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M&A Deal Summary

KJK Capital Acquires Baltic Bicycle Trade

On July 1, 2019, asset manager KJK Capital acquired consumer products company Baltic Bicycle Trade from LitCapital Asset Management UAB

Acquisition Highlights
  • This is KJK Capital’s 4th transaction in the Consumer Products sector.
  • This is KJK Capital’s 1st transaction in Lithuania.

M&A Deal Summary
Date 2019-07-01
Target Baltic Bicycle Trade
Sector Consumer Products
Buyer(s) KJK Capital
Sellers(s) LitCapital Asset Management UAB
Deal Type Secondary Buyout

Target

Baltic Bicycle Trade

Siauliai, Lithuania
Baltic Bicycle Trade is a developer, manufacturer, and seller of electric bicycles with own brand. Baltic Bicycle Trade was founded in 2002 and is based in Siauliai, Lithuania.

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Buyer(S) 1

Buyer

KJK Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2010
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KJK Capital is an asset management firm focused on public and private equity investing. KJK Capital was formed in 2010 and is headquartered in Helsinki.

DEAL STATS #
Overall 9 of 11
Sector: Consumer Products M&A 4 of 4
Type: Secondary Buyout M&A Deals 3 of 3
Country: Lithuania M&A 1 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-24 Elan

Begunje na Gorenjskem, Slovenia

Elan is specialized in the production of skis, snowboards, and other sporting goods. Elan was founded in 1945 and is based in Begunje na Gorenjskem, Slovenia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Alwark

Vilnius, Lithuania

Alwark is providing services of sales, rental, and maintenance of material handling, warehouse, seaport, airport equipment, and municipal machinery. The Company operates in all Baltic states – Lithuania, Latvia, and Estonia and maintains over 3.500 industrial equipment units in the region. Alwark is based in Vilnius, Lithuania.

Buy -

Seller(S) 1

SELLER

LitCapital Asset Management UAB

Investor

Category Growth Capital Firm
Founded 2010
PE ASSETS 45M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

LitCapital Asset Management is a growth capital and venture investor focused on opportunities in Lithuania. The Firm looks to commit €1 to €3 million per transaction to support and accelerate growth for small to mid-sized companies in a variety of sectors. LitCapital Asset Management was formed in 2010 and is headquartered in Vilnius.

DEAL STATS #
Overall 1 of 3
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Lithuania M&A 1 of 3
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Audimas

Kaunas, Lithuania

Audimas is a designer and manufacturer of active leisure and sports clothing. Audimas AB was founded in 1931 and is based in Kaunas, Lithuania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Medicinos

Vilnius, Lithuania

Medicinos is a holding that brought together private medical service companies with the strong market positions in vaccination, laboratory diagnostics, radiology examination, and primary and secondary level doctor consultation service segments. Medicinos is based in Vilnius, Lithuania.

Sell -
Mergr

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