♻️ Lithuania’s INVL Fund Acquires Control of Estonia’s Waste Management Leader
INVL Private Equity Fund II, part of Lithuania’s Invalda INVL group, has acquired a 75% stake in Estonia’s largest waste management group Eesti Keskkonnateenused (EKT). The remaining 25% will stay with the company’s management. The deal value was not disclosed.
This marks the fund’s first investment in Estonia. According to INVL, the group plans to channel over €400 million into circular-economy and growth projects across the region. EKT, employing about 800 people, posted €77 million revenue in 2024.
The new supervisory board will include Vytautas Plunksnis, Deimantė Korsakaitė, former Estonian PM Taavi Rõivas, and Maigi Reintal.
Context:
The acquisition strengthens Baltic cross-border capital ties and signals growing investor confidence in Estonia’s circular-economy and recycling sector. INVL PE Fund II, with assets of €305 million, is the largest private-equity vehicle in the Baltics.
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