BaltCap Infrastructure Fund acquires Anaerobic Holding
2017-12-21
BaltCap Infrastructure Fund (BInF) has aquired 75% of Anaerobic Holding shares for €9.45 million. Anaerobic Holding owns and operates three biogas plants in Latvia with a total installed capacity of 4.9MW. Anaerobic Holding group consists of three biogas plants with a total installed capacity of 4.9MW, namely Agro Iecava, RZS...
SEIMAS ADOPTS AMENDMENT TO THE LAW ON CORPORATE INCOME TAX SETTING A MORE FAVOURABLE TAX ARRANGEMENT FOR PRIVATE EQUITY AND VENTURE CAPITAL ENTITIES
2017-12-11
Seimas has adopted the amendment to the Republic of Lithuania Law on Corporate Income Tax which essentially consolidates one level of taxation on investments into collective investment undertakings in the “hands” of the end recipient of investment earnings, i.e. the natural person. Under this amendment, all income deriving from eligible...
Lithuanian Venture Capital market: new player has entered the game
2017-10-26
New venture capital fund Open Circle Capital announced its start. It is expected that within a decade of its operation the fund will invest more than 20 million euro in high technology companies working in the fields of ICT, robotics, and high-tech. Two-thirds of the fund’s capital will be financed by state...
INVL ASSET MANAGEMENT CAN NOW ALSO MANAGE COLLECTIVE INVESTMENT UNDERTAKINGS INTENDED FOR PROFESSIONAL INVESTORS
2017-10-03
INVL Asset Management, one of Lithuania’s leading asset management companies, from now on can also manage collective investment undertakings intended for professional investors. It was granted this right by the Bank of Lithuania, which on 2 October this year issued the company a licence to conduct activities under the Law...
Company managed by INVL Technology acquired control of Finnish Deltagon Group Oy
2017-09-29
INVL Technology, a company that invests in IT businesses, acquired 77.35 percent shares of Finnish cyber security company Deltagon Group Oy. The price of the acquisition is 4.882 million euro. The acquisition was completed on 28 September, 2017 with payment for the shares. Kazimieras Tonkūnas, Vilius Benetis and Vytautas Plunksnis...
First project of BaltCap Infrastructure Fund: a EUR 16 million biomass plant
2017-09-28
BaltCap Infrastructure Fund (BInF) signed an engineering, procurement and construction (EPC) contract with Axis Technologies to develop the first infrastructure project financed by BInF – a 48MW biomass plant in Vilnius. The deal has been signed in Vilnius during the Pan-Baltic Infrastructure Summit 2017. EPC agreement, worth Eur 16 million,...