M&A Deal Summary

Lietuvos Energija UAB Acquires Tuuleenergia OÜ

On January 1, 2016, Lietuvos Energija UAB acquired energy services and equipment company Tuuleenergia OÜ from BaltCap

Acquisition Highlights
  • This is Lietuvos Energija UAB’s 1st transaction in the Energy Services and Equipment sector.
  • This is Lietuvos Energija UAB’s 1st transaction in Latvia.

M&A Deal Summary

Date 2016-01-01
Target Tuuleenergia OÜ
Sector Energy Services and Equipment
Buyer(s) Lietuvos Energija UAB
Sellers(s) BaltCap
Deal Type Add-on Acquisition

Target

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

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Buyer(S) 1

Buyer

Lietuvos Energija UAB

Vilnius, Lithuania

Category Company
Founded 2008
Sector Energy Services and Equipment
Employees4,500
DESCRIPTION

Lietuvos Energija group is a state-controlled company group which is one of the largest in the Baltic States. The main activities of the Group include power and heat distribution and supply, natural gas trade and distribution as well as construction and maintenance of power plants and grid. Lietuvos Energija group controls and operates key Lithuanian power plants ensuring the security of energy supply, nation-wide distribution network, and services more than 1.6 million consumers across Lithuania, offers services of electricity supply to customers abroad as well as operates 8.5 thousand kilometres of distributor gas pipelines, supplies gas to more than 570 thousand customers, implements development projects of strategic significance and pursues the objectives of the National Energy Strategy.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Latvia M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

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 21 of 42
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 19
Country: Latvia M&A 5 of 14
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Eesti

Tallinn, Estonia

Eesti Keskkonnateenused AS is a waste management and municipal services company group in Estonia. EKT’s main activity is the collection of municipal waste (MSW). EKT collects secondary raw materials, construction waste, and other types of waste. In certain municipalities, EKT also provides street maintenance services in winter. Eesti is based in Tallinn, Estonia.

Buy -
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 -