WhiteBit UAB has been acquired by Hawk Infinity Software AS
July 2025 — WhiteBit UAB has been acquired by Hawk Infinity Software AS. Norwegian investment company Hawk Infinity is recognized for its long-term investment philosophy, focusing on close collaboration with company founders and management. This transaction marks a new chapter in WhiteBit’s development and is expected to accelerate growth, strengthen its leadership in key areas of expertise and support expansion beyond Lithuania.
WhiteBit is one of the leading IT companies in Lithuania, providing data networks, cybersecurity and virtualization solutions. Partnering with leading global vendors, the company provides design, installation and maintenance of mission-critical IT infrastructure across the public and private sectors, serving key institutions and major enterprises in government, defense, telecommunications, energy and utilities, financial services and retail.
Hawk Infinity is a privately owned, Norway-based group specializing in enterprise software companies. It invests in profitable software businesses with strong market positions within their niches, focusing geographically on Northern Europe.
Our role in the transaction
Oaklins’ team in Lithuania acted as the full-scope sell-side M&A advisor to the sellers and the company throughout the entire transaction, from preparation to completion.
Talk to the deal team
Related deals
TA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreDIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Learn moreDIGMATIX has entered Romania through the acquisition of Elian Solutions
DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.
Learn more