True partnerships taking business further

The largest pan-Baltic employee wellness benefit platform, Stebby, will join forces with Up Group. This transaction will provide an exit for Livonia Partners, while the management will continue to run the company together with the new partner. Livonia Partners, along with the management team Kristjan Novitski, Erik Oja and Egon Orav invested in Stebby in 2022.

Livonia Partners has invested in Telema, a regional leader in the electronic data interchange market. The investments helps the company transform to a new form of ownership and advance its already impressive product suite.

Livonia Partners will invest in Digital Mind AS, a business process digitalization specialist for large and mid-sized organizations in the Baltic states, to facilitate the acquisition of 100% shares of EIP Dynamics Sp. z o.o, a prominent Microsoft Enterprise Resource Planning (ERP) solution provider in Poland serving some of the largest companies in the country and internationally.

Livonia Partners is excited to announce its investment in Estonian-headquartered Wildix, a pioneer in Unified Communications & Collaboration (UC&C) technology and the only European UCaaS vendor recognized in the Gartner Magic Quadrant.

At Livonia Partners, we are dedicated to being a catalyst for the ESG journey within our portfolio companies and the broader private equity industry in the region. In spring this year, we enhanced our sustainability strategy and processes. We are now launching a roll-out of our ESG strategy across portfolio companies.

Livonia Partners invests in fast-growing Bagfactory, a manufacturer of non-woven and paper bags to customers across Europe. The transaction is pending Competition Council approval, and is anticipated to conclude by the beginning of this summer.