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International Internet Magazine. Baltic States news & analytics Monday, 21.09.2020, 16:14

BaltCap to acquire Baltic businesses of Selecta

BC, Riga, 06.01.2017.Print version
The investment company BaltCap is set to acquire Baltic businesses of the vending and coffee services company Selecta. Baltcap Private Equity Fund II has entered into an agreement to purchase Baltic businesses of Selecta Group, BaltCap announced on Friday.

The Estonian, Latvian and Lithuanian companies of Selecta employ 75 people and generate sales in excess of 10 mln euros.  

"BaltCap considers Selecta's Baltic businesses very successfully managed entities with a fully committed and experienced staff delivering excellent client satisfaction and outstanding results," BaltCap partner Sandijs Abolins-Abols said.

"Thus, we are excited to enter the business that will serve as a solid base for pursuing business opportunities that exist in the Baltic markets," he said.

The transaction is subject to the three countries' competition authorities. The parties have agreed not to disclose the transaction price.

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