Northern Horizon Announces Share Sale to Grinvest Partners
Deal News | Aug 21, 2025 | Northern Horizon Capital Oy
Northern Horizon Capital Oy has signed a share purchase agreement to transfer ownership of Northern Horizon Capital AS, the management company for Baltic Horizon Fund (BHF), to the partners of private investment company Grinvest. Grinvest, a significant investor in BHF through its Estonian subsidiary, is owned by Lithuanian nationals Antanas Anskaitis, Antanas Danys, and Tomas Milaauskas. The transaction, awaiting regulatory approval, reflects Northern Horizon's strategic aim to concentrate on its Nordic social infrastructure investments. The incoming Grinvest owners, with significant expertise in the Baltics' commercial real estate market, anticipate revitalizing BHF, which has faced challenges over the past five years. The transaction secures continuity in the fund's management while planning future team expansions.
Sectors
- Private Equity & Venture Capital
- Real Estate
Geography
- Estonia – The transaction involves Grinvest's subsidiary based in Estonia as a major investor in the Baltic Horizon Fund.
- Lithuania – The ownership of Grinvest is linked to Lithuanian nationals, indicating relevance to this geography.
- Baltic Region – The Baltic Horizon Fund is managed in the Baltic region, highlighting regional investment and real estate strategies.
Industry
- Private Equity & Venture Capital – The article involves a share acquisition by a private investment company, Grinvest, indicating a transaction typical within private equity and venture capitalism.
- Real Estate – The article discusses the commercial real estate market in the Baltics and the management of a real estate fund, the Baltic Horizon Fund, making this industry pertinent.
Financials
- 4,168 shares – Acquired by Antanas Anskaitis as part of the share purchase agreement.
- 4,166 shares – Acquired by Antanas Danys as part of the share purchase agreement.
- 4,166 shares – Acquired by Tomas Milaauskas as part of the share purchase agreement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Northern Horizon Capital Oy | Selling Company | Company | The seller in the transaction, focusing on Nordic social infrastructure investments. |
| Northern Horizon Capital AS | Target company | Company | The management company of the Baltic Horizon Fund being sold in the transaction. |
| Grinvest | Bidding Company | Company | The buyer in the transaction, a private investment company with major investments in BHF. |
| Antanas Anskaitis | Incoming Owner | Person | One of the Lithuanian owners of Grinvest acquiring shares of Northern Horizon Capital AS. |
| Antanas Danys | Incoming Owner | Person | One of the Lithuanian owners of Grinvest acquiring shares of Northern Horizon Capital AS. |
| Tomas Milaauskas | Incoming Owner | Person | One of the Lithuanian owners of Grinvest acquiring shares of Northern Horizon Capital AS. |
| Baltic Horizon Fund (BHF) | Fund | Company | A registered contractual public closed-end real estate fund managed by Northern Horizon Capital AS. |
| Christoffer Abramson | Commentator | Person | Group CEO of Northern Horizon A/S providing commentary on the strategic decision to sell shares. |