The owners of Capital Mill sold the gas infrastructure and trading company Energate in a recent transaction, the value of which has increased successfully following its acquisition in 2016.
Marko Kull, Partner in Capital Mill, a leading property investment company, said that the capital freed up from the sales transaction will be directed to new real estate developments and electricity generation under the leadership of the Energy Market team.
‘Under the leadership of Capital Mill, Energate has grown significantly over the last four years. It is an attractive and profitable gas infrastructure and trading company, the sale of which will draw a line under operations for 2020’, said Kull, who also confirmed that despite the new transaction, the energy sector remains an interesting business direction for the Capital Mill team.
Energate’s sale was advised on the seller’s side by the law firm Ellex Raidla and Redgate Capital, the leading investment banking company in the Baltics, which advises medium-sized companies on raising capital and conducting mergers, acquisitions and real estate transactions.
‘Investor interest in energy and infrastructure companies remains high in Estonia. Energate has already proven itself in the market and continues to exhibit strong growth potential. I believe that under the new owner, the company will grow even more, and at the same time the former owners will be able to focus on their core business’, commented Mart Altvee, Partner in Redgate Capital.
Capital Mill OÜ was founded in early 2008, to help investors looking to acquire commercial real estate located in the Baltic Republics and to grow their value through high-quality property management services. The founders and partners of the company comprise a team with long-term real estate and banking experience. Capital Mill manages a large number of highly regarded commercial buildings in Estonia, Latvia, and Lithuania.
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