News

INVL Asset Management reorganizes its portfolio of investment funds

INVL Asset Management, one of Lithuania’s leading asset management companies, is reorganizing the portfolio of investment funds it manages. In the first half of November this year, the INVL Absolute Return Subfund was closed by decision of the company. In addition, the INVL Emerging Europe ex Russia TOP20 Subfund will be merged into the INVL Baltic Fund. The Bank of Lithuania approved the merger on 18 November; its completion is planned on 15 January 2020.

INVL Baltic Real Estate has EUR 2.1 million net profit for nine months of this year

The real estate investment company INVL Baltic Real Estate had a consolidated net profit of EUR 2.1 million for the first three quarters of this year, or 3.76% less than in the same period of 2018. The company’s consolidated equity at the end of September was EUR 35.7 million, while its equity per share was EUR 2.72 and compared to the end of the third quarter last year increased 9.2% (also taking into account dividend payments that were made).

INVL Technology businesses’ revenues boosted by supercomputing and national postal service transformation projects

The equity of INVL Technology, a company that invests in IT businesses, was EUR 27.496 million, or EUR 2.26 per share, at the end of the third quarter of this year and decreased 1.9% from the start of the year. The value of INVL Technology’s investments in the businesses it owns was EUR 24.6 million at the end of September, which is 1.5% more than at the start of the year.

INVL Technology reorganises Novian group: structural changes respond to needs of clients in Baltic and Nordic countries

The IT services and software businesses owned by INVL Technology, a company that invests in IT businesses, will be combined into the Novian group. For that purpose, internal business acquisitions within the group are planned, with the legal reorganisation to be completed by the start of 2020. INVL Technology’s investment committee made the decision allowing the combination of businesses into the Novian group on 29 October.

INVL Baltic Sea Growth Fund hits second close bringing investment capacity to €142 million

INVL Baltic Sea Growth Fund (“the Fund”), the largest private equity investment fund for the Baltic region, managed by one of Lithuania’s leading asset management companies INVL Asset Management, has successfully completed an intermediate closing (second closing), reaching a total amount of  €141.861mn. The Fund announced first closing in February 2019 at €106 mn.

Transaction between INVL Baltic Sea Growth Fund and Grigeo terminated

Private equity investment fund INVL Baltic Sea Growth Fund informs that due to the changes in investment strategy of Grigeo, AB group, which is one of the largest paper and wood industry groups in the Baltic States, on 30 September 2019, by the initiative of Grigeo, AB the transaction with INVL Baltic Sea Growth Fund subsidiary BSGF Salvus, UAB for investments in the cardboard and packaging business operated by Grigeo, AB has been terminated.

INVL Technology will continue to strengthen the groups of businesses it owns

The equity of INVL Technology, a company that invests in IT businesses, was EUR 27.655 million at the end of the first half of this year, or EUR 2.27 per share, and decreased 1.3% from the start of the year. The value of INVL Technology’s investments in the businesses it owns was EUR 24.69 million at the end of June, up 1.9% from the start of the year.

INVL Baltic Real Estate has first-half net profit of EUR 1.7 million

The real estate investment company INVL Baltic Real Estate’s consolidated net profit for the first half of this year was EUR 1.7 million and compared to the same period last year decreased 10.5%. The company’s consolidated equity at the end of June was EUR 35.3 million, while equity per share was EUR 2.685 and compared to the end of June 2018 increased 8.7% (also taking dividend payments into account).

INVL Baltic Farmland has net profit of EUR 137 000 in first half of year

INVL Baltic Farmland, a company that invests in agricultural land, in the first half of this year had revenue of EUR 302 000 and a consolidated net profit of EUR 137 000. Compared to the same period last year, the company’s revenue grew 7.5%, while its net profit decreased 2.1%.