International Internet Magazine. Baltic States news & analytics
Wednesday, 07.12.2022, 21:33
BPM Mezzanine Fund SICAV-SIF, SCA (BPM) invested in the buy-out of a well-known Latvian dairy company Smiltenes Piens in August 2019, as former owners of the company were looking forward to retire and Latvian entrepreneur Armands Kovaldiņš saw Smiltenes Piens with its well-known brands and quality leadership as an attractive target to be developed further and expand into export markets as well, informed BMP Mezznine Fund representative.
Keyword tags: Financial Services, Foodstuff, Funds, Good for Business, Industry, Investments, Latvia
Eften Real Estate Fund 4 has acquired in Lithuania SBA logistics and production site, in the proximity of Klaipeda Sea Port; the deal value is 28.6 mlnn euros and it was financed by Luminor, informed funds representative.
olish company IZIM, a portfolio company of BaltCap, the largest private equity fund manager in the Baltic states, will fund a street lighting project in Poland, worth 2.6 million euros, informs LETA/BNS.
Endriko Vorklaev, fund manager at SEB Varahaldus, said that exiting the second pension pillar will mean a loss of approximately 10,000 euros over a period of 10 years for an average salary earner, informs LETA/BNS.
INVL Asset Management, one of the largest asset management companies in the Baltic states, has established the INVL Sustainable Forest and Agricultural Land Fund II (SFALF II).
In the first financing round, institutional and professional investors contributed 33 million euros to the new EfTEN Residential Fund that will invest in rental apartment buildings in the Baltics, first of all in Latvia and Lithuania.
Reserve capital of Financial Development Institution Altum in Latvia will be increased by EUR 20 million, the institution said in a statement to the Nasdaq Riga stock exchange, cites LETA.