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Management Team

  • 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
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

Alvydas Banys
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

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
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

Darius Šulnis
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

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
Deimantė Korsakaitė

Executive Partner, Investment Committee Member

Over 15 years of experience in private equity and M&A

Former Associate Partner at TGS Baltic

Deimantė Korsakaitė
Deimantė Korsakaitė

Executive Partner, Investment Committee Member

Over 15 years of experience in private equity and M&A

Former Associate Partner at TGS Baltic

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 group 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.

Baltic Management Institute together with Vytautas Magnus University (Lithuania) EMBA (degree expected in 2022). Holds LL.M in International Legal Practice from the University of Law, UK and Master of Law degree from Vilnius University, Lithuania.


Ashwin Roy
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)

Ashwin Roy
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)

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
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

Vidas Venckus
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

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. Joined Invalda INVL group in 2017.

Holds Master’s degree in Accounting and Audit from Vilnius University, Lithuania.


Nerijus Drobavičius
Nerijus Drobavičius

Partner, Investment Committee Member


Over 15 years of experience in private equity and M&A

Member of the Management Board of INVL Asset Management

Nerijus Drobavičius
Nerijus Drobavičius

Partner, Investment Committee Member


Over 15 years of experience in private equity and M&A

Member of the Management Board of INVL Asset Management

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.


Vytautas Plunksnis
Vytautas Plunksnis

Partner, Investment Committee Member

Over 15 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

Vytautas Plunksnis
Vytautas Plunksnis

Partner, Investment Committee Member

Over 15 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

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
Andrejs Martinovs

Investment Director

Over 20 years of experience in private equity and M&A

Head of INVL Asset Management operations in Latvia

Andrejs Martinovs
Andrejs Martinovs

Investment Director

Over 20 years of experience in private equity and M&A

Head of INVL Asset Management operations in Latvia

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 group 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

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Diana Ūselytė
Diana Ūselytė

Senior Associate

Over 15 years of experience in private equity and M&A

Former business analyst at Swedbank, AB

Diana Ūselytė
Diana Ūselytė

Senior Associate

Over 15 years of experience in private equity and M&A

Former business analyst at Swedbank, AB

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 group taking the position of senior private equity analyst.

Holds a Master’s degree in Economics from Kaunas University of Technology, Lithuania.


Marius Lepeška
Marius Lepeška

Associate

Started private equity and M&A experience in 2019

London Business School graduate

Marius Lepeška
Marius Lepeška

Associate

Started private equity and M&A experience in 2019

London Business School graduate

In 2015 started his career as a strategy consultant at Civitta until 2018. In 2019 joined The Rohatyn Group private equity team in London, UK as an intern. In 2020 joined Invalda INVL group, taking the position of a private equity analyst.

Holds a Master of Finance (MiF) degree from the London Business School (LBS), UK, and a Bachelor of Science (BSc) degree from Rotterdam School of Management (RSM), The Netherlands.


Justas Bučelis
Justas Bučelis

Junior Associate

Started private equity and M&A experience in 2019

University of Warwick graduate

Justas Bučelis
Justas Bučelis

Junior Associate

Started private equity and M&A experience in 2019

University of Warwick graduate

Joined Invalda INVL group as a junior analyst after graduating in 2019.

Holds a degree of Bachelor of Science (with Honours) in Economics, Politics and International Studies from University of Warwick.


Dalius Mikalauskas
Dalius Mikalauskas

Junior Associate

Started private equity and M&A experience in 2019

University of Exeter graduate

Dalius Mikalauskas
Dalius Mikalauskas

Junior Associate

Started private equity and M&A experience in 2019

University of Exeter graduate

From 2017 to 2018 completed internships at the Bank of Lithuania, Swedbank and SEB Bank. Before joining Invalda INVL group in 2019 worked as an audit consultant at Ernst & Young.

Holds a Bachelor’s degree in Accounting and Finance from the University of Exeter in United Kingdom.


Justyna Michno
Justyna Michno

Assistant to Executive Partner

Joined INVL Baltic Sea Growth Fund team in 2021

Former executive assistant to CEO at Lietuvos geležinkeliai, AB

Justyna Michno
Justyna Michno

Assistant to Executive Partner

Joined INVL Baltic Sea Growth Fund team in 2021

Former executive assistant to CEO at Lietuvos geležinkeliai, AB

Before joining Invalda INVL group in 2021 worked as executive assistant to CEO at JSC „Lietuvos geležinkeliai“.

Holds a Master‘s degree in Political Science from the Institute of International Relations and Political Science at Vilnius University, Lithuania.


Meinardas Grinius
Meinardas Grinius

Junior Associate

Joined INVL Baltic Sea Growth Fund team in 2021

Current BA student of Economics at Vilnius University

Meinardas Grinius
Meinardas Grinius

Junior Associate

Joined INVL Baltic Sea Growth Fund team in 2021

Current BA student of Economics at Vilnius University

Joined Invalda INVL group after completion of Summer Internship programme.