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

Main Capital Partners has acquired a majority stake in CarWise and AutoDisk
Private Equity | Automotive | TMT

Main Capital Partners has acquired a majority stake in CarWise and AutoDisk

CarWise and AutoDisk (together “CarWise”), leading providers of integrated front-, mid- and back-office ERP software for the leasing and car rental sector in the Benelux, have sold a majority stake to Main Capital Partners (“Main”), a prominent European software investor.

Learn more
RAM Infotechnology has acquired Interoperability Group with support from Keensight Capital
Private Equity | Healthcare | TMT

RAM Infotechnology has acquired Interoperability Group with support from Keensight Capital

RAM Infotechnology (RAM-IT) has acquired Interoperability Group, a leading Dutch provider of healthcare IT solutions, with the support of Keensight Capital, a leading European growth buy-out investor specializing in technology and healthcare.

Learn more
National World PLC has been acquired by Media Concierge Holdings Ltd
Consumer & Retail

National World PLC has been acquired by Media Concierge Holdings Ltd

Media Concierge has acquired National World a UK-based multimedia company with a diverse portfolio of regional and national digital and print brands. The acquisition marks a new chapter for National World, which publishes over 100 regional news brands, including The Yorkshire Post and The Scotsman. Media Concierge, owned by Malcolm Denmark, has stated its intention to support National World's existing model of building a sustainable and independent news business.

Learn more