BaltCap invests in FitekIN and ONEA software platforms

Fitek Holding OÜ, funded by BaltCap, acquired FitekIN and ONEA software platforms from Unifiedpost Group. The transaction covered six different jurisdictions in Europe and involved both asset and share deals.

BaltCap is the largest and most experienced private equity investor in the Baltic States, covering buyout, growth, venture, and infrastructure investments. Since 1995, BaltCap has invested in more than 120 companies across a wide range of industry sectors and has raised over 900 million euros in capital.

FitekIN is a digital purchase invoice management system facilitating the management and workflow of e-invoices, PDFs and paper invoices. ONEA creates unique, cloud-based pre-accounting solutions that provide real-time insight from financial data. FitekIN and ONEA serve customers in 13 countries across Europe.

COBALT advised BaltCap throughout the entire transaction, which included legal due diligence, drafting and negotiating transaction documents and leading the closing process in all six jurisdictions.

Our team was led by Managing Associate Ott Aava. The team included Partner Peeter Kutman, Managing Associate Tõnu Kolts, Senior Associate Kerli Salu, Associates Elis Toim, Liis Leedo and Kristiina Kraav and Junior Associate Kerstin Tang from the Estonian office, Senior Associate Mārtiņš Tarlaps and Associate Vadims Zvicevičs from the Latvian office, and Specialist Counsel Deimantė Pagirienė and Associate Agnė Saliamonė from the Lithuanian office.