OVERVIEW
Hortes is Estonia’s leading brand for home and garden products. The company’s mission is to bring nature-inspired beauty into people’s lives. With a unique retail concept, it delivers an inspirational shopping experience in spacious glass-structure premises. Hortes offers the region’s broadest selection of indoor and outdoor plants, gardening tools and supplies, as well as home and pet products. Livonia acquired Hortes in 2016 to expand the business further, and exited the company in 2022 after doubling the retail footprint of the business.
Sustainability & WHY WE INVESTED
Hortes sells hundreds of thousands of plants and trees per year, adding more nature to peoples’ lives and urban settings. It also ensures that its own new retail space is highly energy efficient.
KEY FACTS
- Sales: €8.7 million
- Investment date: 2016
- Exit date: 2022
TEAM
- Kristīne Bērziņa
- Sandija Kulbe
Livonia Partners exits Hortes
On November 24th, Livonia Partners Fund I sold 100% of its shares in Hortes, Estonia’s most recognizable gardening retail brand.
Hortes to open its second gardening center in Tallinn
Livonia Partners’ portfolio company Hortes is set to open its second gardening centre in Tallinn on 2 November 2019. The purpose-built building is located in Tähesaju City, a commercial hub in the Eastern part of Tallinn and features 5,000m2 of retail area, doubling Hortes’ retail footprint in Tallinn.
Livonia Partners has agreed to acquire Hortes, Estonia’s top home and garden brand
Livonia Partners, the pan-Baltic private equity firm, has agreed to acquire Hortes, the leading retail brand for home and gardening products in Estonia. Livonia will support the company in realising its strong regional growth potential.