VKG sold VKG Elektrivõrgud to Baltcap
2023 - 10 - 24
VKG sold the third biggest electricity distribution company in Estonia VKG Elektrivõrgud to private equity and venture capital investor Baltcap.
VKG Elektrivõrgud is a company which sells electrical power and network services. The company’s service area includes Narva, Narva-Jõesuu and Sillamäe. According to Baltcap, VKG Elektrivõrgud is the first infrastructure investment in Estonia of their new 200-million-euro infrastructure fund (BInF II). Baltcap’s investments aim to develop in the Baltic states and Poland renewable energy and public-private partnership (PPP) transport and infrastructure projects with a high social impact.
BaltCap is a private and venture capital fund operating in the Baltics covering buyouts, growth, venture, and infrastructure investments. BaltCap has invested in over 100 companies across a wide range of industry sectors.
Our team advised VKG throughout the entire sales process. Our team included Partners Martin Simovart and Aivar Taro, Specialist Counsel Madis Reppo, Senior Associate Siim Vahtrus, Managing Associate Tõnu Kolts and Assistant Lawyer Ken Saksniit.