BaltCap Invests in PostService Group (CEE and CIS)

Source: BaltCap

BaltCap, a private equity and venture capital firm focused on the Baltic countries, has invested EUR1.5 million (approximately US$2 million) in PostService Group, a privately owned postal operator in Latvia. PostService Group operates forty parcel delivery and shipment terminals under the Mana Pasta Stacija brand name. BaltCap structured the investment through the BaltCap Latvia Venture Capital Fund.