INVL Baltic Sea Growth Fund to buy Galinta Group

Galinta is a buckwheat, flakes, rice and other groats producer in the Baltic region.

  • Galinta will be the ninth portfolio investment for INVL Baltic Sea Growth Fund
  • The transaction is expected to be completed at the beginning of 2024
  • INVL Baltic Sea Growth Fund is a private equity fund in the Baltics

INVL Baltic Sea Growth Fund has agreed to acquire 100 percent stake in Galinta Group, a buckwheat, flakes, rice and other groats producer in the Baltic region.

Kaunas, Lithuania-based Galinta generated around €38.5 million of revenues in 2022. Its buckwheat production capacity reached 1,000-1,500 tonnes per month and packaging at around 8 million units per month.

“We believe that the plant-based food sector has strong potential for growth and Lithuania demonstrates a competitive advantage in the field of food processing, especially in the grain segment,” said Deimantė Korsakaitė, managing partner of INVL Baltic Sea Growth Fund. “The business has the potential for rapid growth by both increasing volumes in existing markets and expanding into the new ones as well as the launch of new product segments.”

Galinta will be the ninth portfolio investment for the INVL Baltic Sea Growth Fund.

The transaction is expected to be completed at the beginning of 2024, subject to regulatory approval.

INVL Baltic Sea Growth Fund is a private equity fund in the Baltics. It is managed by INVL, a Baltic investment management and life insurance group based in Vilnius, Lithuania.

The legal advisors of INVL Baltic Sea Growth Fund were law firm TGS Baltic and its financial advisors were EY.