03/11/2020

Winner

LitCapital fund becomes the first private equity fund from Lithuania, to win the European Private Equity Awards. LitCapital winds in Central and Eastern European Deal of the Year 2020 category for the outstanding investment in Baltik Vairas.

The Awards

The 19th annual Private Equity Awards are the longest running and most prestigious Private Equity awards ceremony in Europe.

Deal of The Year Category

Finalists for the Deal of the Year awards are established through research undertaken by Real Deals, in association with Cass Business School and Preqin.

Baltik Vairas investment

The investment was done in 2013 into Baltik Vairas, the largest electrical and city bicycles developer and producer in Nordics and CEE. In 2019 the Company had revenues in excess of EUR 70M. The investment delivered 5.7x CoC and >34% IRR.