Fenestra manufacturers wide selection of energy-conserving wood and wood-aluminium windows and balcony doors. The company was founded in 1990 in Estonia and has shown strong growth-profile and become highly efficient manufacturer under the leadership of current management team subsequent to the management buyout in 2014. Livonia acquired a majority stake in the company in February 2019 with the management team retaining a significant minority share to support growth and expansion in export markets and production upgrades.
The investment in Fenestra is managed and supervised by Rain Lõhmus and Styv Solovjov
Scoro is a software-as-a-service solution for professional and creative services. It provides all-in-one work management software combining project management with time and team management, sales, billing, and professional services automation. Established in 2013 in Estonia, the company has shown strong growth-profile and serves customer in more than 50 countries across the world. Investor consortium led by Livonia Partners acquired a minority stake in October 2018 to support growth of the company.
The investment in Scoro is managed and supervised by Kaido Veske and Styv Solovjov.
Freor LT develops and manufactures sustainable solutions for commercial refrigeration that help retailers reduce both environmental impact and energy consumption. It does so by using more efficient refrigerants and through a unique energy – efficient ‘Hydroloop’ glycol cooling system. The company was founded in 2000 and has developed into a technological leader in an industry focused on sustainability and climate-change goals. Livonia has agreed to acquire a 33% stake in the company with the management remaining as majority shareholders.
Investment in Freor is managed and supervised by Mindaugas Utkevičius and Mindaugas Rapolas.
Cgates is Lithuania’s largest independent pay TV and internet service provider. It provides digital and interactive television, fibre-optic broadband internet and fixed telephony to subscribers across the country. The company was founded in 1991 and has developed into a leading telecom operator via numerous acquisitions and organic growth. Investor consortium led by Livonia Partners acquired a significant minority stake in September 2017 to support growth of the company and further network and technology upgrades.
Investment in Cgates is managed and supervised by Mindaugas Utkevičius, Rain Lõhmus and Mindaugas Rapolas.
Santa Monica Networks Latvia and Lithuania
Santa Monica Networks is the market leader in IT integration services in Latvia and Lithuania focusing on networking and security solutions for telecommunications networks and data centres for large and medium sized enterprises in the Baltic region. Established in 1994 in Lithuania and 2003 in Latvia, the company serves customers throughout full IT investment cycle – starting from the development of network architecture and technical design to solution implementation and post-implementation maintenance services, as well as managed services. Livonia acquired a majority stake in the company in April 2017 with management retaining a significant minority share.
Investment in Santa Monica Networks is managed and supervised by Kristīne Bērziņa, Mindaugas Utkevičius, Sandija Kulbe and Ernests Bordāns.
Hortes is Estonia’s leading retail brand for home and garden products. It has the Baltic region’s broadest selection of indoor and outdoor plants, gardening tools and supplies, as well as home and pet products. Livonia acquired Hortes in November 2016.
Investment in Hortes is managed and supervised by Kristīne Bērziņa, Ernests Bordāns, Rain Lõhmus and Hendrik Reimand.
Thermory is a global market leader in thermally modified wood, sauna materials and ready-made saunas. Livonia acquired Ha Serv, Europe’s largest producer of sauna materials, in February 2016 with management team retaining a significant minority share. In July 2017 Ha Serv acquired Suomen Lämpöpuu Oy, a Finnish thermo wood manufacturer. In August 2018 Ha Serv merged with Thermory, the leading producer of thermally modified wood, to create an undisputed global market leader in its niche. The merged company has two production units located in Estonia and one located in Finland. The company also has sawmills in Estonia and Belarus and a subsidiary in the United States. Thermory employs more than 500 people.
Investment in Thermory is managed and supervised by Kaido Veske, Rain Lõhmus and Mindaugas Rapolas.