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Private Equity

In the business for more than 30 years now, the Invalda INVL group has solid experience managing private equity assets and building market players that are leaders in their respective fields in the Baltic countries and Central and Eastern Europe.

In collaboration with foreign private equity funds and local entrepreneurs, we have completed several dozen acquisitions, company sales and capital-raising transactions with a total value of over €2 billion.

With one of the most experienced private equity teams in the region, we successfully manage products that vary in size as well as in the investee companies’ region and type of operations. Most capital is invested in the Baltics, but there are also some investments outside the region.

We invest in private equity because we believe we create value not only by earning an attractive return for our investors, but also by contributing to economic growth in the region and the welfare of all of society.

INVL Baltic Sea Growth Fund

Legal form Closed-end investment fund for professional investors
Management company INVL Asset Management, UAB
Sector Investment in medium-sized, attractive risk-return companies, providing them with capital for further growth
Start of operation 6 February 2019 (the fund is expected to run for 10 years from the end of the first distribution phase)
Website https://bsgf.invl.com

€165 million INVL Baltic Sea Growth Fund is the leading private equity investment fund in the Baltic States, with the European Investment Fund (EIF) as the main investor.

The fund aims to build a diversified portfolio by focusing on majority or significant minority stakes and investing from €10 to 30 million in companies with high growth potential and the ability to operate in the face of growing global competition.

The fund focuses on investment in the Baltic States and neighbouring regions such as Poland, Scandinavia and Central Europe. It has already invested in two companies providing healthcare and engineering services. You can find fund’s portfolio here: https://bsgf.invl.com/portfolio/fund-investments/

INVL Technology

Legal form Special closed-end type private capital investment company INVL Technology
Management company INVL Asset Management, UAB
Sector Investment in companies operating in the IT sector (development)
Exchange Nasdaq Vilnius
Start of operation 14 July 2016 (the duration of the company is ten years with the possibility of extending this period for two more years)
Website https://invltechnology.lt

INVL Technology operates as a closed-end investment company (CEF) which invests in and develops European IT businesses. The company is headquartered in Vilnius and is listed on the Nasdaq Vilnius stock exchange.
INVL Technology owns 3 company groups: Novian (a Baltic IT company), NRD Companies (a GovTech company), and NRD Cyber Security (a cybersecurity company).
On 14 July 2016, the Bank of Lithuania granted INVL Technology a permit to operate as a CEF for 10 years with a possible extention for 2 more years.

INVL Special Opportunities Fund

Legal fund Sub-Fund of INVL Alternative Assets Umbrella Fund, a closed-ended composite investment fund for informed investors
Management company INVL Asset Management, UAB
Sector Investment in shares of Moldova-Agroindbank (MAIB)
Start of operation 24 July 2018
Fund unit distributor INVL Financial Advisors, FMĮ UAB (the distribution of fund units are completed)

INVL Special Opportunities Fund has indirectly invested in the stock of Moldova-Agroindbank (MAIB), the largest bank in Moldova. The Sub-Fund started its activities on 24 July 2018.

The size of the Sub-Fund is €4.5 million. The minimum investment in the Sub-Fund was €200,000, and the maximum – €500,000.

On 2 October 2018, an international consortium, which includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL and Horizon Capital and which acts via UK-based company HEIM Partners, won an auction for the sale of stake in Moldova-Agroindbank (MAIB), Moldova’s largest commercial bank. For 41.09% of the MAIB shares HEIM Partners offered MDL 451.533 million (€23.031 million).

Lithuanian based MD Partners and EBRD each owns 37.5% of the shares in HEIM Partners, while the private equity manager Horizon Capital holds 25%.

INVL Special Opportunities Fund owns 48.63% of shares in MD Partners, while Invalda INVL – 51.37%.

Moldova-Agroindbank is the largest commercial bank in Moldova. Its assets at the end of 2019 amounted to €1.3 billion, and equity to €229 million.

 

Feeder funds

INVL Baltic Sea Growth Capital Fund

Legal fund Sub-Fund of INVL Alternative Assets Umbrella Fund, a closed-ended composite investment fund for informed investors
Management company INVL Asset Management, UAB
Sector Sub-Fund invests in the INVL Baltic Sea Growth Fund established in June 2018 and allows natural persons to acquire indirect exposure to investments of the latter fund
Start of operation 23 October 2018
Distributor of fund units INVL Financial Advisors, FMĮ UAB (the distribution of fund units are completed)

The size of INVL Baltic Sea Growth Capital Fund is €60.3 million. The raised funds were invested in INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic States.

INVL Baltic Sea Growth Fund aims to build a diversified portfolio by focusing on majority or significant minority stakes and investing from €10 to 30 million in companies with high growth potential and the ability to operate in the face of growing global competition.

The fund focuses on investment in the Baltic States and neighbouring regions such as Poland, Scandinavia and Central Europe. It has already invested in two companies providing healthcare and engineering services. You can find fund’s portfolio here: https://bsgf.invl.com/portfolio/fund-investments/

 

INVL Partner Private Equity Fund I

Legal fund Sub-Fund of INVL Alternative Assets Umbrella Fund, a closed-ended composite investment fund for informed investors
Management company INVL Asset Management, UAB
Sector Investing in EQT X, a fund set up by world-class manager EQT to invest in European and US health care, technology and business services sector companies.
Start of operation 18 January 2023
Distributor of fund units INVL Financial Advisors, FMĮ UAB

The Sub-Fund’s assets are invested in EQT X, a €20 billion target fund established by EQT, one of the world’s largest private equity investment companies. The Sub-Fund’s main investment strategy is to invest primarily in European and US health care, technology and business services sector companies. The sectors in which the Funded CIU will invest may be subject to review and change and new sectors are identified and selected, taking into account various factors, including, but not limited to, market trends, economic and regulatory perspectives, risk-return ratio, etc.

Interested in investment opportunities?

Contact for institutional investors: paulius.zurauskas@invl.com