K2 LT_share issue

Pranešimas žiniasklaidai
June 1, 2015
AB K2 LT has successfully completed the placement of shares and attracted new
investors
Bank Finasta and M&A International Baltic acting as co-managers have completed the
placement of new shares of K2 LT, whose main activity - cremation services. Orion Securities
has also contributed as a sales agent.
By properly structuring new equity offering, 1 million euros for company activities expansion was
attracted during the non-public offering of shares, as well as over 65 new investors with a total
investment of more than 4 million euros became company new shareholders.
„We are proud to be part of K2 LT success story. Finasta saw the huge potential of the company and
supported it from a very beginning, when the project was still in a greenfield stage. We are happy to
see company‘s continuous steps in attracting new capital for the development and future growth. This
is a great example for the capital markets, how existing shareholders attract new investors by offering
them an independent management board election and a clear and constant dividend payment policy.
When organizing the private placement and introducing the project for the limited number of investors,
Finasta saw the great interest from the market. This project shows that if properly structured, financing
through capital markets is a great alternative long term financing source not only for large companies,
but also for small and medium enterprises (SME). We encourage more SME to choose this path.“ –
said Andrej Cyba, Chairman of the Board, Bank Finasta.
"In the middle of 2014 K2 LT shareholders hired M&A International Baltic with the aim of finding an
investor for the company. After several rounds of negotiations with a large number of regional and
Western Europe financial and strategic investors, it was decided to supplement offering with the
possibility to place shares during non-public offering and listing equity in the alternative First North
market. We are happy that K2 LT received adequate market evaluation and thank all of those who
contributed to the successful completion of this transaction - the co-manager bank Finasta, law firm
Dominas & Partners and placement agent Orion Securities. We hope that the first Lithuanian company
on the First North market will quickly gain followers."- said Šarūnas Skyrius, partner in M&A
International Baltic. M&A International Baltic is also the certified adviser of K2 LT.
K2 LT became the first Lithuanian company, whose shares were listed on the First North alternative
market.
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About bank Finasta
Bank Finasta managed by Invalda INVL was founded in 2008. Bank specialization - investment and private
banking services. The Bank provides comprehensive investment and financial management services to private
and business customers.
About M&A International Baltics
M&A International Baltics (“MAIB”) is a part of M&A International Inc. – global leader in mid-market M&A advisory
Founded in 1985, M&A International Inc. offers the unparalleled resources of over 600 professionals in 46 M&A
advisory and investment banking firms operating in 40 countries. M&A International Inc. is a unique organization
combining local market knowledge with global reach. Since 2010 the company completed over 1400 transactions
with a combined value exceeding USD 75 billion.
M&A International Baltics provides mergers, sales and acquisitions and capital raising advisory services from its
offices in the three Baltic capitals. Our area of activities extends from the Baltic and Nordic countries to the CEE
and CIS regions. We rely on a tailor-made approach based on our extensive contacts with regional industrial and
opinion leaders. The core of our team has worked together since 1999, completing over 150 transactions with a
combined value exceeding EUR 3.5 billion.
Finasta © 2015
Pranešimas žiniasklaidai
About „K2 LT“
At the end of November 2011 Lithuanian capital company K2 LT opened the first crematorium in Lithuania. In
2012 K2 LT was awarded the Gold Medal as „Lithuanian Product of the Year 2012“ in the category of services in
the Confederation of Lithuanian Industrialists Awards. In 2013 in National Responsible Business Awards (NAVA)
competition the company was awarded the nomination "The most environmental company" - for solving the
strategic economic and environmental issues by offering alternative burial method.
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More information:
Andrej Cyba
CEO
Bank Finasta
Phone: +370 620 68392
Email: [email protected]
Šarūnas Skyrius
Partner, M&A International Baltics
Phone: +370 687 52908
Email: [email protected]
Finasta © 2015