OUR INVESTMENTS

share the vision and courage needed for transformation

Telema is the leading EDI network provider in the Baltics, offering comprehensive data flow and exchange solutions to B2B customers.

Livonia Partners partnered with the CEO and majority shareholder to buy out Telema's passive minority shareholders.

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Stage:
PENDING CLOSING

Digital Mind, a leading specialist in Microsoft Business Applications, serves clients across the Baltic and Central European regions.

Livonia Partners provided financing for Digital Mind's acquisition of EIP Dynamics in Poland thereby becoming majority shareholder.

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Stage:
ACTIVE, FUND II

Wildix is a pioneering Unified Communications & Collaboration technology provider operating across Europe and the USA.

Livonia Partners provided growth funding to Wildix to facilitate the global rollout of its new product suite.

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Stage:
ACTIVE, FUND II

Bagfactory is a manufacturer of reusable non-woven and paper carrier bags sold to the largest European retail chains.

In 2023, Livonia purchased the controlling stake with the founders retaining a significant minority position.

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Stage:
ACTIVE, FUND II

Stebby is a pan-Baltic software-driven service platform designed for companies to manage their employees' wellness benefits.

Livonia has become a majority shareholder in Stebby in 2022 as it financed a management buyout.

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Stage:
ACTIVE, FUND II

CSUB is an engineering and manufacturing company for custom-built composite structures to the subsea, aquaculture, civil and offshore industries.

In 2021, Livonia became a controlling shareholder alongside the management team.

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Stage:
ACTIVE, FUND II

BestAir is leading provider of green home climate solutions, operating in B2B and B2C segments in 8 different countries.

In 2022, Livonia acquired a minority stake in BestAir with an aim to support continued growth across geographies and business lines.

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Stage:
ACTIVE, FUND II

Glassense (previously Klaasimeister) is a specialty glass processing company, focused on insulated glass units for building facades.

Livonia acquired Klaasimeister in 2019. In 2022, it acquired a facility in Latvia, and merged with an Estonian glass processor Baltiklaas.

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Stage:
ACTIVE, FUND I

Fenestra makes energy-efficient windows and balcony doors from wood and wood-aluminum, selling to leading construction companies and distributors in Finland and Estonia.

Livonia acquired a majority stake in the company in 2019 to support further growth.

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Stage:
EXITED

Scoro is an all-in-one business management software for professional service and other firms.

Livonia Partners led Series A for Scoro in 2018 to accelerate its growth outside the Baltics and expand in the USA, the UK, and other markets.

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Stage:
ACTIVE, FUND I

Freor supplies refrigeration solutions to food retailers in Europe and beyond, which help to reduce environmental impact and energy usage.

In 2018 Livonia bought out Freor's minority shareholder, and supported construction of a new production facility.

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Stage:
ACTIVE, FUND I

Cgates is Lithuania’s largest independent television and internet service provider.

A consortium led by Livonia Partners invested in Cgates in 2017, kickstarting initiatives to make the company the top consumer choice for its excellent product quality and customer service.

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Stage:
ACTIVE, FUND I

Santa Monica Networks is the market leader in IT integration services in Latvia and Lithuania.

Livonia acquired a majority stake in the company in 2017, and sold the company in 2021 to the largest mobile operator in Latvia, Latvijas Mobilais Telefons.

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Stage:
EXITED

Hortes is Estonia’s leading brand for home and garden products.

In 2016 Livonia purchased Hortes Laagri, which was followed up by opening a second store in Tallinn, Hortes Tahesaju, in 2019. Livonia exited the company in 2022.

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Stage:
EXITED

Thermory is the world’s largest producer of thermally modified wood.

Having initially invested in Ha Serv in 2016, Livonia has been instrumental in developing the company through a series of mergers before eventual exit from Thermory in 2020.

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Stage:
EXITED