Porta Finance advises City Service on the sale of Ecoservice to BaltCap

21 February, 2014

AB City Service has successfully signed agreement to sell 75% of UAB EcoserviceCity Service shares, the largest waste management company in Lithuania, to BaltCap Private Equity Fund II.

Ecoservice is a waste management company providing collection, transportation,baltcap and processing of secondary raw materials and municipal solid waste across Lithuania.

BaltCap is a leading Baltic private equity firm investing into small and mid-sized enterprises in the Baltics.

The transaction implies a value of LTL 56.6 million (€16.4 million) for 100% of Ecoservice shares. The transaction shall be closed after authorization from Competition Council of the Republic of Lithuania.

Porta Finance was the financial advisor to City Service in the transaction.

Further information:
Julijus Grigaliūnas
Partner, Porta Finance
Tel: +370 5 205 3123