Livonia Partners holds first close on second buy-out fund at double the size of first fund

Livonia Partners has announced the first close for its second fund, KS Livonia Partners Fund II, at €136 million and near the hard cap. The fund plans to invest capital into companies and opportunities addressing climate change and environmental sustainability.

Livonia Partners Fund II is backed by a number of institutional investors across the Baltic and Nordic region including pension funds, international financial institutions and family offices. All Fund I investors continued their commitments to Fund II, with Livonia also attracting a number of new investors.

Livonia Partners will continue to invest in successful companies that demonstrate an enterprising spirit and a strong growth potential in the Baltic region and beyond.

The second fund follows the same investment strategy as the first fund. Livonia completed 16 investments and add-ons with its Fund I, creating a portfolio of successful Baltic and Nordic companies with combined revenues of more than €250 million.

Livonia Partners Fund II was advised by Ellex team in Latvia including, among others, Senior Associate Marta Cera and Associate Kaspars Olsevskis in cooperation with international law firm Ropes & Gray.