Livonia Partners has raised €157 million for its second fund, cementing its position as a leading private equity investor in the Baltic region. With the fund closing above target, Livonia Partners has grown significantly since its first fund at €73 million in 2015.

Livonia Partners invests in Stebby, the largest wellness service marketplace in the Baltics, in a management buyout transaction. The new ownership will allow Stebby to strengthen its position in the Baltic market and provide resources for further product and geographic expansion.

Klaasimeister and Polar Glass (Baltiklaas) merge to accelerate growth in new markets, aiming to expand the product and client portfolio and to become one of the leading European glass solutions providers for buildings. The majority shareholder of the combined company will be Livonia Partners.

Livonia is partnering up with the leading providers of green home climate solutions to support continued growth across geographies and business lines.

In the history of Livonia Partners, 2021 was one that probably provided the most learning. We made fewer investments than in previous years, yet we learnt important lessons working with our portfolio, our investors, and with our team. At times we took some steps back in order to take more steps forward.

The company develops structures and products in glass fibre reinforced polyester (GRP). It is the first investment for Livonia’s second fund, which recently held its first close.

Livonia Partners announces the first close for its second fund, KS Livonia Partners Fund II, at €147 million and near the hard cap.

The transaction is a second exit for Livonia Partners Fund I.

Scoro, an award-winning work management software for professional service businesses, has closed a $16.4 million Series B funding round led by Kennet Partners.

By far the most common question we get from investors going from first to second fund is what have we learned. A lot. We spent a lot of time together before launching our first fund to determine what investments we collectively like versus what does and does not work investing in the Baltic region.

We are thrilled to publish Livonia’s 2019 Environmental, Social & Governance Report discussing the impact our portfolio companies have on the environment and society. Today, we are celebrating the fact that all of our portfolio companies have made real and measurable advances in sustainability and governance.

Thermory’s journey was one with multiple twists and turns. We initially invested in Ha Serv in February 2016 when it was a single-entrepreneur company in the wood processing sector, an industry with long traditions and multiple successes in the Baltics. Our original conviction was to invest in market leadership, strong cash flow and management talent.