As a result of the Covid-19 crisis, the Latvijas Propāna Gāze needed additional working capital. Callidus Capital represented LPG’s interests in ALTUM and raised additional working capital of EUR 1 million to overcome the consequences of COVID-19.
Latvijas Propāna Gāze is the largest supplier of liquefied petroleum gas in Latvia with an extensive retail network – 53 gas filling stations and 350 gas cylinder distribution points. The company owns 70% of the car gas market and more than half of the liquefied heating gas and gas cylinder market in Latvia.
