TGS Baltic advised BaltCap on the acquisition of Lithuanian meat processing company Krekenavos agrofirma

23.12.2019 TGS Baltic advised BaltCap on the acquisition of Lithuanian meat processing company Krekenavos agrofirma

TGS Baltic advised one of the largest private equity investor BaltCap on the acquisition of the Lithuanian meat processing company Krekenavos agrofirma. It is the first investment of BaltCap Private Equity Fund III (BPEF III) established by BaltCap earlier this year, which amounts to EUR 136 million.

In the acquisition process TGS Baltic Executive Partner Marius Matonis and Junior Associate Paulius Dabulskis assisted the client in the performance of the legal due diligence review of the target company, transaction structuring and negotiations, whereas Associate Julija Skardžiūtė represented the private equity manager on competition and transaction implementation matters.

BaltCap is one of the largest independent private equity and risk capital fund managers in the Baltics, operating since 1995. BaltCap invested in more than 70 companies across the Region, their annual income was amounted to EUR 615 million last year.

AB Krekenavos agrofirma is a major agricultural and meat processing company in Lithuania, owning one of the most modern meat processing plants in the Baltics.