M&A Deal Summary

Renta Acquires Uprent

On June 1, 2022, Renta acquired business services company Uprent from BaltCap

Acquisition Highlights
  • This is Renta’s 2nd transaction in the Business Services sector.
  • This is Renta’s 1st transaction in Latvia.

M&A Deal Summary
Date 2022-06-01
Target Uprent
Sector Business Services
Buyer(s) Renta
Sellers(s) BaltCap
Deal Type Add-on Acquisition

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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Buyer(S) 1

Buyer

Renta

Vantaa, Finland
Category Company
Founded 2015
Sector Business Services
Employees2,000
DESCRIPTION

Renta is a construction machinery and equipment leasing company. The leasable offering covers a wide selection of construction site machinery and equipment and related services. Renta was founded in 2015 and is based in Vantaa, Finland.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Latvia) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 Stål & Hyr AB

Varberg, Sweden

Stål & Hyr AB is a rental provider of machinery and other equipment mainly to the construction industry. The Company offers a broad assortment of products and services, e.g. tools, small and medium sized construction equipment, lifts, electricity and energy equipment, scaffolding and weather protection, and construction site huts. Including Stål & Hyr’s and its sister company Dennis Maskinuthyrning’s depots, the Group provides its broad offering through a total of thirteen depots along the Swedish west coast and in northwestern Skåne.

Buy -

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 38 of 42
Sector (Business Services) 5 of 5
Type (Add-on Acquisition) 17 of 19
Country (Latvia) 10 of 14
Year (2022) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 INTRAC

Stockholm, Sweden

INTRAC is an exclusive importer of heavy machines. INTRAC represents among other brands John Deere forest equipment, case and doosan earthmoving machinery, massey ferguson tractors and combines, manitou telehandlers and bomag road-building equipment. INTRAC was founded in 1970 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 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.

Sell -
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