News
NCH Baltics Opportunity Fund I AIF Acquires Warehouse Complex on Ganību Dambis 25d for 2.6 Million Euros
NCH Baltics AIFP, the fund manager for the NCH Baltics Opportunity Fund I AIF (the “Fund"), announces the acquisition of its second property – a warehouse and office complex on Ganibu Dambis 25d in Riga, Latvia.
06.09.2023
Two solar power plants in Valmiera and Saldus backed by AJP Capital and BaltCap completed
In August this year, finishing works in the construction of two solar power plants in Valmiera and Saldus regions, developed by the energy group AJ Power and backed by AJP Capital and BaltCap, were completed. The combined capacity of the two solar parks exceeds 11 MW, which will generate more than 10,000 MWh of green electricity for households and industrial enterprises per year. Both power plants have already been successfully connected to the unified electricity grid and the first month's results show high productivity rates.
03.08.2023
BaltCap and Draugiem Capital become majority shareholders of IGLU brand developer Pepi Rer
BaltCap, the largest private equity fund manager in the Baltics, and investment company Draugiem Capital invest in Latvia-based multi-sector production company SIA Pepi Rer to boost the global expansion of the business. Pepi Rer is widely known for its soft play brand IGLU, floor insulation brand ProVent, as well as the production of construction and packaging materials. After the transaction, BaltCap and Draugiem Capital will become the majority shareholders of the company.
To facilitate the development of the Venture Capital industry in Latvia, the six largest companies operating in the Venture Capital industry in Latvia in 2003 -"BaltCap Management Latvia", "EKO Investors", "Hanseatic Capital Latvia", "NCH Advisors INC.", "Norwegian-Latvian Entrepreneurship Development Fund" and "Small Enterprise Assistance Funds" as well as "Investment and Development Agency of Latvia” established a non-profit organization "Latvian Private Equity and Venture Capital Association" (LVCA).
By investing money in a company, the venture capital fund becomes its co-owner, thus taking a share of the business risk, but also expecting a return appropriate to the high risk undertaken. The fund, like the other co-owners, is directly interested in increasing the value of the company. Business owners and managers who choose this type of funding, in addition to financial investment, also benefit from the venture capital fund's experience, knowledge and contacts, thus contributing to the company's success.
LVCA has the following tasks:
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Inform entrepreneurs and the public about the possibilities of receiving venture capital financing;
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Promote the exchange of knowledge and experience of the members of the association;
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Represent the interests of the industry to state institutions and legislators;
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Organize and ensure cooperation with international and foreign Venture Capital associations.
The members of the association are fund management companies that manage investment funds of different size and profile and legal and financial consultants working for the industry. Currently, the association unites 40 organizations - the majority of participants in the venture capital industry in Latvia.
Starting from 2003, the Latvian Private Equity and Venture Capital Association is an associate member of the European Private Equity & Venture Capital Association (now Invest Europe).
