Plaza Venture Partners

The new private equity fund starts its activities

UAB „City Plaza“ is changing its business model from investment company to private equity funds management company. Most of the companies owned by UAB „City Plaza“ will be transferred to the newly established private equity fund named Turnaround Baltics I. The fund‘s investment strategy is based on previous experience of management team and will focus mainly on investments into distressed situations in Baltics. Reorganization will be completed in January 2014, and the fund will own these companies of Plaza Group: UAB „Biseris“, UAB „Nepriklausomos energijos paslaugos“, UAB „Windex“ (together with UAB „BBK LT“). Mr. Igoris Calovas, Mr. Konstantinas Pesenka and Mr. Laurynas Remeika will act as the partners of a newly established fund management company – PLAZA Venture partners.

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