APRIL 2021
 
 
 
 
 
 

Dear EstVCA members and friends!

 

April welcomed some fantastic fundraising news and saw a number of new investments. We also had the chance to learn more from BaltCap's recent exit (Qvalitas/Unimed) in our Deal Talks series and held already the 4th EstVCA Coffee Connections event, which this time concentrated on ESG topic.

 

Some exciting events coming also in May - the key event for us being naturally EstVCA Annual General Meeting 2021 on 14 May at 2-4 PM, hope you can all join!

 

Best wishes,

EstVCA team
 
 
 
FUNDRAISING
 
 

Our members'
fundraising news

April 21

BaltCap closes the third

buyout fund at record size
 
 
 

BaltCap Private Equity Fund III (“BPEF III”) held the final close at hard cap, raising €177 million (incl. co-investment facility) – the largest Baltic private equity fund.

 

BPEF III aims to make up to 10 platform investments in the New Nordics and continues the proven buy-and-build strategy of its predecessor funds. BPEF III targets mature enterprises in the Baltics and Nordics with enterprise values between €10 to €100 million. 

 

>> Read more HERE
 
 
 

Tera Ventures brings its fund size to €43M

with several global investors

stepping in as limited partners
 
 
 

Limited partners in the fund now include European Investment Fund, under the EstFund, LHV Pension Funds (Estonia), ITOCHU Corporation, Mistletoe Venture Partners International (Japan), Perot Jain, MasterBorn, Inc., Jonas E. Neihardt (USA), as well as other investors from the Nordics and Estonia. Stepping in as advisors are Pär Nuder, long term advisor to NorthZone and EQT, who also joins as an investor and Barbara Piette of Knightsbridge Advisers. 

 

>> Read more HERE
 
 
 
DEALS & DEAL TALKS

Our members'
investments & exits

April 21
 
 

INVESTMENT:  Superangel / United Angels / Kaamos - ParcelSea
 
 
 

Superangel, United Angels and Kaamos participate in the €935,000 funding round to ParcelSea
Read more
 
 
 
 
 
 
 

INVESTMENT:  Trind VC - Jobilla
 
 
 

Trind VC leads the €2.16 million funding round to Finnish talent acquisition startup Jobilla
Read more
 
 
 
 
 

INVESTMENT:  Superangel - F-Drones
 
 
 

Superangel participates in seed investment round to F-Drones
Read more
 
 
 
 
 

INVESTMENT:  United Angels / Kaamos / Superangel - Bob W
 
 
 

United Angels, Kaamos and Superangel participate in €10 million seed funding round to Bob W
Read more
 
 
 
 
 

DEAL TALKS:  Martin Kõdar / Oliver Kullman - Qvalitas / Unimed
 
 
 

DEAL TALKS:

Martin Kõdar and Oliver Kullman of BaltCap talk about funds´ exit from Qvalitas and Unimed
Read more
 
 
 
 
 
 
 
EVENTS
 
 

Key industry

events

 
 
 
 
 

EstVCA Annual General Meeting 2021 

14 May 2021

2-4 PM (Estonian time)

 

We are glad to invite you to our Annual General Meeting which shall be held on 14 May 2021 at 2-4 PM (Estonian time) and taking place in a hybrid format – online in a Zoom meeting room and potentially also onsite, if the COVID-19 restrictions are to allow that.

 

Although only full members of EstVCA have the right to vote at the meeting, we kindly invite all members to participate in the meeting and make proposals and comments on the topics on the agenda. The agenda features recap of 2020 and activities of 2021 and details and materials have been sent to all EstVCA members and associate members.
 
 
 
 
 
 
 

Baltic M&A and Private Equity Forum 2021

26 May 2021

 

Co-organised by the Baltic business newspapers and law firm Sorainen in close cooperation with the Baltic VCA-s since 2010, many of our members stepping on stage as speakers. EstVCA members and associate members have a special DISCOUNT CODE to register for this year:

  • Promo code for the registration of one person VCA_hZG3hQET
    (generates a discount of 40 percent from base price)
  • Promo code to get a group discount (valid when there are at least three registrations from one company) VCA_xScc8pGD
    (45 percent discount from base price)

This year the Forum will focus on the following key topics:

  • Baltic transaction market: M&A in the time of a pandemic;
  • Mergers and acquisitions as a strategic tool for business development;
  • The global and local economy: what to expect in 2021-2022;
  • The huge number of case studies from recent transactions in the Baltics (of both pandemic and pre-pandemic transactions; from PE to PE sale, to IPO);
  • Does it cost or pay to be sustainable?
  • Discussions on Environmental, Social, and Corporate Governance topics;
  • Sustainable finance and its impact on the financial sector;
  • The Forum will also feature the Baltic M&A and Private Equity Awards and multiple networking opportunities.

>> Read more HERE

>> Register with the promo codes HERE
 
 
 

Baltic M&A Outlook

6 May 2021

2 PM
 
 
 

Organised by our associate member COBALT, the event will overview recent corporate acquisitions in the Baltics and explore the recent deals in the market.

 

Representatives from Mid Europa Partners, Marsh, Porta Finance, Oaklins and Superia will speak about expanding geography of foreign investments, the most active sectors and other trends in the Baltic deals market.

 

>> Read more and register HERE
 
 
 

 

Euroopa horisondi Eesti avakonverents

4 May 2021

1-5 PM (Estonian time)
 
 
 

A thorough event (in Estonian) taking place next week on Horizon Europe funding possibilities and might be interesting for EstVCA members'portfolio companies.

 

>> Read more and register HERE
 
 
 

EVENT RECAP:

 

EstVCA Coffee Connections #4

"The Fundamentals of ESG - what's it all about,

why it matters, and what funds need to do?

 

28 April 2021

3-4.30 PM
 
 
 

This week we were again happy to host the EstVCA Coffee Connections seminar. This time we concentrated on ESG topic and were honoured to welcome speakers from PwC Legal Poland and Luxembourg as well as Maido Lillemets, the Legal & Compliance Manager of BaltCap to share his practical experience on implementing the sustainable finance disclosure regulation (SFDR) effective as of 10 March 2021. 

 

RECORDING. The event recording  will be sent to all registered participants shortly and is available on request to all interested in the topic.
 
 
 
REPORTS
 
 
 
 

DIVERSITY report: Funding in the CEE Region 2021

 

A diversity study in CEE region, led by Unconventional Ventures, Experior and European Women in VC has just been published.

 

>> Read the report HERE
 
 
 
 
 
 

Finnish VCA and FiBAN report: A Record-Year for Finnish Startups

 

The Finnish VCA has shared great results from Finnish startup scene: A Record-Year for Finnish Startups: The Amount of Funding Raised Nearly Doubled In a Year and Is Already Approaching the Billion-Euro Mark

 

>> Read the report HERE
 
 
 
 
 
 

Header photo credit: 

Vlad Kutepov

 

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