ABLV Private Equity Fund 2010 KS invests in SIA DEPO DIY
As a result of management buy-out transaction completed on 10 May 2012 ABLV Private Equity Fund 2010 KS acquired 25% shareholding and supported SIA DMT Pluss in the increase of its shareholding from 28% to 75% in SIA DEPO DIY - the leading cash and carry chain in Latvia.
Former investors and financial partners Byko Lettland ehf and investment funds operated by BaltCap - Baltic Investment Fund III C.V. and Baltic Investment Fund III L.P. exited the company.
SIA DEPO DIY operates a chain of cash and carry stores DEPO selling goods for home, garden and construction (do-it-yourself) which has become the market leader in Latvia in this sector with annual turnover reaching 88.4 million lats in 2011.
Raidla Lejins & Norcous Latvian office acted as legal advisor to ABLV Private Equity Fund 2010, KS in this transaction.