M&A deals by value in Baltic States 2021

The largest merger and acquisition (M&A) deal in the Baltic States (Latvia, Lithuania, Estonia) in 2021 was the acquisition of Gren Group. Deals included are those in which a company situated in the Baltic States is the target company. The highest value deal that took place was the acquisition of Gren Group by the Swiss company Partners Group Holding AG in the energy, mining and utilities sector, and amounted to approximately 800 million euros.

Largest merger and acquisition (M&A) deals in the Baltic States in 2021, by deal value (in million euros)

Characteristic	Value of M&A deal in million euros
Gren Group - Partners Group Holding AG	800
Bolt Technology OU*	600
Vinted**	250
Tallinna Vesi AS - City of Tallinn; Utilitas Energy Group	143
Printful - Bregal Sagemount	107
Olainfarm AS - AB City JSC	90
Veriff OU - Accel; Institutional Venture Partners	58
Printify, Inc. ***	38
Pigu Group - Mid Europa Partners LLP	37
Imatra Elekter AS - Elektrum Eesti OU	29

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Release date

January 2022

More information

Region

Estonia, Latvia, Lithuania

Survey time period

2021

Supplementary notes

* Bidders: Sequoia Capital; Naya Ventures; Tekne Capital Management LLC; G Squared; D1 Capital Partners L.P.; Ghisallo Master Fund General Partner LP. ** Bidders: EQT Partners AB; Accel; Insight Partners; Lightspeed Venture Partners; Burda Principal Investments Gmbh & Co.; Sprints Capital Management Limited. *** Bidders: Virgin Group Limited; H & M Hennes & Mauritz AB; Index Ventures; Taavet Hinrikus; Bob Young; Anthony Casalena; Dreamers ; Mantas Mikuckas ; Thomas Plantenga

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