INVL Baltic Sea Growth Fund and Eco Baltia sign agreement to acquire largest Polish PVC recycler Metal-Plast - Seite 2

Post transaction, Eco Baltia will own 42%, S. Fedorowicz 30% and INVL Baltic Sea Growth Fund 28% of the shares in Metal-Plast. INVL Baltic Sea Growth Fund owns a 52.8% stake in Eco Baltia, while 30.5% is owned by the European Bank for Reconstruction and Development. The remaining shares are owned by the management of the company.

Metal-Plast was advised by M&A advisor mInvestment Banking S.A. (part of mBank group) and law firm Ożóg Tomczykowski. Eco Baltia and the INVL Baltic Sea Growth Fund were advised by Wolf Theiss, Sorainen, and Deloitte.

In addition, INVL Baltic Sea Growth Fund’s investment period will end in 2024. As a result, the team has already launched a fundraising programme for its successor fund – INVL Private Equity Fund II. This will seek to attract EUR300 million as a target from investors. For full information, please visit: https://bsgf.invl.com/.

INVL Baltic Sea Growth Fund

With a size of EUR 165 million, the INVL Baltic Sea Growth Fund is a leading equity fund in the Baltics. The European Investment Fund (“EIF”) is its anchor investor.

The EIF, which is a part of the European Investment Bank, has committed EUR 30 million with the support of the European Fund for Strategic Investments (a key element of the Investment Plan for Europe, or ‘Junker Plan’) whilst also allocating resources from the Baltic Innovation Fund, a “fund of funds” initiative developed in cooperation with the governments of Lithuania, Latvia and Estonia. The initiative aims to increase capital investment in high-growth potential small and medium-sized enterprises in the Baltics.

The fund seeks to assemble a diversified portfolio of companies, targeting majority or significant minority stakes through investments ranging from of EUR 10 million to EUR 30 million. These companies must demonstrate high growth potential and an ability to succeed in conditions of increasing global competition and market volatility.

The fund is focused on the Baltic countries and neighbouring regions including Poland, the Nordics, and Central Europe. The fund has invested in seven companies to date, focusing on sectors including healthcare, medical rehabilitation, civil engineering, environmental management (plastic recycling and waste management), veterinary services, and the manufacturing of cosmetics and hygiene products.

The fund is managed by INVL, the leading Baltic investment management and life insurance group. The group’s companies manage pension and mutual funds, life insurance directions, individual portfolios, private equity as well as other alternative investments. More than 300,000 clients in Lithuania, Latvia and Estonia plus international investors have entrusted the group with the management of over EUR 2 billion of assets. With a track record spanning 30 years, the group has strong expertise and experience in managing private equity assets and building true market players that are leaders in their respective fields in the Baltic countries and across Central and Eastern Europe.