ABLV Private Equity Fund 2010 KS invests in SIA DEPO DIY


2012 - 04 - 24

As a result of management buy-out transaction completed on 10 May 2012 ABLV Private Equity Fund 2010 KS acquired 25% shareholding and supported SIA DMT Pluss in the increase of its shareholding from 28% to 75% in SIA DEPO DIY – the leading cash and carry chain in Latvia.

Former investors and financial partners Byko Lettland ehf and investment funds operated by BaltCap – Baltic Investment Fund III C.V. and Baltic Investment Fund III L.P. exited the company.

SIA DEPO DIY operates a chain of cash and carry stores DEPO selling goods for home, garden and construction (do-it-yourself) which has become the market leader in Latvia in this sector with annual turnover reaching 88.4 million lats in 2011.

COBALT Latvian office acted as legal advisor to ABLV Private Equity Fund 2010, KS in this transaction.