Livonia Partners has reached an agreement to acquire Klaasimeister, an Estonia-based float and specialty glass processor specializing in providing insulated glass units and other glass products to complex facade projects.

Livonia Partners’ portfolio company Hortes is set to open its second gardening centre in Tallinn on 2 November 2019. The purpose-built building is located in Tähesaju City, a commercial hub in the Eastern part of Tallinn and features 5,000m2 of retail area, doubling Hortes’ retail footprint in Tallinn.

The acquisition creates a group with more than €100 million in annual sales.

Livonia Partners portfolio company Fenestra Suomi has acquired assets of the bankrupt Finnish window manufacturer Domus. The purchase includes window and aluminium factories in Loimaa, closed since December 2018 after the previous owner filed for bankruptcy.

Livonia Partners has acquired 60 percent equity stake in Fenestra to support company’s fast growth in export markets. The acquisition has been approved by Estonian Competition Authorities.

Business management platform Scoro has closed a €4.4 million Series A round led by Livonia Partners with participation from existing investors Inventure and Tera Ventures.

The merger of Thermory, the leading producer of thermally modified wood, and Ha Serv, Europe’s largest manufacturer of sauna materials and ready-made saunas, has led to the creation of a global market leader in these segments.

Hortes AS, Estonia’s leading home and garden retail brand, will be the tenant of a new garden centre that EfTEN Real Estate Fund III AS is to build in Tähesaju City in the Lasnamäe district of Tallinn, under an agreement that has been signed by EfTEN and Hortes.

Livonia Partners has agreed to invest in FREOR LT to support the producer of sustainable commercial refrigeration equipment scale and meet growing international demand. Lithuania-based FREOR supplies energy-efficient and environmentally friendly commercial refrigeration solutions to top retailers and supermarket chains across Europe and beyond.

Estonian wood manufacturing company Ha Serv has acquired Suomen Lämpöpuu Oy (SLP), a specialised manufacturer of thermo-treated wood products. Ha Serv and SLP combination broadens the companies’ product portfolio and global reach.

Livonia Partners, the pan-Baltic private equity firm, together with LHV Pension Funds and Ambient Sound Investments, agreed to invest in Cgates, a leading Lithuanian provider of cable television and internet services.

AS Hortes, Livonia Partners portfolio company, has sold its real estate property in Laagri to a public closed-end alternative investment fund EfTEN Real Estate Fund III in a sale-and-leaseback transaction with a long-term rental contract.