True partnerships taking business further

European leader in refrigeration equipment, Freor, will continue to build out another facility and expand across the continent. The transaction provides yet another exit for Livonia Partners in 2024, having previously sold employee wellness management platform Stebby in Estonia. Livonia invested in Freor in 2018.

Livonia Partners is proud to announce the release of our fifth annual Sustainability Report, which highlights the significant progress made in 2023. As we navigate an increasingly complex global environment, this report reflects our unwavering commitment to responsible investing and long-term value creation.

The largest pan-Baltic employee wellness benefit platform, Stebby, will join forces with Up Group. This transaction will provide an exit for Livonia Partners, while the management will continue to run the company together with the new partner. Livonia Partners, along with the management team Kristjan Novitski, Erik Oja and Egon Orav invested in Stebby in 2022.

Livonia Partners has invested in Telema, a regional leader in the electronic data interchange market. The investments helps the company transform to a new form of ownership and advance its already impressive product suite.

Livonia Partners will invest in Digital Mind AS, a business process digitalization specialist for large and mid-sized organizations in the Baltic states, to facilitate the acquisition of 100% shares of EIP Dynamics Sp. z o.o, a prominent Microsoft Enterprise Resource Planning (ERP) solution provider in Poland serving some of the largest companies in the country and internationally.

Livonia Partners is excited to announce its investment in Estonian-headquartered Wildix, a pioneer in Unified Communications & Collaboration (UC&C) technology and the only European UCaaS vendor recognized in the Gartner Magic Quadrant.