BaltCap’s fund’s company is selling a majority share in UAB Bio Sala, the company that operates 21 Livin stores in Lithuania and Latvia. The shares will be acquired by Ogmios centras, one of the largest real estate and investment companies in Lithuania.
Currently, Ogmios grupė is one of the largest commercial real estate developers and landlords in Lithuania. The company manages more than 200,000 sq. m of commercial premises with a value exceeding EUR 200 million.
This sale will secure returns for BaltCap fund investors, some of which are Lithuanian pension funds. It is stated that, following the transaction, the current management team will remain unchanged and will continue to lead the Livin chain.
The transaction will be completed upon receiving all necessary approvals from regulatory authorities.
In the sale of the majority shares, BaltCap is advised on all matters by the COBALT team, led by Partner Elijus Burgis and Senior Associate Jūratė Masiulytė-Katakinė.
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