Baltic PE Giant INVL Bets on Fish Processing with Dual Lithuanian Acquisition

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INVL Private Equity Fund II, one of the leading private equity funds in Central and Eastern Europe, has signed agreements to acquire two Lithuanian fish processors — Nordian Group and Norvelita — in a deal that will create one of the largest fish processing groups in the region, with combined annual revenues of approximately EUR 200 million ($232 million).

The acquisition, announced August 17, is subject to approval from the Lithuanian Competition Council and is expected to close in the coming months. Financial terms were not disclosed...

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