Livonia Partners

🚀 We're proud to back DIGMATIX as it acquires two outstanding Microsoft Business Applications partners: LLP CRM in the Czech Republic and ELIAN Solutions in Romania. Both deals mark the group's entry into two important new markets.   🏢 Elian Solutions is one of Romania's leading Microsoft Dynamics 365 Business Central partners, with 80+ specialists. LLP CRM is among Central Europe's most experienced Dynamics 365 Customer Engagement teams, where 25 specialists have delivered numerous projects over the past decade for well-known brands including Scania, Škoda, Foxconn, Skanska and DPD.   👥 Once complete, DIGMATIX will employ 530+ professionals across eight European countries, serving customers from 45 countries worldwide. That gives the group one of the broadest Microsoft technology portfolios in the region, with deepened strength in CRM, Business Central, sales automation and AI-powered solutions. With group revenue now exceeding EUR 50m, DIGMATIX holds market-leading positions across all its key CEE markets.   This is the next deliberate step in a buy-and-build journey that has already run through the Baltics, Poland and Croatia. Grateful to the teams at DIGMATIX, LLP CRM and Elian for the excellent cooperation, and excited for the road ahead.   Read more 👇 https://lnkd.in/dBWbiqZw

A genuinely special moment for Riga to host the EBRD Annual Meeting, and an opportunity to put the Baltics in front of the world, demonstrating the momentum building here. Ernests Bordans and Jonas Elvikis, CEO of our portfolio company BAGFACTORY, joined Principal Banker Carlo Tancredi on stage to discuss Livonia's investment philosophy, Bagfactory approach to sustinability-driven expansion of global sales, and how a private equity partner helps companies unlock hidden potential. #EBRD #PrivateEquity #Baltics

Consistency over noise. Practical progress over promises. That is the thread running through our 2025 ESG Annual Report. In a year when the debate around ESG continued to shift, our approach remained unchanged: focus on practical implementation tied to long-term value creation. That consistency translated into measurable progress across the portfolio: ⚡ Renewable electricity increased to 82.1% 🔋 Renewable energy reached 45.2% 💶 Green contributions grew to €12.9 million 🙋 100% of portfolio companies now measure employee satisfaction 🟰 The unadjusted gender pay gap decreased from 24.7% to 17.7% 👩💼 Women’s representation on boards increased from 15.4% to 21% The report shows what this means in practice: renewable electricity transitions, circular material use, improved HR data, social audits, energy efficiency projects, and stronger governance systems. Progress is not uniform. Workplace safety, decarbonisation, governance implementation, and data quality remain active priorities. But our direction remains unchanged: keep ESG practical, consistent, and focused on building stronger companies. Read the full report here https://lnkd.in/dDqKmAdD

Two of Europe's leading optical fibre manufacturers are based in Līvāni - a Latvian town of 6,758 people, 170km from any major city. Some companies grow 10x bigger than their peers, and not because of the local market size, access to capital, or having a genius idea. But because of the ambition and the absence of imaginary ceilings. And ambition comes from your surroundings. Once you've seen a Baltic peer in your sector go global, you want no less for yourself. That's why our success stories cluster - Lithuanian and Latvian e-commerce giants, the fintech founder community, fibre optics and laser equipment manufacturers in places you wouldn't expect. So how do you become the first in your sector to make that global leap? A few ideas: hiring talent with global experience, bringing an experienced PE or VC investor on board, making bold bets on sales and marketing, being an early adopter of AI in your industry, acquiring a peer in a foreign market. At Livonia Partners, we look for companies ready to take that leap.

📢 Q1 2026 is behind us at Livonia Partners – a solid start to the year with continued progress across the portfolio, an active M&A quarter with three add-on acquisitions, and ongoing contribution to our broader ecosystem – something we strongly value.   🌍 We hosted the Sustainable Growth Forum 2026 in Vilnius — an invite-only gathering of investors, policymakers, and business leaders focused on how to translate sustainability ambitions into investable, real-economy outcomes. The forum, initiated by our Head of Sustainability, Sigita Zvirblyte, brought together voices from institutional investors alongside leading companies and funds, to discuss capital allocation, decarbonisation, and the role of private markets in building resilient economies. 🤝 🌱   🌍 Medicum signed an agreement to acquire Fertilitas, a leading private clinic in surgical specialties. The transaction strengthens Medicum’s surgical capabilities and infrastructure, expands its service offering, and further advances its development as a leading integrated healthcare platform in Estonia.🏥🔬   🌍 Cgates completed the acquisition of Splius, UAB, further reinforcing its market position and supporting continued expansion of its service offering in the region. 📡🔗   🌍 Scoro strengthened its platform through the acquisition of Envoice, an AI-powered invoice and expense management solution. The add-on enhances real-time cost visibility and marks another step toward building a fully integrated operating system for professional services firms. 🤖📊   🌍 BAGFACTORY participated in EuroShop – The World´s No. 1 Retail Trade Fair, the world’s leading retail trade fair, strengthening its global visibility and positioning as a key partner in the transition away from single-use plastics. 🌍🛍️   🌍 Bestair Group signed a supplier agreement with Bad & Värme, one of Sweden’s largest plumbing and pipe installation chains – a long-awaited milestone, adding approximately 150 new resellers and strengthening its position in the Swedish market. 🏠🔧   🌍 We had the opportunity to deliver guest lectures at TalTech – Tallinn University of Technology and the Rīgas Ekonomikas augstskola - Stockholm School of Economics in Riga, sharing real-world private equity insights and engaging with the next generation of industry talent. 🎓📊   🌍 Together with Level 20 and the Lithuanian Private Equity and Venture Capital Association (LT VCA), we hosted an event at the Vilnius TV Tower, bringing together female students and industry professionals to explore careers in private equity and venture capital, encouraging more women to join the industry — which turned out to be a truly inspiring initiative. 🌟

The Baltics - a resilient, fast-growing region with world-class talent and a thriving investment ecosystem. Proud to be part of the conversation at this year’s Baltic M&A and Private Equity Forum. 🤝🇱🇻🇱🇹🇪🇪

Private equity is only as strong as the ecosystem around it. Political institutions, LPs, GPs, companies, founders. Capital works when these parts move together. Sustainability sits at the centre of that. Not as a separate agenda, but as a driver of resilience for businesses, the Baltics, and Europe. That’s the thinking behind the Sustainable Growth Forum 2026 in Vilnius. We are bringing together investors, operators, and policymakers to focus on one question: how capital is deployed into the real economy and what it takes to make that growth durable. ✔️ long-term value creation ✔️ disciplined capital allocation ✔️ measurable impact At a time when attention and capital are shifting elsewhere, keeping this conversation grounded and relevant matters. 📍 Vilnius, April 16

📢📢 #dealnews We are proud to support Medicum in its acquisition of Fertilitas, strengthening its position as a leading private healthcare provider. 🏥 Fertilitas is a long-established and highly regarded private clinic specialising in surgical areas, supported by a modern operating theatre – enabling Medicum to further expand its surgical expertise and treatment capabilities. The combined group will operate across 9 locations ensuring continued accessibility for patients. 👩⚕️👨⚕️ Following the transaction, the Medicum team will grow to over 700 professionals. Together the organisations will enhance integrated care pathways and further develop innovative treatment solutions across 18 medical specialties. We are grateful for teams at Medicum and Fertilitas for excellent cooperation for reaching this milestone — we are excited about what lies ahead. Read more: https://lnkd.in/deEpC_Nb

At Livonia Partners, we focus on ensuring female representation in leadership roles across our portfolio companies. At the same time, attracting more women into private equity and venture capital is equally critical. In a region with a limited talent pool, we do not have the luxury of leaving half of it untapped. Ensuring that ambitious women consider careers in private capital is not only a diversity objective, but a prerequisite for a competitive industry. As part of this effort, our Head of Sustainability, Sigita Zvirblyte, led the organisation of a discussion in Vilnius, bringing together 50 female students and experienced professionals to share insights into careers in private equity and venture capital. The panel included Maarja Pärs, Investment Director at Livonia Partners, alongside leading female voices from across the industry. Strengthening the pipeline today is essential for building the investment teams of tomorrow.