The information will carry on after the announcement
Promotion
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The present management group will keep on to get the job done for the firm.
“BaltCap invests in a company with a prolonged record, strong experience and strong brand names in the Lithuanian publishing and retail market. The sector is however fragmented and, in our check out, the organizations in the Alma littera group have a huge expansion prospective. We see new alternatives in each electronic distribution and ebook formats, which will absolutely be a boon to shoppers each in Lithuania and outside of, “comments Dagnis Dreimanis, taking care of husband or wife of” BaltCap “.
This is the fourth consecutive financial commitment of BPEF III, previously the fund purchased the general public transport ticketing provider service provider “Ridango”, the Baltic ticket revenue system “Piletilevi Grupp” and the meat processing corporation “Krekenavos”.
The “Alma littera” team of corporations was founded in 1990 and is the major integrated publishing home and ebook retailer in Lithuania, which includes the “UAB Alma littera” publishing property, the UAB wholesaler “Alma littera sprendimia”, the retailer UAB reserve retail outlet “ALG knygynai”, logistics support company “3PL” UAB “ALG logistika” and UAB guide e-commerce web site “Knygų Klubas”.
The founder and shareholder of the Alma littera group, Arvīds Andrijauskas, details out that the fascination of an global fund supervisor like “BaltCap” demonstrates the attractiveness and sustainability of the company. He is self-confident that the working experience and expert team of “BaltCap” will assistance the firm achieve formidable progress targets the two in Lithuania and overseas.
Ellex and Persense are the consultants for this transaction. The worth of the transaction and other info are not disclosed. In purchase to conclude a transaction, it is vital to attain the authorization of the Level of competition Council in Lithuania. The reaction is anticipated to be presented in just 1-2 months.
BPEF III invests in ground breaking companies in the Baltic and Nordic nations around the world, following the “acquire and advancement” system. The fund was proven in partnership with the European Expense Fund (EIF), the European Lender for Reconstruction and Growth (EBRD), Nordic Environmental Finance Company (NEFCO), LHV pension funds, SEB for pension cash in Estonia, Latvia and Lithuania, “eQ Asset Management”, as well as for personal relatives cash. The EIF invested by the Baltic Innovation Fund 2 (BIF 2, an initiative established by means of collaboration for Estonia Latvia, Lithuania and EIF) and the EIF contribution to BPEF III also gets monetary support from European Union, offered by the European Fund for Strategic Investments (EFSI), proven below the Expense Program for Europe. EFSI aims to aid the funding and implementation of financially rewarding investments in the European Union and to provide wider obtain to finance.
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