Team | Livonia Partners

Serious growth demands both an operational focus and a solid understanding the market.

Mindaugas Utkevičius

Mindaugas is one of the founders of Livonia Partners. To take companies up a major level, he brings calm yet bold strategic vision, an emphasis on operational discipline, and deep knowledge of the business landscape in the Baltics.

Among Livonia fund companies, he is chairman of the board at Cgates and a member of the board at Freor and CSUB.

He previously ran a successful private equity fund LHV Capital, which he co-founded with Rain Lõhmus. Before that he held national and regional management roles with Deutsche Post DHL and Statoil Fuel & Retail.

Livonia Partners exits another portfolio company Freor in Lithuania

European leader in refrigeration equipment, Freor, will continue to build out another facility and expand across the continent. The transaction provides yet another exit for Livonia Partners in 2024, having previously sold employee wellness management platform Stebby in Estonia. Livonia invested in Freor in 2018.

Livonia Partners invests in Bagfactory, a sustainability innovator in the retail sector

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.

Livonia Partners to buy stake in refrigeration innovator Freor

Livonia Partners has agreed to invest in FREOR LT to support the producer of sustainable commercial refrigeration equipment scale and meet growing international demand. Lithuania-based FREOR supplies energy-efficient and environmentally friendly commercial refrigeration solutions to top retailers and supermarket chains across Europe and beyond.

Livonia Partners consortium to invest in cable network operator Cgates

Livonia Partners, the pan-Baltic private equity firm, together with LHV Pension Funds and Ambient Sound Investments, agreed to invest in Cgates, a leading Lithuanian provider of cable television and internet services.

Serious growth demands both an operational focus and a solid understanding the market.

Livonia Partners exits another portfolio company Freor in Lithuania

Livonia Partners invests in Bagfactory, a sustainability innovator in the retail sector

Livonia Partners to buy stake in refrigeration innovator Freor

Livonia Partners consortium to invest in cable network operator Cgates

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