Livonia Partners raises €157M for its Fund II

The largest pan-Baltic investment firm Livonia Partners has raised €157 million for its second fund. The Fund II investment strategy is to have sustainable growth prospects and a positive impact on society, and the environment.

• Founded in 2013 in Latvia, Livonia focuses on finding both outstanding business owners and companies with high potential. It was partly originated through the Baltic Innovation Fund (BIF), a common initiative of Estonia, Latvia, Lithuania and the European Investment Fund.
• Livonia invests in companies that typically have an enterprise value ranging from €10 million to €100 million. The firm also acquires majority and minority stakes in mature companies whose owners wish to sell or to seek growth financing.

“The Baltic investment universe has become remarkably attractive over the last 10 years. We help companies to facilitate generational ownership change, and to grow faster organically or strategically through acquisitions. We are grateful for the unwavering investor support in a challenging macroeconomic environment,”

Livonia founding partners jointly commented on the funding.

• Livonia closed its first fund valued at €73 million in 2015. Since then, it has completed 21 investments. Its portfolio with over 2,400 employees has reached revenues of over €400 million. The two-fold growth since the Fund I, only cements its position as the leading private equity investor in the Baltics.
• Since its first closing in September 2021, the Fund II has made three investments, including BestAir and Zave, climate solutions. As well as CSUB, a supplier of composite solutions to the aquaculture industries, and Stebby, the largest wellness service marketplace in the Baltics.