Go to deals
Consumer & Retail | Private Equity

MCI.TechVentures 1.0 has invested in Pigu.lt, the leading e-commerce player in the Baltics

MCI.TechVentures 1.0, one of the largest technology investment funds in the Central and Eastern Europe region, has acquired a controlling stake in Pigu.lt, a leading e-retailer in the Baltics.

Pigu.lt, established in 2007, is a leading e-commerce player in the Baltics region. It started in Lithuania and expanded to Latvia (DBA www.220.lv) in 2011. Since 2014, it has also experienced a dynamic development in Estonia (DBA www.kaup24.ee). The company’s product range includes: electronics, household appliances, furniture and furnishings, fashion, cosmetics, children products and sports products.

MCI.TechVentures 1.0 is a closed private equity fund managed by MCI Capital. It is a technology investing leader in the CEE, with US$650 million long-term capital
under management, engaged in growth and buyout investments in digital private equity. MCI invests in pure-technology companies (disruptors), companies undergoing digital transformation and IT infrastructure. The fund aims at building regional digital champions.

Oaklins’ team in Lithuania acted as financial advisor to the sellers through the whole process.

Parties

Talk to the deal team

Martynas Visockas

Partner
Vilnius, Lithuania
Oaklins Baltics

Marius Binkevičius

Partner
Vilnius, Lithuania
Oaklins Baltics

Related deals

PBV Investment Holding Europe-America, S.L. (IDP Group) has been sold to Bureau Veritas
Private Equity | Construction & Engineering Services

PBV Investment Holding Europe-America, S.L. (IDP Group) has been sold to Bureau Veritas

Nazca Capital and the company founders have sold PBV Investment Holding Europe-America, S.L. (IDP Group) to Bureau Veritas. This strategic acquisition will allow Bureau Veritas to expand its leadership in building and infrastructure solutions and meet sustainability challenges through IDP’s digital portfolio assets.

Learn more
IQGeo Group plc has been acquired by KKR to enhance geospatial software solutions
Private Equity | TMT

IQGeo Group plc has been acquired by KKR to enhance geospatial software solutions

The global investment firm KKR has acquired IQGeo Group plc, a geospatial software developer headquartered in the UK, for US$429.8 million (£333 million).

Learn more
Peter Möhrle has sold GROFA Group to DARFON Electronics Corp.
Private Equity | Consumer & Retail

Peter Möhrle has sold GROFA Group to DARFON Electronics Corp.

Peter Möhrle Holding GmbH & Co. KG has successfully completed the sale of GROFA Group to DARFON Electronics Corp.

Learn more