BaltCap Exits Its 48 Percent Stake in Primekss (CEE and CIS)

Source: BaltCap

BaltCap, a private equity and venture capital investor in the Baltic States, has sold its 48 percent shareholding in Latvia-based concrete floor producer Primekss. The transaction was structured through BaltCap Latvia Venture Capital Fund, which originally invested EUR1.4 million (approximately US$1.9 million) in Primekss in 2010, obtaining 48 percent of shares in the company. Financial details of the transaction were not disclosed.