News

INVL Baltic Sea Growth Fund completes deal to acquire 70% stake in InMedica chain

The INVL Baltic Sea Growth Fund, the largest private equity investment fund in the Baltics, completed the acquisition of a 70% stake in the InMedica health care clinics chain. The transaction, whose value is not being disclosed, was completed after the permission of the Competition Council was obtained and other contractual terms were fulfilled. The INVL Baltic Sea Growth Fund is managed by INVL Asset Management, one of Lithuania’s leading asset management companies.

INVL Baltic Sea Growth Fund holds first closing at EUR 106 million

INVL Asset Management, one of Lithuania’s leading asset management companies, completed a first closing of the INVL Baltic Sea Growth Fund, a closed-end private equity fund intended for professional investors, at EUR 106 million. The INVL Baltic Sea Growth Fund became the largest private equity investment fund in the Baltic countries.

Invalda INVL will invest in the INVL Baltic Sea Growth Fund

The Management Board of Invalda INVL on 5 February 2019 approved entering into INVL Baltic Sea Growth Fund Partnership Agreement and a Subscription Agreement related to investment in INVL Baltic Sea Growth Fund, which is managed by Invalda INVL’s fully-owned subsidiary UAB INVL Asset Management. Invalda INVL will invest EUR 19.15 million in the INVL Baltic Sea Growth Fund, a closed-end private equity investment fund intended for professional investors.

Trading of shares in Invalda INVL will be suspended from 7 February 2019

As the notification about the material event may be published during the trading period and seeking to ensure protection of the shareholder‘s interest of the public joint stock company Invalda INVL (hereinafter may be referred as the Company), the Company submitted a request to Nasdaq Vilnius to suspend trading in Invalda INVL shares from 7 February (inclusive) until the announcement of the material event. Company‘s shares are listed in Baltic Secondary List of the Nasdaq Vilnius Stock Exchange.

Group of companies Inservis, a company controlled by Invalda INVL, acquired a controlling stake in Informacinio Verslo Paslaugų Įmonė

Group of companies Inservis, a company 100% managed by Invalda INVL, acquired from the state 51.67% stake in Informacinio Verslo Paslaugų Įmonėfor EUR 352 thousand. The transaction with the state entity Turto Bankas was completed on 31 January. After this transaction, group of companies Inservis increased its shareholding in the company Informacinio Verslo Paslaugų Įmonėsup to 88.7 percent.