M&A Deal Summary

Olerex Acquires KOOL

On August 1, 2021, Olerex acquired retailer KOOL from BaltCap

Acquisition Highlights
  • This is Olerex’s 1st transaction in the Retail sector.
  • This is Olerex’s 1st transaction in Latvia.

M&A Deal Summary
Date 2021-08-01
Target KOOL
Sector Retail
Buyer(s) Olerex
Sellers(s) BaltCap
Deal Type Add-on Acquisition

Target

KOOL

Riga, Latvia
KOOL is a network of convenience stores and fuel stations, with a new brand and concept which is based on module type stations in busy traffic areas. Kool offers competitive fuel prices in combination with high-quality convenience store shopping experience and carefully selected, locally sourced meal variety. KOOL was founded in 2016 and is based in Riga, Latvia.

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Buyer(S) 1

Buyer

Olerex

Tallinn, Estonia
Category Company
Founded 1994
Sector Retail
DESCRIPTION

Olerex is a provider of fuel services. Olerex includes the modernization of gas stations, with the aim of providing a pleasant service experience for the customer. Olerex was founded in 1994 and is based in Tallinn, Estonia.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Latvia) 1 of 1
Year (2021) 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 35 of 42
Sector (Retail) 5 of 5
Type (Add-on Acquisition) 15 of 19
Country (Latvia) 9 of 14
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Ecoservice

Vilnius, Lithuania

Ecoservice is a waste management company in Lithuania engaged in the collection, transportation, and processing of secondary raw materials and household waste. Ecoservice was foremed in 1995 and is based in Vilnius, Lithuania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 BPT Real Estate

Tallinn, Estonia

BPT Real Estate is a major commercial property management company in the Baltic States and Poland. The team of 80 professionals manages more than 150 properties, whose total area amounts to 1 million square meters, and has more than 1000 tenants. BPT Real Estate is based in Tallinn, Estonia.

Sell -
Mergr

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