Providing the resources and expertise that good companies need to grow into international leaders.
We invest in successful companies in the Baltic region and beyond that show an enterprising spirit and strong growth potential. Small to medium in size, they typically have an enterprise value in the range of €10 million to €100 million. We prefer controlling interest but will consider minority roles and are open to co-investing. We provide buy-out and growth equity or convertible debt capital.
As owners, we’re committed, responsible and hands-on, engaging with founders, management and employees. The aim is to help companies move a major step forward; growing into global leaders in their segment, challenging incumbents, or disrupting and reshaping local markets. We are committed to investing a significant share of capital into businesses having a meaningful positive impact on climate change and the environment at large, the well-being and health of society, and sustainable, fair and socially responsible communities.
The idea for Livonia was born in 2013. Our four founding partners, Mindaugas Utkevičius, Rain Lõhmus, Kristīne Bērziņa and Kaido Veske, with personal experience across industries and continents, launched Livonia with the simple goal – to become the best investor in the region. By way of our founders, we share an entrepreneurial heritage with many ground-breaking Baltic companies who started from daring the status quo and grew into champions - Hansapank, LHV Group, Forticom, Starman, Baltic Ticket Holding, and many others.
Our founders received early funding commitments from several pension funds and financial institutions to launch the first Livonia fund in 2015. A total of €83 million is currently managed in the Livonia Partners Fund I and the Livonia Partners EIF Co-Investment Fund.
From the start, we’ve focused on finding both outstanding business owners and managers and companies with high potential. The right people welcome our input of not only equity, but also strategic ambition and advice, operational expertise, and valuable networks. They share our vision and have the courage needed for transformation. Livonia Partners has people as its foundation.
As owners, we’re committed, responsible and hands-on, engaging with founders, management and employees. Most often we work with the founders or existing owners of great companies. Sometimes we help enable a generational or other transition, such as in a buyout by the management team. The value Livonia’s team adds and helps create comes from our:
Livonia was partly originated through the Baltic Innovation Fund (BIF), a common initiative of the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania and the European Investment Fund.