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Agricultura | Alimentos

APF Holdings attracts growth funding through a private bond placement from CVI

February 2024 — APF Holdings, which includes one of the largest Baltic egg producers, SIA Alūksnes putnu ferma, has successfully secured US$7.6 million from a private bond placement. CVI acquired the entire volume of the bond issue. The maturity for the bonds is set at four years.

APF Holdings (NASDAQ: EGG) is a dynamic group of companies engaged in poultry farming, egg production and trade, as well as the production of biogas and organic fertilizers related to poultry farming processes. Its portfolio includes Alūksnes putnu ferma (poultry farming and egg production), APF Trading (wholesale trade of chicken eggs), Oluksne (provision of poultry farming and egg production services), APF Energy (production of gas and organic fertilizers), and Preiļu putni (poultry farming and chick rearing). Founded in 2017, APF Holdings has become a leading player in the poultry and egg industry in the Baltic region.

Our role in the transaction

Oaklins’ team in Latvia advised APF Holdings on raising funds through a private bond placement. During this process, Oaklins selected and approached local banks and several private debt funds and advised on the deal structuring.

“The successful bond issue enables us to realize APF’s plans and increase our production capacity by approximately 60% over the coming years. We see a growing demand for eggs and egg products both in Latvia and across Europe, particularly for cage-free eggs, and we aim to swiftly implement our development plan to capitalize on this market trend. The involvement of CVI, a leading CEE investment management company, alongside two pension funds that invested during APF’s initial public offering, demonstrates the trust of financial market professionals in APF’s business model and aspirations.”

Jurijs Adamovičs

Founder and Chairman of the Management Board, APF Holdings

Contáctese con el equipo de la transacción

Reinholds Razums

Asociado Socio
Riga, Letonia
Oaklins Baltics

Valērija Lieģe

Socio
Riga, Letonia
Oaklins Baltics

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