Resource Partners

Our portfolio company, Baltcom, has invested around EUR7 million since 2015 in modernizing its infrastructure and services. In 2016, Baltcom obtained mezzanine financing from a private investment fund, Providence Equity Partners,

The Riga Motor Museum organized its fifth competition for the safest company fleet.

Nicolas Jacques Boissinremains the CEO of our portfolio company Baltcom. Tina Lūse, the incumbent legal advisor, and Dmitry Nikitin, Director responsible for technology, joined the Management Board.In November 2016, Victoria Meikšāne, the CFO, left the company. Her responsibilities were taken over by Anda Aleksejeva.

Sixty percent of our portfolio company Baltcom's clients chose digital television. According to Konstantin Borovikov, Products and Services Director, traditional television is becoming less popular because the digital TV gives access to a greater number of channels with a better picture and sound quality.

Ardian and Resource Partners increase their commitment to Baltcom

Together with Ardian, an independent private investor, we increased our joint investment in Baltkom TV, Latvia’s largest cable television operator, by completing the buyout of a minority shareholder. This transaction strengthens our strategic partnership, having initially invested in Baltkom in May 2011.

Jointly we acquired the majority stake of SIA Baltcom, the largest Latvian cable television provider. This was the first joint investment by AXA Private Equity and us. Baltkom TV was established in 1991 in Riga. It is the largest cable television provider in Latvia. It offers analogue and interactive digital TV, high-speed internet and fixed line telephone services in 15 cities, with Riga being the major one. Baltcom has a next-generation network (NGN) and offers broadband internet and HD digital television.