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International Internet Magazine. Baltic States news & analytics Thursday, 02.05.2024, 04:23

BaltCap Private Equity Fund II to encourage growth of business in Lithuania

BC, Vilnius, 05.02.2014.Print version
The private equity fund BaltCap Private Equity Fund II established by the leading dedicated private equity and venture capital investor in the Baltic States BaltCap started its activities successfully. At the moment, the investors' commitments to invest in the fund already reached EUR 60 million (LTL 217.5 million), informs LETA/ELTA.

BaltCap Private Equity Fund invests in small and mid-sized Baltic companies through buyout and later stage expansion transactions. The enterprise values of the target companies typically range between EUR 5 million and EUR 40 million. The fund focuses on companies with excellent growth potential with the aim of building regional champions through active participation in value creation.

 

"We do not have any doubts that the biggest private equity fund in the Baltic States established by the BaltCap will encouraged the growth of the business, will positively affect the development of the ecosystem of the Lithuanian venture capital and will encourage the employment and growth of the competitive economy," said Ministry of Economy Evaldas Gustas.

 

According to the Minister of Economy of the Republic of Lithuania, this fund was a perfect example of the cooperation and the initiative of the Baltic States which allowed using the bigger private investments, which was encouraging the development of the private and venture capital and which was facilitating the attraction of the investments in the small and medium-sized companies in the Baltic region.






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