- Almost 200 years of uniquely complementary experience
- Dealing with complex situations and transactions
- Hands-on approach to adding value to portfolio companies
- Operational improvements, organic growth and transformational acquisitions
- Unequalled reputation in the market
- Governance and institutional quality
Combined experience of the team
€ 500
million
invested
€ 1.4
billion
returned
2.2x
cash on cash
22.2%
av. IRR
Team Members
Alvydas Banys
Senior Adviser, Investment Committee Member
Over 25 years of experience in private equity and M&A
Founder of Invalda INVL; Chairman of the Management Board of Invalda INVL
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Alvydas Banys
Senior Adviser, Investment Committee Member
Over 25 years of experience in private equity and M&A
Founding partner of Invalda INVL with over 25 years of experience in private equity and operational management. Has served on the boards of 30+ companies. He has been pioneering investments in the Baltic securities market since 1991. Together with Invalda INVL local and international investment partners, implemented acquisitions and sales of companies, capital raising deals with a total value of over EUR 1.2 billion.
Holds Master’s degree in Engineering and Economics from Vilnius Gediminas Technical University, Lithuania.
Darius Šulnis
Managing Partner, Investment Committee Member
Over 20 years of experience in private equity and M&A
Chairman of the Management Board of INVL Asset Management; Member of the Management Board of Invalda INVL
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Darius Šulnis
Managing Partner, Investment Committee Member
Over 20 years of experience in private equity and M&A
Started as CEO of financial brokerage firm Finasta and been pioneering investments in the Baltic securities market since 1994. Joined Invalda INVL in in 1996. Has over 20 years of experience in private equity and operational management. After joining Invalda INVL was building and developing the group together with Alvydas Banys and others. Has served on the boards of 40+ portfolio companies. Together with Invalda INVL local and international investment partners, implemented acquisitions and sales of companies, capital raising deals with a total value of over EUR 1.2 billion.
Holds an MBA from Duke University, USA and Master's degree in Accounting and Audit (Economist qualification) from Vilnius University, Lithuania.
Deimantė Korsakaitė
Executive Partner, Investment Committee Member
Over 12 years of experience in private equity and M&A
Board member at Lithuanian Private Equity and Venture Capital Association; Former Associate Partner at TGS Baltic
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Deimantė Korsakaitė
Executive Partner, Investment Committee Member
Over 12 years of experience in private equity and M&A
Has started her career as a lawyer specialising in private equity and M&A. From 2004 until 2010 was working at Hermis Capital, one of the first private equity firms in Lithuania. Since 2010 until joining Invalda INVL in 2017 was an Associate Partner with one of the leading pan-Baltic law firms – TGS Baltic – where she co-led the M&A practice. Advised local and international clients on 40+ deals with the combined value of c. EUR 2 billion. During her time as M&A lawyer, Deimante and Invalda INVL worked together and across the table on several transactions.
Currently sits on the Board of Lithuanian Venture Capital and Private Equity Association.
Holds LL.M in International Legal Practice from the University of Law, UK and Master of Law degree from Vilnius University, Lithuania.
Ashwin Roy
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)
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Ashwin Roy
Non-Executive Partner, Investment Committee Member
Over 15 years of experience in private equity and M&A
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.
Vidas Venckus
Partner, Investment Committee Member
Over 15 years of experience in private equity and M&A
Former Partner at PricewaterhouseCoopers Lithuania, head of advisory services
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Vidas Venckus
Partner, Investment Committee Member
Over 15 years of experience in private equity and M&A
Since 1994 through 2016 he worked with PwC Lithuania and took the path from Assistant to Manager and on to Partner. He headed the team of 40+ professionals in the Baltics specializing in Management Consulting and Transaction Advisory. Management Consulting business included IT, business processes optimization and risk management. Transaction Advisory included due diligence, M&A advisory, business analysis and other transaction support services. He accumulated unmatched experience in M&A, private equity, finance consulting and due diligence advising local and international investors on 200+ transactions.
Holds Master’s degree in Accounting and Audit from Vilnius University, Lithuania.
Nerijus Drobavičius
Partner, Investment Committee Member
Over 12 years of experience in private equity and M&A
Member of the Management Board of INVL Asset Management
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Nerijus Drobavičius
Partner, Investment Committee Member
Over 12 years of experience in private equity and M&A
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 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.
Vytautas Plunksnis
Partner, Investment Committee Member
Over 12 years of experience in private equity and M&A
Chairman of the board at Investors' association in Lithuania; Member of the Management Board of INVL Asset Management
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Vytautas Plunksnis
Partner, Investment Committee Member
Over 12 years of experience in private equity and M&A
Started his career as financial analyst at the first Lithuanian online brokerage Jusu Tarpininkas in 1999. In 2002 he became a business journalist and since 2004 was Editor in Chief, Business Desk, Lithuanian News Agency Elta. His career in asset management started in 2006 as an analyst and fund manager in Finasta Asset Management (Invalda INVL’s portfolio company). Since 2009 until 2016 he was an Investment Manager at Invalda INVL and since 2016 – the Head of Private Equity and a Member of the Management Board at INVL Asset Management. He has successfully implemented over 10 deals with a total value of c. EUR 250 million and has served on the boards of 20+ portfolio companies.
Currently is a Chairman of the Investor’s Association in Lithuania.
Holds Bachelor’s degree in Business Administration, Kaunas University of Technology, Lithuania.
Andrejs Martinovs
Investment Director
Over 20 years of experience in private equity and M&A
Head of INVL Asset Management operations in Latvia
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Andrejs Martinovs
Investment Director
Over 20 years of experience in private equity and M&A
In 1997 started as a trader at Latvijas Krajbanka, taking over as head of brokerage division over the period 2003 - 2005. In 2005 he joined Invalda INVL launching brokerage and asset management businesses of Finasta in Riga, Latvia and taking the CEO position. Since 2015, he is Chairman of the Board and CEO of Invalda INVL’s asset management companies in Latvia. Andrejs has deep knowledge of the Latvian market, enhancing the team’s origination capabilities in Latvia.
Holds MA in Economics, Banking and Finance from the University of Latvia and Lawyer’s qualification from the Baltic International Academy.
Diana Ūselytė
Associate
Over 13 years of experience in private equity and M&A
Former business analyst at Swedbank, AB
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Diana Ūselytė
Associate
Over 13 years of experience in private equity and M&A
In 2005 started her career in Financial Brokerage Company Finasta (subsidiary of Invalda) as a financial analyst and since 2010 took positions of credit analyst and then senior credit analyst at Bank Finasta. Since 2014 through 2016 worked as business analyst in Swedbank. Since 2016 re-joined Invalda INVL taking the position of senior private equity analyst.
Holds a Master’s degree in Economics from Kaunas University of Technology.
Martynas Samulionis
Associate
Over 4 years of experience in private equity and M&A
Former Business Intelligence Analyst at Philip Morris Baltic
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Martynas Samulionis
Associate
Over 4 years of experience in private equity and M&A
In 2013 started as a business intelligence analyst at Philip Morris Baltic. Joined Invalda INVL as private equity analyst in 2014.
Holds a Bachelor’s degree in Economics and Business Administration from Stockholm School of Economics in Riga.
Rokas Grajauskas
Associate
1 year of experience in private equity and M&A
Former Chief Baltic Economist at Danske Bank
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Rokas Grajauskas
Associate
1 year of experience in private equity and M&A
In 2009 started his career as an adviser to a Member of the European Parliament. From 2014 to March 2018 worked as Chief Baltic Economist at Danske Bank. In 2018 joined Invalda INVL taking the position of senior private equity analyst.
Holds a Master of Science (MSc) degree from the London School of Economics (LSE), UK, Master of Science (MSc) degree from the University of Amsterdam, the Netherlands and Bachelor of Science (BSc) degree from Vilnius University, Lithuania.