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.