Reneso is a dental lab based in Lithuania. It has made a significant add-on acquisition by acquiring 48% of MBL – a leading European contract manufacturer of medical mobility devices. MBL specialises in the production of wheelchairs, rollators, aged care beds and other rehabilitation equipment. It is primarily a contract manufacturer and includes leading global medical mobility device brands among its clients. Manufacturing plants are located in Poland and China. The Company has a particularly strong R&D track record with more than 60 patents registered under its name.
| Entry | August 2020 / September 2020 |
| Country | Lithuania / Denmark |
| Industry | Healthcare |
| Turnover (2023) | €93m |
| Personnel/ FTE (2023) | 1528/1525 |
| Status | Active |
| Website | www.mbl.dk |
Partner, Investment Committee Member
Over 15 years of experience in private equity and M&A
Former CFO at specialty pharmaceuticals company Sanitas. Member of the boards of more than 10 companies
Partner, Investment Committee Member
Over 15 years of experience in private equity and M&A
Former CFO at specialty pharmaceuticals company Sanitas. Member of the boards of more than 10 companies
Nerijus started as an auditor at Arthur Andersen in 1998 working on both audit and M&A assignments. As from 2001, he spent over 15 years in operational positions being responsible for setting up processes, financial and organizational management, investment appraisal, in addition to leading acquisitions. Since 2007 through to exit in 2011 was CFO at specialty pharmaceuticals company Sanitas. Spent 4 years advising various companies until re-joining Invalda INVL group in 2015. Nerijus Drobavičius has served on the boards of 10+ portfolio companies.
Holds BA degree in Business and Administration and an MBA in Banking and Finance from Vytautas Magnus University, Lithuania.
Non-Executive Partner, Investment Committee Member
Over 15 years of experience in private equity and M&A
Managing Partner & CIO at Surya Capital; Former Partner at CVCI Private Equity (Citigroup’s global emerging markets’s private equity division); Former head of private equity at SGRF (Sovereign Wealth Fund of Oman)
Non-Executive Partner, Investment Committee Member
Over 15 years of experience in private equity and M&A
Managing Partner & CIO at Surya Capital; Former Partner at CVCI Private Equity (Citigroup’s global emerging markets’s private equity division); Former head of private equity at SGRF (Sovereign Wealth Fund of Oman)
Started his career in 1996 at PwC in London. Started his investment career with Societe Generale Asset Management in 2000, when he first got involved with the Baltic States and in 2001 joined CVCI, eventually becoming one of two partners based in London and co-heading the firm’s efforts in the CEE region. During his tenure with CVCI, Ashwin was the lead or second transactor on 14 deals, deploying c. USD 735 million of direct private equity investments across a variety of deal types and sectors, primarily in CEE. From 2013 to 2015, he served as the Director of Private Equity at SGRF, the main Sovereign Wealth Fund of the Sultanate of Oman. Since 2016 he is the Managing Partner and Chief Investment Officer at Surya Capital, an East Africa-focused investment firm.
Ashwin and Invalda INVL team met in 2006 when CVCI co-invested with Invalda INVL in specialty pharmaceuticals company Sanitas. This was a very strong partnership over 5 years until the very successful exit in 2011.
Holds MA (Hons) (First Class) in Economics from King’s College, University of Cambridge, UK, and is a Fellow of the Institute of Chartered Accountants in England & Wales.
Senior Associate
Over 7 years of experience in private equity and M&A
Former investment manager at ME Investicija, UAB
Senior Associate
Over 7 years of experience in private equity and M&A
Former investment manager at ME Investicija, UAB
In 2015 started his career in INVL Asset Management as a junior Private Equity analyst and since 2017 took positions of financial analyst and junior portfolio manager. Since 2018 through 2022 worked as an investment manager in ME Investicija (holding company of Girteka Logistics). Since 2022 re-joined Invalda INVL group taking position as a senior associate.
Holds a Bachelor’s degree in Physics from Vilnius University, Lithuania.