Pehart Group Sold to INVL Baltic Sea Growth Fund by Abris Capital
Deal News | Dec 12, 2024 | CEE Legal Matters
INVL Baltic Sea Growth Fund, a private equity fund based in the Baltics, has completed the acquisition of Pehart Group, a prominent tissue paper producer in South-East Europe. The acquisition was facilitated with legal advisory services provided by TGS Baltic for INVL and RTPR for Abris Capital Partners, the selling firm. This acquisition marks the tenth portfolio investment for the INVL Baltic Sea Growth Fund, a development highlighted by Partner Vytautas Plunksnis. The fund, which has a size of EUR 165 million, underscores its strategy of expanding its portfolio through partnership and collaboration, as demonstrated with Pehart Group.
Sectors
- Private Equity
- Paper and Forest Products
- Legal Services
Geography
- Baltics – Home region of the acquiring private equity fund, INVL Baltic Sea Growth Fund.
- Romania – Location of Pehart Group, the acquired company.
- Central Europe – Abris Capital Partners focuses on mid-market opportunities here and is the selling entity in this transaction.
Industry
- Private Equity – Involves the acquisition of companies; relevant to INVL Baltic Sea Growth Fund's acquisition of Pehart Group.
- Paper and Forest Products – Pehart Group is a tissue paper producer, falling under the paper and forest products industry.
- Legal Services – Legal advisory roles are significant in this transaction, with TGS Baltic and RTPR providing legal guidance.
Financials
- EUR 165 million – Size of INVL Baltic Sea Growth Fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| INVL Baltic Sea Growth Fund | Buyer | Company | A Baltics-based private equity fund acquiring Pehart Group. |
| Pehart Group | Target | Company | A tissue paper producer in South-East Europe being acquired. |
| Abris Capital Partners | Vendor | Company | The selling private equity fund, focusing on Central European mid-market opportunities. |
| TGS Baltic | Legal Advisor | Company | Provided legal advice to INVL Baltic Sea Growth Fund for the acquisition. |
| RTPR | Legal Advisor | Company | Provided legal advice to Abris Capital Partners for the sale of Pehart Group. |