LHV Capital has successfully completed the sale of Baltic LHV CapitalTicket Holdings (BTH), the largest event tickets distributor in the Baltics to Kassir.ru.
Baltic Ticket HoldingsPorta Finance advised LHV Capital on the transaction.
BTH offers tickets to various entertainment, sporting, and theatre events though its subsidiaries Piletilevi in Estonia, Bilesu Serviss in Latvia, Bilietų Pasaulis in Lithuania, and associate Biletik in Belarus. BTH issues over 3.3 million tickets annually through its online portals and a network of over 400 physical sales points.
Kassir.ru is one of the largest ticketing companies in Russia and belongs to the entertainment group PMI. PMI is a partner of Live Nation in Russia, Ukraine, and Belarus.
“We invested in BTH in 2007 and have helped it to develop the service and expand across the Baltics and Belarus. It has been a successful investment for us and we are happy that the business will continue under leadership of a strategic owner with a clear vision such as Kassir.ru”, says Rain Lõhmus, member of the management board of LHV Capital. LHV Capital is a private equity investment management company focusing on medium-sized firms in the Baltic states.
Porta Finance acted as a financial advisor to LHV Capital in relation to the transaction. “It has been exciting to work on this transaction together with Rain Lõhmus and the professional team of LHV Capital. The management of BTH has developed the company to an undisputed leader of the Baltic ticketing market and I am confident that Kassir.ru will help to expand the service even further,” comments Karl-Erik Kodu, Director of Porta Finance.
Director, Porta Finance
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