On 6 November, the winners of the Baltic M&A and Private Equity Awards were announced as part of the Baltic M&A and Private Equity Forum 2019. This is now the sixth year that we will be celebrating the achievements of the Baltic M&A industry.
The M&A, private equity and venture capital transactions of the year are selected by a committee consisting of market professionals and experts. The committee selects the winning deals according to criteria such as deal value and strategic importance to the Baltic region, complexity, innovation, financing structure, and involvement of regional representatives. All eligible transactions should have been completed within the past 12 months.
The Baltic M&A Deal of the Year 2019: Schwenk Zement KG: acquisition of Baltic and Nordic assets of CEMEX S.A.B. de C.V. This EUR 340 million transaction included acquisition of the local Latvian CEMEX company (owner of the Broceni cement plant with a production capacity of around 1.7 million tonnes, several quarries and ready-mixed concrete plants as well as a marine terminal) plus other assets in Estonia, Lithuania and the Nordics.
The Baltic Private Equity / Venture Capital Deal of the Year 2019: Blackstone Group LP: acquisition of 60% stake in Luminor Group AB. Luminor Group AB is a holding company for a banking group operating in Estonia, Latvia and Lithuania. This transaction, involving a cash consideration of EUR 1 billion, will allow Luminor to offer superior customer services and to expand its presence in the Baltic region through the launch of innovative products and services.
The Outbound Deal from the Baltics 2019: Thermory AS: acquisition of Siparila Oy. The combination of Estonian-based Thermory AS, a leading global producer of thermally modified wood and sauna materials, and Siparila, a Finnish leading wood processing company with interior and exterior solutions, creates a group with over EUR 100 million in revenues and helps Thermory significantly expand its product portfolio.
Members of the 2019 Awards Committee are:
- Enn Listra, Dean and Professor of Finance and Banking at TalTech School of Business and Governance
- Jānis Skutelis, Partner at FlyCap
- Jūratė Azelionyte, Fund of Funds Manager at the European Investment Fund
- Jūratė Majauskienė, Associate Partner at Summa Advisers
- Kristiina Koort, Managing Director, Estonian Private Equity & Venture Capital Association
- Raimonds Slaidiņš, Senior Partner at Ellex Klavins
Find the complete list of the nominated deals here.