N. Eidukevičius was appointed as CEO of Montuotojas, a leading industrial construction and metal processing company.
„We are glad to attract top level professional experienced in managing large companies and complex projects“, – said Vidas Venckus, Chairman of Montuotojas Board and Partner in private equity fund INVL Baltic Sea Growth Fund, the company‘s largest shareholder.
N. Eidukevičius previously worked in financial sector companies Suprema, Hansa Investments, Delloite, was Deputy Minister of Economy, managed companies Tiltra Group, Kauno Tiltai, was vice president of Polish infrastructure company Trakcja.
„I took this challenge recognising Montuotojas potential and growth plans. I will strive to further strengthen the company and develop it into the regional leading developer of complex industrial and infrastructure projects“, – commented N. Eidukevičius.
Large industrial and stevedoring companies were key Montuotojas‘ clients in 2021.
INVL Baltic Sea Growth Fund owns 88% stake in Montuotojas.
INVL Baltic Sea Growth Fund
INVL Baltic Sea Growth Fund with its total size of €165mn is the leading private equity fund in the Baltics with the European Investment Fund (“EIF”) acting as its anchor investor.
The EIF has committed €30mn with the support of the European Fund for Strategic Investments, a key element of the Investment Plan for Europe (or the ‘Junker Plan’), as well as allocating resources from the Baltic Innovation Fund, the “fund of funds” initiative developed in cooperation with the governments of Lithuania, Latvia and Estonia. This aims to increase capital investment in high growth potential small and medium-sized enterprises in the Baltic States.
The Fund seeks to assemble a diversified portfolio of companies, targeting majority or significant minority stake deals and writing tickets of €10mn to €30mn, that showcase high growth potential and the ability to compete on a truly global basis.
The Fund is focused on the Baltic States and the neighbouring regions of Poland, Scandinavia and Central Europe specifically. The Fund so far has invested in four companies within the healthcare, civil engineering and environment management (plastic recycling and waste management) sectors.
The Fund is managed by one of Lithuania’s leading asset management companies INVL Asset Management, which is part of the Invalda INVL group.
INVL Asset Management
INVL Asset Management is part of the Invalda INVL, one of the leading asset management groups in the Baltic region. The group’s companies manage pension and mutual funds, alternative investments, individual portfolios, private equity assets, and other financial instruments.
Over 250,000 clients in Lithuania and Latvia and international investors at the end of the third quarter of 2021 have entrusted the group with more than €1.5bn of assets under management. Active since 1991 and with a solid track record, Invalda INVL boasts 30 years’ worth of experience in managing private equity assets in the Baltic countries and CEE landscape while developing companies into best-in-class market leaders.