23.07.2020 Private equity invests in record 464 CEE companies in 2019 Investment rises 7% to €2.95bn, VC investment achieves new record. This report was compiled with the help of Invest Europe’s Central and Eastern Europe Task Force. It provides annual activity statistics for the private equity and venture capital markets of Central and Eastern Europe (CEE) in 2019 and prior years. 01.07.2020 BaltCap portfolio company Coffee Address to acquire Estonian vending and coffee service company 7Kohvipoissi Coffee Address Holding, a vending and coffee service company in the Baltics operating under the Coffee Address brand is to acquire 7Kohvipoissi. 28.06.2020 The first overview of the Baltic Private Equity and Venture Capital market The first overview of the Baltic Private Equity and Venture Capital market 2010-2019 has been prepared. With the results obtained Deloitte has prepared a market report that provides a detailed analysis of Private Equity and Venture Capital Funds operating in the Baltic States, their capital raised, investments and Divestments. Thanks to all the funds that participated in the survey and Deloitte for creating the market overview. 24.06.2020 Baltics Private Equity and Venture Capital Market Overview 2010-2019 We are pleased to announce that the first Baltic Private Equity survey results for the 2010-2019 are ready. Join us for an in-depth presentation of the report as well as discussion on the situation in PE and VCA markets in all Baltic states! During the webinar a detailed analysis of the Private Equity and Venture Capital funds that operate in the Baltics, their capital raised, investments and divestments will be presented. Presentation will be followed by a panel discussion with VCA representatives from Latvia (Normunds Igolnieks), Lithuania (Rokas Peciulaitis) and Estonia (Kristjan Kalda). 16.04.2020 Latest updates and advice from LVCA members on how to deal with COVID-19 (Updated 16.04) LVCA has summarized the latest articles and advices created by members at the ever-changing time of COVID-19 epidemic 09.04.2020 Latest updates and advice from LVCA members on how to deal with COVID-19 (Updated 9.04) LVCA has summarized the latest articles and advices created by members at the ever-changing time of COVID-19 epidemic
02.04.2020 Latest updates and advice from LVCA members on how to deal with COVID-19 (Updated 2.04) LVCA has summarized the latest articles and advices created by members at the ever changing time of COVID-19 epidemic 31.03.2020 IPEV Board provides views on estimating fair value at 31 March 2020 The International Private Equity & Venture Capital Valuation Guidelines Board (“the IPEV Board”) today provides special guidance with respect to applying the IPEV Valuation Guidelines when estimating fair value at 31 March 2020. 10.02.2020 Currently competition for quality projects in Latvian investment market is very high Looking at the overall assessment of the Latvian investment market, local venture capital investors appreciate the Latvian business culture, monetary policy and attitude towards investors – these aspects were ranked with the highest ratings. The lowest ratings were assigned to the demographic situation, health system and physical infrastructure in the country. Whereas Latvian tax system, defence policy, education and science policy and the still relatively low production costs have received a moderate assessment. 24.01.2020 Investor of the Year '19 award ceremony On 23 January, most successful investments were honoured in the award ceremony "Investor of the Year '19". "Investment of the Year" award was received by a group of investors "Karma Ventures", "Practica Capital", "SuperAngel", "Imprimatur Capital" and "Revo Capital" for the investment in "Sonarworks". "Callidus Capital" won the award "Financial Adviser of the Year" 2019 and "Legal Adviser of the Year" 2019 award was presented to "COBALT". 17.11.2019 Main notes & quotes from the Baltic M&A and Private Equity Forum 2019 A record number – 279 – of leading representatives from private equity and venture capital funds, investment banking, consultants, lawyers, business executives and owners from the Baltic region gathered in Riga for the 10th Baltic-scope forum. The Forum programme offered a variety of insights from industry experts, discussion rounds, battlefield experiences, as well as a broader perspective on the impact of tech developments and emotional leadership on the transaction environment. Check out the Forum highlights! 09.10.2019 Baltic M&A and Private Equity Forum 2019 The Baltic M&A and Private Equity Forum 2019 will be held in Riga on 6 November and will open its doors to accommodate representatives from private equity and venture capital funds, investment bankers, advisers and consultants, company managers and shareholders. LVCA will be represented by Chairwoman of Latvian Private Equity and Venture Capital Association Kristīne Bērziņa who will speak on topical issues in the Baltic PE and VC industry during the forum. 01.10.2019 LVCA has a new chairwoman Kristine Berzina We are pleased to inform that the LVCA has a new chairwoman Kristine Berzina. The previous chairman Edgars Pigoznis will now be a representative of LVCA in the United Kingdom. On the 1st of October the LVCA board elected Kristine Berzina as the new Chairwoman of the Board. The previous chairman Edgars Pigoznis stepped down to be in charge of representing LVCA in the United Kingdom. The board members express their fullest gratitude towards Edgars Pigoznis for his long term leadership and valuable contributions to the development and guidance of the Latvian Venture Capital industry. 20.08.2019 CEE 2018 Statistics Report Released Private equity fundraising for Central and Eastern Europe (CEE) hit the highest annual level in a decade in 2018 with €1.8 billion, according to new data from Invest Europe. The report was released during the annual Baltic VCA Summit event today in Parnu. Buyout funds in CEE raised €1.1 billion, while the region’s venture capital funds attracted over €500 million for the second year in a row, reveals Invest Europe’s 2018 Central and Eastern Europe Private Equity Statistics[hyperlink] report. Private equity investment into companies across CEE reached €2.7 billion in 2018, the second-highest amount ever achieved, following 2017’s record €3.5 billion. The number of companies backed increased by 50% year-on-year to almost 400, also the second-highest level on record. This was driven by a sharp increase in CEE companies supported by venture capital. The number of private equity and venture capital-backed exits in CEE reached an all-time high of 128 companies divested in 2018. This represented a total value of over €1 billion for the fifth year running, measured at historical investment cost. Poland accounted for over half of this total exit value with €575 million. 08.05.2019 European Private Equity Activity 2018 data Invest Europe has published 2018 investment, fundraising and exit activity data for the European private equity and venture capital industry. The report covers data from over 1,400 PE firms or 89% of the €688bn capital under management on the European market. 04.12.2018 Network and learn from the Nordic and Baltic key players in Venture Capital & Private Equity As a partner of 0100 Conferences we would like to echo the invitation to the first edition of the Venture Capital & Private Equity conference in Tallinn. 04.12.2018 Nordic Private Equity Conference The 9th Nordic Private Capital Day is a one-day event in Stockholm on the 21st of February 2019. The conference offers inspirational keynotes, enriching panel discussions, and - most importantly - valuable networking opportunities. 04.12.2018 French Private Equity Conference The 4th French Private Equity Conference is a one-day event in Paris on the 1st of February 2019. The conference offers inspirational keynotes, enriching panel discussions, and - most importantly - valuable networking opportunities. 04.12.2018 Polish & CEE Private Equity Conference The 6th Polish & CEE Private Equity Conference is a one-day event in Warsaw on the 17th of January 2019. The conference offers inspirational keynotes, enriching panel discussions, and - most importantly - valuable networking opportunities. 26.11.2018 Livonia has made a growth investment into Scoro supporting Fred Krieger and his team expand the product in North America and Europe Business management platform Scoro has closed a $5 million Series A round led by Livonia Partners with participation from existing investors Inventure and Tera Ventures. 24.11.2018 BaltCap awarded as the Best Russian & Central and Eastern European Private Equity Fund 2018 We are proud to announce that BaltCap gained an honorable recognition by winning the gold award at the 17th edition of the Private Equity Exchange & Awards Ceremony held on November 21st in Paris. We won the Best Eastern European Award. 13.11.2018 Venture Capital & Private Equity conference in Tallinn As a partner of 0100 Conferences we would like to kindly invite you to the first edition of the Venture Capital & Private Equity conference in Tallinn. 05.10.2018 Baltic M&A and Private Equity Awards: nominees announced On 18 October the winners of the Baltic M&A and Private Equity Awards will be announced as part of the Baltic M&A and Private Equity Forum 2018. This is already the fifth year that we are celebrating the achievements of the Baltic M&A industry. The awards cover three traditional categories: the Baltic M&A Deal of the Year 2018; the Baltic Private Equity/Venture Capital Deal of the Year 2018; and the Outbound Deal from the Baltics 2018 Award. In addition, this year we are presenting an ad hoc category of ‘Baltic Public Offering of the Year 2018’ to mark an exceptionally busy year of public offerings of shares by the Baltic companies. 04.10.2018 Caffeine is acquired by Norway’s Reitan Convenience BaltCap and UAB Keturi Kambariai have entered into an agreement to sell 100% of the leading Baltic coffee shop chain Caffeine to Reitan Convenience. In the Baltics, Reitan Convenience operates the Narvesen, R-kiosk and Lietuvos Spaudos chains of convenience stores and kiosks. The transaction is expected to close after receiving competition clearance. Terms of the transaction were not disclosed. 28.09.2018 Baltic VC Summit 2018 video released LVCA was very excited to welcome VC and PE community at the Baltic VC Summit 2018 in Riga! This was the eighth time regional Private Equity and Venture Capital professionals gathered for an annual Summit. 25.09.2018 “Baltic M&A Deal Points Study 2018” released The Baltic mergers and acquisitions (M&A) market is booming and the deals are increasingly becoming truly pan-Baltic, involving targets operating in all three countries, it appears from the recent “Baltic M&A Deal Points Study 2018”. Almost 30% of the Baltic M&A deals completed in 2016-2017 involved targets operating in each of the three Baltic countries, which is almost double as much as in the period 2014-2015. 10.08.2018 Livonia Partners invests in commercial refrigeration company FREOR LT Livonia Partners has agreed to invest in FREOR LT to support the producer of sustainable commercial refrigeration equipment scale and meet growing international demand. Livonia is buying a 33 percent equity stake in FREOR from Accession Mezzanine Capital. 03.08.2018 Baltic VC Summit Startup and Investor Matchmaking event The startup investors coming to Baltic VC Summit are kindly invited to join the Startup and Investor Matchmaking event organized by TechChill and karma.vc on August 24. 03.08.2018 Baltic VC Summit 2018 is approaching! The key PE & VC event of the Baltics #BalticVCSummit is approaching very quickly! We still have some tickets for you:) All the information http://balticvcsummit2018.lvca.lv 16.07.2018 Vacuum Technologies Seminar before Baltic VC summit 2018 Invitation to seminar and tours: Vacuum Coating Technology - Growing Cluster, Spin-Off and Start-Up Success Stories 22 August 15:00 – 17:00 A/S Sidrabe 17 Krustpils street Riga, Latvia 19.06.2018 Baltic M&A and Private Equity Forum 2018 The annual Baltic M&A and Private Equity Forum will take place in Tallinn on 18-19 October 2018 at the House of the Blackheads. 11.06.2018 Startup Safari, Riga 13 - 14 June With Startup SAFARI Riga, you will have the chance to get deeper insights of Riga’s startup scene as never before. For the first time, local startup community will open its doors for everyone willing to explore. 07.06.2018 LVCA congrats NCH with a successful exit Kartesia completes its first deal in the Baltics with its investment in GroGlass 25.05.2018 BaltCap exits TREV-2 BaltCap sells 75% stake in Estonian leading infrastructure construction company TREV-2 Grupp to Eurovia, a subsidiary of VINCI. 18.05.2018 BaltCap exits Runway BPO BaltCap together with majority shareholder Dasha Group AS sold majority of the shares in Runway BPO to global BPO and customer experience company Webhelp. Runway BPO is multilingual nearshore BPO firm servicing Scandinavian and international customers. Closing of transaction took place in Riga on May 18, 2018 16.05.2018 Swiss Private Equity Conference The Swiss PE Conference is a one-day event taking place the 24th May 2018 in Zurich at the Park Hyatt Hotel. The conference gathers together more than 50 speakers and 250 attendees for a day of unrivaled networking 14.05.2018 Baltic VC Summit 2018 in Riga on the 23rd of August Each summer, at the end of August, Baltic Private Equity & Venture Capital professionals gather at one of the beautiful Baltic cities, discuss industry developments and cooperation, network and enjoy summer & various activities together. LVCA is very excited to be the host of Baltic VC Summit 2018 and to welcome VC and PE managers, investors and consultants in Riga on the 23rd of August. 06.02.2018 POLISH & CEE PRIVATE EQUITY CONFERENCE The Polish & CEE Private Equity Conference provides unrivalled networking opportunities in the CEE private equity market. On 22nd February 2018, meet over 60 LPs, 80 GPs and 40 CxOs at the InterContinental Hotel in Warsaw. 20.03.2017 Livonia Partners to acquire Santa Monica Networks in Latvia and Lithuania together with management Livonia Partners, a pan-Baltic private equity firm, and Santa Monica Networks management, agreed to acquire Santa Monica Networks Latvia and Santa Monica Networks Lithuania, leading providers of network and IT security solutions in the Baltic region, from Santa Monica Networks Group. In a related transaction, Elisa Corporation of Finland has entered into an agreement to acquire Santa Monica Networks companies in Finland and Estonia. 16.03.2017 BaltCap acquires majority in TREV-2 BaltCap increased its ownership in TREV-2, the leading Estonian infrastructure construction company by acquiring an additional 38% stake from East Capital Explorer AB for €5.7 million. BaltCap’s total ownership after the acquisition reached 75%. 11.12.2016 The Baltic venture capital market will be united under a single flag Pan-Baltic Private Equity and Venture Capital Association (Pan-Baltic VCA) was founded on August 25th at the meeting of the Estonian, Latvian and Lithuanian private equity and venture capital associations with the aim to develop an attractive and viable regional ecosystem of the venture capital for the fund managers and investors.