Montuotojas Receives Majority Investment from INVL Baltic Sea Growth Fund

oilandgasINVL Baltic Sea Growth Fund , a large private equity investment fund in the Baltic States, acquired an 86% majority stake of Lithuanian metal processing and industrial construction company Montuotojas AB.

This deal is completed through INVL Baltic Sea Growth Fund subsidiaries BSGF Fortis and Montuja respectively for an undisclosed amount.

Led by Rimvydas Ramanauskas, deputy CEO, Montuotojas services a client base, including the likes of Lifosa, Amilina, Bega, Klaipedos nafta, Achema, Lietpak, Litesko and Orlen Lietuva among others. The company employs around 700 people that undertake c.100-120 wide-ranging projects per annum.

In 2018, the company recorded revenues of €33.5m.

The transaction will see Ramanauskas, who has held managerial positions over the past 10 years, appointed as the new CEO.
Alfonsas Jaras, current CEO, is one of the selling shareholders.



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