Livonia Partners has sold 33.34% of Freor LT
Livonia Partners, a leading pan-Baltic private equity investment fund, has sold its 33.34% stake in Freor LT, a Lithuania-based commercial refrigeration manufacturer, to its majority shareholder.
Freor LT manufactures and supplies refrigeration solutions which help reduce environmental impact and energy usage. Its customers are food retailers across Europe and beyond. Freor LT is a technology leader in an industry which is rapidly growing due to global trends toward more chilled and frozen food.
Livonia Partners acquired a 33% stake in Freor LT in 2018, with the company’s founder and CEO, Rytis Bernatonis, retaining a majority stake. During the six years that followed, Freor LT moved into a new manufacturing facility, expanded its product portfolio, expanded its export geography to 55 countries and grew sales two-and-a-half times. Bernatonis has now bought out the company and has the controlling stake in Freor LT.
Oaklins’ team in Lithuania acted as the exclusive sell-side advisor to Livonia Partners in this transaction.
Prata med transaktionsteamet
Relaterade affärer
Bolster Investment Partners has acquired a majority stake in Eternal Sun
Bolster Investment Partners, a Netherlands-based investment firm, has acquired a majority stake in Eternal Sun, a global technology leader in advanced solar panel testing equipment, from ABN AMRO Sustainable Impact Fund, a private impact fund based in the Netherlands, and Vermec, a Belgium-based investment firm.
Lär dig meriwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Lär dig merLe Cercle has successfully completed its primary LBO in partnership with FrenchFood Capital and Bpifrance
Le Cercle, a pioneer in reusable meal trays and a leading catering company in the Île-de-France region, is entering a new phase of development with an investment from FrenchFood Capital and the support of Bpifrance. This transaction also marks the appointment of Nathalie Grand-Morin, currently managing director, as the new CEO of the company.
Lär dig mer