BaltCap buys book retailer Rahva Raamat

• Rahva Raamat has an online bookstore and 12 bookstores in eight cities
• The deal for Rahva Raamat follows BaltCap’s recent purchases of Lithuania’s largest publishing house, Alma Littera, and Pegasas bookstores
• The investment from BaltCap will support Rahva Raamat’s growth across the Baltics

BaltCap announced it has signed an agreement to acquire Rahva Raamat, which it says is the largest integrated book retailer, publisher and distributor in Estonia. The company, headquartered in Tallinn, has an online bookstore and 12 bookstores in eight cities.

BaltCap aims to accelerate the company’s growth across the Baltics and the digitisation of its products and services.

The deal for Rahva follows BaltCap’s recent purchases of Lithuania’s largest publishing house, Alma Littera, and Pegasas Bookstores.

“We see a lot of growth potential for book retail and publishing,” said Oliver Kullman, partner at BaltCap.”BaltCap’s long-standing experience in growing businesses in the Baltics and its extensive international network create a solid platform for ambitious plans for Rahva Raamat in collaboration with the leading Lithuanian publishing house Alma Littera Group.”

BaltCap, headquartered in Tallinn, is the largest private equity fund manager in the Baltic States. It has raised over €700 million in capital and has completed over 65 exits.