Private Equity

Private Equity investments, where ASI is minority shareholder, are mostly high-growth, non-tech, greenfield and have regional focus. 

  • LHV
    LHV is the biggest domestic banking and financial services company founded in 1999, which today services more than 130 000 bank clients and 180 000 pension fund clients.
    Since 2016 the shares of LHV group are also listed on the Nasdaq Tallinn Stock Exchange.
    country:Estonia
    CEO:Madis Toomsalu
    Year:2010
    Lead battery and accumulators recycling plant in South-East Russia, which operates in accordance with the high standards required by Russian and European environmental authorities. In collaboration with Estonian entrepreneurs, it is a Greenfield Project for Ambient Sound Investments.
    country:Russia
    CEO:Aare Männa
    Year:2012
    The Fund provides specialty debt financing to European growth businesses, predominantly in the technology, life sciences and environmental sectors. Focusing on investment opportunities in need of capital to fuel organic growth, acquisitions, equipment purchases, bridge loans and various forms of recapitalization.  
    country:UK; Germany
    CEO:Raymond J. Harbert
    Year:2014
    BPM Mezzanine Fund is a provider of mezzanine financing in the Baltic region and Poland with an aim to support experienced management teams in their efforts to grow and expand their businesses. BPM considers buy-outs, growth capital and capital restructuring transactions.
    country:Baltics, Poland
    CEO:Kalmer Kikas
    Year:2015
    Cipio Partners is leading international secondary direct investment management and advisory firm, making direct investments in private high-quality growth businesses. Their funds are diversified across sectors, geographies and stages, but focused on technology businesses predominantly in Europe.
    country:Germany/Europe
    CEO:Carlo Schlesser
    Year:2017
  • Exits

    Nelja Energia main areas of business are the development of the renewable energy industry and the operation of power production. Focusing mainly on wind, but also being active in biomass and biogas, currently the leading renewable energy company in Baltics with 17 windparks in total.


    country:Baltics
    CEO:Martin Kruus
    Acquirer:Enefit Green (Estonia)
    Year:2011
    Exit:2018