Acquisitions in Lithuania

Cedo, a sustainable FMCG private label solutions provider, announced the acquisition of Plasta Group, a major European polyethylene recycler and producer of sustainable plastic products. Plasta Group is headquartered in Vilnius, Lithuania, with manufacturing operations in Lithuania and Sweden. The deal expands Cedo’s integrated circularity platform for flexible plastic films across Europe, particularly in Central and Eastern Europe and Scandinavia.

Request Finance announced the acquisition of Pay.so Lithuania, a regulated virtual asset service provider (VASP). The deal enables Request Finance to offer a fully compliant, one-click crypto/fiat on-ramp and off-ramp payment solution for third-party payments, bills, and payroll across many currencies.

Avia Solutions Group entered into a strategic partnership with Certares Management LLC, with additional investment from Knighthead Capital Management, through a €300 million investment in the group. The transaction closed following receipt of required regulatory approvals, and proceeds will be used for strategic acquisitions, capital expenditures, and general corporate purposes, with Certares gaining board participation.

MidEuropa entered into an agreement and subsequently completed the simultaneous acquisition of UAB Pigu ("Pigu") and Hobby Hall Group OÜ ("HHG"), creating a combined Baltic e-commerce and online marketplace group. MidEuropa became the majority shareholder, alongside co-investor MCI.Euroventures and the founding/minority shareholders of Pigu and HHG retaining significant stakes. The combined group operates across Lithuania, Latvia, and Estonia with a growing presence in Finland.

Miss Group, a fast-growth web hosting business backed by Perwyn, has acquired UAB Interneto Vizija (IV), a leading Lithuanian web hosting provider headquartered in Vilnius. IV also operates a Tier III data centre in Vilnius via its subsidiary Rackray, and the deal supports Miss Group’s expansion across the Baltic region as part of its ongoing M&A strategy.

Funds advised by Apax Partners entered into a definitive agreement to acquire Baltic Classifieds Group, a portfolio of leading online classified advertising platforms across the Baltics. The stake is being acquired from Media Investments & Holding OÜ, with closing expected by July 2019 subject to regulatory approvals; financial terms were not disclosed.