News

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.