Portfolio

Gummiimpex logo

Gumiimpex
Gumiimpex d.o.o. manufactures technical rubber products, recycles tires, and sells & distributes tires related products for commercial vehicles. The company currently operates in Croatia and is a market leader in its sector, with a consolidated turnover of close to EUR 60m in 2021. www.gumiimpex.hr.

Alwark company logo

Alwark Group
Alwark is providing services of sales, rental, and maintenance of material handling, warehouse, seaport, airport equipment and municipal machinery. The Company operates in all Baltic states – Lithuania, Latvia, and Estonia and maintains over 3.500 industrial equipment units in the region. The consolidated turnover of the Group in 2020 exceeded EUR 43 million.www.alwark.lt.

Baltik Vairas logo

Baltik Vairas
Baltik Vairas is one of the leading bicycle producers in the European market, based in Šiauliai, Lithuania.www.baltikvairas.lt.

Elan logo

ELAN
Elan d.o.o. is one of the world’s leading sporting goods companies. Elan was founded in 1945 and operates under four main divisions: 1) Winter sporting equipment, where Elan is a world recognized innovator and leader, 2) Advanced high-performance racing and leisure sailing yachts 3) Engineered solutions for large multi-purpose arenas and stadiums world-wide 4) Highly-technical advanced composite components utilized in renewable energy. www.elan.si.

Tahe Outdoors company logo

Tahe Outdoors
Tahe is an Estonian company manufacturing and distributing high-quality watersports equipment. Main products are kayaks, canoes and paddling equipment – the company offers a wide selection from high-end custom-made products to budget models. Tahe operates with 5 brands of watersport equipment and it has 3 factories located in Estonia, Germany and France with 130 employees. The Company’s sales network covers more than 35 countries worldwide. Over 95% of the sales are generated from outside of Estonia.www.taheoutdoors.com.

Don Don logo

Don Don
Don Don d.o.o. is the leading industrial bakery operator in former Yugoslavia headquartered in Grosuplje, Slovenia. The company employs ca. 1500 persons today and is engaged in manufacture of bread, fresh pastry goods, cakes and similar products and produces over 500.000 pieces of baked products per day. Don Don annual sales are close to EUR 90 million. KJK Funds invested into Don Don in 2014 and 2015. KJK Funds own 41% of Don Don. www.dondon.si.

Tomplast logo

Tomplast
Tomplast group’s main activities are production of plastic components and has in total 290 employees in two locations in Slovenia with ca. EUR 40 million sales (2015). Main clients of the Company are European tier-1 automotive suppliers and companies Electrical, Power Tools, Home Appliances, Furniture and Gardening. KJK Funds acquired Tomplast in 2016 and controls 100% of it together with the company’s management. www.tomplast.si.

Iskra ISD logo

Iskra
Iskra ISD consists of a group of companies, which are engaged in processing of metal and plastics. The group of companies based in Kranj, Slovenia, is a mass producer of constituent parts and components for automotive, electronics industry and for household appliances. Companies in the Iskra ISD group currently employ over 500 people and has sales of ca. EUR 40 million. KJK Funds acquired a majority stake in Iskra in 2014. www.iskra-isd.si.

Eurohold logo

Eurohold
Eurohold Group, established in 1995 has expanded to become one of the largest independent financial services groups in the CEE/SEE region. Its operations span across Bulgaria, Romania, Macedonia, Ukraine and Serbia. The non-life insurance business, which is the main part of the company, operates under the Euroins brand. KJK invested in Eurohold in 2014 and owns 12% of the group. The company is listed on Sofia and Warsaw Stock Exchanges. www.eurohold.bg.

Baltika logo

Baltika
Baltika Group is an international fashion retailer with EUR 50 million sales operating in the Baltic countries and Eastern Europe, its shares are listed on Tallinn Stock exchange. The Group operates six retail concepts: Monton, Mosaic, Baltman, Bastion and Ivo Nikkolo. It uses a vertically integrated business model that combines collection design, manufacturing, supply chain management, logistics and retailing. The Group employs 1.070 people and has 130 stores in seven different countries. In addition to main markets in the Baltic countries, Baltika has currently franchise shops in Ukraine, Russia, Belarus and Spain. KJK is the largest shareholder in Baltika owning 32% of the company. www.baltikagroup.com.

Tallink logo

Tallink
AS Tallink Grupp is the leading European ferry operator offering high-quality mini-cruise, passenger transport services and ro-ro cargo services in the Baltic Sea. In addition, Tallink operates five hotels. The company owns the most modern fleet of 16 vessels in the Baltic Sea. The services are provided under the brand names “Tallink” and “Silja Line” on routes between Estonia and Finland, Finland – Sweden, Estonia – Sweden and Latvia – Sweden. Tallink maintains the leading market position on all its main routes. In 2015, Tallink achieved EUR 945 million sales and EUR 181 million EBITDA. The company’s shares are listed on Tallinn stock exchange. www.tallink.com.

Kovinoplastika company logo

Kovinoplastika Loz
In December 2016 KJK Fund II Balkan Discovery closed the acquisition of Kovinoplastika Loz dd. Kovinoplastika Loz is a globally active production company with EUR 60 million sales and ca. 700 employees, headquarters in Loz, Slovenia. It focuses on production of fittings, kitchen sinks, components and tools, through three main business units: Fittings, Inox, and Toolshop. KJK Balkan Discovery Fund owns 89% of Kovino as of now and is in the process making a mandatory buyout offer for Kovino’s minority shareholders. Kovinoplastika provides unique products and solutions to a vast variety of industries and end-users. It caters to the automotive and construction industry and furniture industry (hardware market), to the HORECA industry, as well as to do-it-yourself enthusiasts and homemakers alike. The company not only offers top quality products to a wide range of customers, but also uses the unique product portfolio to achieve substantial R&D synergies. Company’s fittings and inox products maintain their quality, by closely cooperating with each other and with the Toolshop (and vice-versa), resulting in out-of-the-box solutions that generate growth giving Kovinoplastika Group the edge over competitors.
www.kovinoplastika.si 

PAST INVESTMENTS

CompanyCountrySectorExit year
TomplastSloveniaIndustrials2022
Leader 96BulgariaIndustrials2022
AgronomCroatiaAgri2021
Teraplast SARomaniaIndustrials2020
ConpetRomaniaUtilities2018
Zentiva SA RomaniaPharmaceutics2018
Aerodrom Nikola TeslaSerbiaAirport2018
TransgazRomaniaUtilities2017
Baltic Property Trust OptimaLuxembourgFinancials2016
Utenos TrikotazasLithuaniaIndustrials2016
KitronNorwayIndustrials2016
Baltic Property Trust SecuraDenmarkFinancials2015
Rokiskio SurisLithuaniaFood2015
Lietuvos DujosLithuaniaUtilities2014
Klaipedos BaldaiLithuaniaIndustrials2014
Montenegro TelekomMontenegroTelecommunication2014
City ServiceLithuaniaFinancials2013-2014
Lietuvos Juru LaivininkysteLithuaniaIndustrials2013
Vilniaus BaldaiLithuaniaIndustrials2013
InvaldaLithuaniaFinancials2013
Teo LtLithuaniaTelecommunication services2012
JärvevanaEstoniaFinancials2012
Rytu Skirstomieji TinklaiLithuaniaUtilities2011-2014
Tallinna VesiEstoniaUtilities2011-2013
SnaigeLithuaniaIndustrials2011-2012
SanitasLithuaniaHealth Care2011
AprangaLithuaniaConsumer goods2010-2015
ViisnurkEstoniaIndustrials2010-2012
Trigon Property Develop.EstoniaFinancials2010-2012
Rigas Kugu BuvetavaLatviaIndustrials2010-2011
NormaEstoniaIndustrials2010
GrindeksLatviaHealth Care2010
Pieno ZvaigzdesLithuaniaConsumer staples2010