BaltCap Agrees to Finance Impuls’s Acquisition of Artic Sports Club (CEE and CIS)

Source: BaltCap 

BaltCap, a private equity and venture capital firm focused on the Baltic countries, and Nordea Bank, a Nordic financial services group, have agreed to finance Lithuania-based fitness chain Impuls’s acquisition of Estonia-based fitness center chain Arctic Sports Club. BaltCap’s portion of the transaction will be structured through BaltCap Lithuania SME Fund. The acquisition is part of Impuls’s plan to create a pan-Baltic fitness center operator. Financial details of the transaction, which is pending approval from the Estonian Competition Authority, were not disclosed.