Past Transactions

AS INDEXO

Attracting capital of EUR 2.3 million EUR from more than 30 well-known Latvian entrepreneurs and managers for the asset management company AS INDEXO. Coordinating the Financial and Capital Market Commision licensing process.

Kinetics Nail System SIA

Callidus Capital acted as an exclusive financial advisor to management of the company assisting on all aspects of the transaction: 100% share buy-out (MBO) and Kinetics trademark buy-out from USA partner.
As a result, refinancing from client’s current bank to another bank was executed and new financing for share acquisition supported by ALTUM guarantee attracted.

Kinetics Nail Systems Ltd. is a professional nail cosmetics brand - a manufacturer and distributor of world wide known nail polish and hand care products in the European and Global market. The company already exports 93% of its production to more than 30 countries worldwide.

SIA OK Īpašumi

Attracting financing more than 10 million euros and managing a transaction for 70% of the share purchase from the Norwegian Investment Fund.
The company owns a shopping centre “Dauga” in Ogre, with a total area of ​​8000 sq. m, which is leased to 54 tenants. Shopping centre Dauga is the largest shopping centre in Latvia located outside Riga.

Latvijas Propāna Gāze SIA

Callidus Capital attracted financing of EUR 20 million for Latvijas Propāna Gāze Ltd. The financing was used for minority shareholder buyout and development of the company. In order to secure the best possible deal conditions, the ALTUM guarantee was used to cover part of attracted financing.
Latvijas Propāna Gāze Ltd.is the largest supplier of liquefied petroleum gas (LGP) in Latvian market holding 70% of autogas market, 60% of LPG heating market and 50% of LPG cylinders market. The company also provides LPG export and transit.

RP SIA Rīgas Satiksme

Callidus Capital represented Riga Municipality company SIA Rīgas Satiksme in negotiations with the European Investment Bank (EIB) and the Nordic Investment Bank (NIB), which resulted in a successful financing of EUR 135 million by signing agreement for receiving funding from the EIB in total EUR 75 million and NIB 60 million euro
This is the first loan in Latvia for the development of the transport sector, supported by the European Strategic Investment Fund (ESIF) (Junker Plan).The funding is intended for investments in low-floor tram infrastructure and the purchase of 20 new low-floor trams, as well as the purchase of hydrogen powered vehicles and investments in the construction of hydrogen production and refueling station.
Press release:
https://pasvaldiba.riga.lv/LV/PostingData/News/2017/9/eiropas-investicuju-bankas-un-rigas-domes-vadiba-apmekles-udenraza-razotnes-stacijas-celtniecibas-vi.htm?Date=10.09.2017&Category=10 https://www.nib.int/news_publications/2132