REFI Energy, a company owned by the INVL Renewable Energy Fund I, which is managed by INVL Asset Management and invests in renewable energy projects, successfully placed all EUR 4.5 million fixed-rate bonds in its first public offering of debt securities. The issue was oversubscribed, with demand exceeding the supply 1.5 times, where the bids from more than 250 institutional and retail investors from Lithuania were submitted.
MoreThe INVL Renewable Energy Fund I, which is managed by INVL Asset Management and invests in renewable energy projects, is entering the public bond market and offering investors up to EUR 4.5 million euros of fixed-rate bonds through REFI Energy, a company the fund owns.
MoreINVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic States, together with its portfolio company Eco Baltia, the largest waste management and recycling group in the Baltics, announces the signing of an agreement to acquire a 70% stake in the largest Polish PVC windows recycler, Metal-Plast.
MoreOn 29/08/ 2023, the Bank of Lithuania granted authorisation to transfer the management of pension and retail investment funds managed by INVL Asset Management, to the asset management company SB Asset Management established by Šiaulių bankas.
MoreAs at end of June this year, the equity and net asset value of INVL Technology, a company that invests in IT businesses, amounted to EUR 37.9 million, while equity value per share was EUR 3.1409. These indicators have decreased by 0.95% since the beginning of the year.
MoreMoldova-Agroindbank (maib), Moldova’s largest commercial bank, of which the leading Baltic investment management and life insurance group Invalda INVL is a shareholder, had an unaudited net profit of 657.8 million Moldovan leu (MDL) (EUR 32.9 million) in the first half of this year, which is 23% more than in the same period last year.
MoreThe real estate investment company INVL Baltic Real Estate had a consolidated net profit of EUR 0.3 million in the first half of this year, 85 percent less than in the same period last year when the net profit was EUR 1.9 million. The fall in profits was due to a sharp rise in interest costs and a significant increase in the value of investment assets recorded in the previous year.
MoreINVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic States, has increased the investment in the veterinary care through its portfolio company MiniVet, by acquiring DiVet, a veterinary clinic based in Vilnius. This is the fund’s second investment in building a network of veterinary clinics in Lithuania.
MoreINVL Partner Private Equity Fund I, a feeder subfund of INVL, the leading investment management and life insurance group in the Baltics, has raised a further EUR 12.175 million from investors and has been entrusted with funds by 29 investors.
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