMedica klinika is a provider of health care services with network including 13 family medical centers and 3 cardiologic clinics in Lithuania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-09 Clusterpoint

London, United Kingdom

Clusterpoint Ltd is a privately held European enterprise software technology company established in 2006. We design, maintain and support our own originally developed NoSQL database technology that uses holistic indexation to deliver instant Google-like search and SQL-like query capability across Petabytes of mixed data types in one solution. Unlike tabular SQL or BigTable based databases our database software does not loose sub-second search performance when scaled out using stack and rack model of inexpensive networked servers in the cluster (cloud) architecture.

Buy -