The “BaltCap Private Equity Fund III” (BPEF III) managed by the private and venture capital investor “BaltCap” has signed an agreement on Estonian acquisition of the largest integrated retail, publishing and book distribution company “Rahva Raamat” to continue its growth in all Baltic countries, according to information provided by “BaltCap”.
The content will continue after the announcement
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The rapid digitization of “Rahva Raamat” products and services will allow readers to offer a more diverse and affordable selection of books. The transaction will be completed in the coming months after Estonia Competition tips confirmation.
The acquisition of “Rahva Raamat” completes the acquisition of the main Lithuanian publishing house “Alma Littera” and the “Pegasas” bookshop network, which took place in September this year. The purpose of the transaction is to create a leading publishing house and bookstore chain across the Baltic, which focuses on digital product offerings and new book formats.
The company “Rahva Raamat” has an extensive online bookstore and 12 stores in eight Estonian cities, three of which are concept stores with cafes. “Rahva Raamat” also supplies 250 retail stores across Estonia, including “Coop”, “Rimì“,” Prism “,”Maximum“and” Selver “.
Dagnis Dreimanis, managing partner of “BaltCap”, informs that “Rahva Raamat” is a successful multichannel book trading company in Estonia: “Rahva Raamat’s strengths are a focused approach to customers and a leading role in field of IT and digital solutions The company founded its first online store in Estonia in 2005, while in 2015 it created the first app of its kind in this segment. “
“We see great growth potential in retail and book publishing,” says Dreimanis.
BPEF III invests funds in innovative companies in the Baltic and Nordic countries, guided by the “buy and build” strategy. BPEF III was established in cooperation with the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD), Nordic Environmental Finance Corporation (NEFCO), LHV pension funds, SEB for pension funds in Estonia, Latvia and Lithuania, “eQ Asset Management”, as well as for private family funds.
