Acquisitions in Vilnius County, Lithuania

Cedo, a UK-based leader in sustainable FMCG private label solutions, has acquired Plasta Group, one of Europe’s largest polyethylene recyclers and producers, headquartered in Vilnius, Lithuania. The acquisition expands Cedo’s recycling and production capacity across Central & Eastern Europe and Scandinavia, strengthening its position as an integrated circularity platform for flexible plastic films.

Miss Group has acquired UAB Interneto Vizija (IV), a Vilnius-based market-leading web hosting business that operates the Rackray Tier III data centre. IV serves ~68,000 customers with 170,000 registered domains and reported FY2020 revenue of about €11.5m with EBITDA margins above 50%; the deal expands Miss Group's footprint in the Baltic region under its PE owner Perwyn.

Funds advised by Apax Partners agreed to acquire Baltic Classifieds Group (BCG) from Media Investments & Holding OÜ. BCG operates leading online classifieds portals across the Baltics (automotive, real estate, jobs and general merchandise); the deal is expected to close by July 2019 and financial terms were not disclosed.