SIA Runway, a business process outsourcing service provider, has received an equity investment of undisclosed amount from BaltCap.
With the investment, BaltCap Private Equity Fund advised by BaltCap has acquired 40.82% of Runway’s shares from the company’s largest shareholder, Norwegian firm Dasha AS.
The investment is intended to help the company further expand in the Scandinavian and Western European markets, as well as in former CIS countries.
SIA Runway’s customers are currently serviced from Riga, Tallinn, Vilnius and Kaunas.
Led by Managing Director Nils Sundling, the company provides CRM, IT support, accounting and other back-office services to businesses in the Nordic market.