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.
The INVL Baltic Sea Growth Fund, a private equity fund of INVL Asset Management, subsidiary of Invalda INVL, is indirectly buying a controlling equity stake in the metalworking and industrial construction company Montuotojas AB.
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.
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.
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.
The Mundus asset management company has launched a new Mundus Mezzanine I closed-end mutual fund intended for informed investors. This mezzanine fund began operating on 4 February, after the Bank of Lithuania approved its rules. Controlling stake of Mundus is owned by INVL Asset Management, a part of Invalda INVL.
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.