UnifiedPost acquisition of 95% stake in Fitek

5/4/2019

Private acquisition

Status:

Announced

Date:

5/4/2019

Overview:

Belgian fintech firm UnifiedPost has agreed to acquire a 95% stake in the Baltic-based group Fitek from BaltCap.
Fitek focuses on financial automation processes and operates in the Baltics, the Czech Republic and the UK among other countries.

Prin Shasiharan - Researcher

Jurisdictions:

Estonia
Latvia
Lithuania

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Financial services
Technology and telecommunications

Firms:

Cobalt

Party: UnifiedPost (Acquirer)

Lawyers: Andrejs Lielkalns, Guntars Zile, Juozas Rimas, Ott Aava, Peeter Kutman

Ellex

Party: BaltCap (Seller)

Lawyers: Jaanus Ikla, Sven Papp

Quorum

Party: UnifiedPost (Target)

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