BaltCap to acquire Alma Littera.

BaltCap, a private equity and venture capital investor, agreed to acquire Alma Littera, a publishing house. Financial terms were not disclosed. “We are investing in a company with a long history, proven track-record and well-established brands in the Lithuanian book publishing and retail markets. The sector is still fragmented, and we believe the companies of Alma Littera Group are positioned to capture further growth. We see opportunities in digital distribution and new book formats, which create new incremental consumer occasions,” Oliver Kullman, BaltCap Partner.