Announced
Completed
Financials
Tags
Environmental / Waste Management
Lithuania
environmental solutions
Majority
Single Bidder
Private Equity
Private
Completed
Acquisition
Friendly
Cross Border
Synopsis
INVL Baltic Sea Growth Fund, the largest private equity investment fund for the Baltic region, completed the acquisition of a 52.81% stake in Eco Baltia, an environment management group. Financial terms were not disclosed. "We have a long-term growth plan to invest significant capital and expertise into Eco Baltia and view the company as sitting favourably at the forefront of a thriving circular economy for the Baltic region. The world we live in has a duty to promote recycling as we seek to achieve a better level of sustainability and greener targets and with its plastic recycling and waste collection divisions, Eco Baltia is therefore a very exciting company to help achieve these goals," Vytautas Plunksnis, INVL Baltic Sea Growth Fund Partner.
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