Private equity transformed Latvian concrete floor specialist Primekss into a company that now serves 12 countries across the globe. After investing in Primekss in 2010, BaltCap supported the company’s expansion internationally and helped develop a new stream of business through licencing its innovative and patented products across the US, Belgium, South Africa, Belarus and Russia.
With BaltCap’s help, Primekss has become one of the leading concrete contractors in Scandinavia, Israel and the Baltic States and has seen revenues almost triple to €23m between 2010 and 2013. With Primekss positioned to expand licencing and sales further, BaltCap sold the business to Germany’s Wermuth Asset Management in January 2014.
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