Announced
Completed
Financials
Tags
Cross Border
Completed
Private Equity
Lithuania
Acquisition
meat processing
Private
Friendly
Single Bidder
Majority
Food Products
Synopsis
BaltCap, a private equity firm, completed the acquisition of Krekenavos Agrofirma, a meat processing company in Lithuania. Financial terms were not disclosed. “The meat processing sector has always been active, however, not very attractive for investment due to overcapacity and a highly fragmented market. Some fundamental changes have taken place in the sector recently and now we see great potential both in export markets and in Lithuania, where Krekenavos Agrofirma is a leading player. Strong management team and market potential allow us to expect value growth and provide various opportunities for development,” Sarunas Alekna, BaltCap Partner.
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