Completion of Ownership Transfer at Northern Horizon Capital
Northern Horizon Capital AS, known for managing the Baltic Horizon Fund, recently announced a significant development: the ownership transfer of the company. The previous sole shareholder, Northern Horizon A/S, has officially sold its shares to a group composed of Antanas Anskaitis, Antanas Danys, and Tomas Milašauskas. This strategic move marks a new chapter for the company, aiming to enhance its investment capabilities.
Strategic Focus After Ownership Transition
The transition is set to shift the strategic focus towards expanding the company’s healthcare funds. This is an essential part of strengthening Northern Horizon’s stature as a top-tier entity in the realm of social infrastructure investments, particularly within the Nordic region. Group CEO Christoffer Abramson expressed enthusiasm over the sale completion, emphasizing their commitment to growing these priority investment sectors.
Assurance to Stakeholders
In his remarks, Abramson assured that the new ownership group, now the largest unitholder directing Baltic Horizon, is fully committed to accountability and transparency. Antanas Anskaitis, representing the new ownership, underscored their responsibility to stakeholders, highlighting plans to foster operational competitiveness within the fund's portfolio and solidify its financial structure.
Upcoming Structural Changes
The recent change in ownership will bring about crucial alterations in the management structure. Immediate changes include the resignation of Lars Ohnemus, Nerijus Zebrauskas, and Daiva Liubomirskien? from the Supervisory Board of the Management Company. The new Supervisory Board is now formed by Antanas Anskaitis, Antanas Danys, and Tomas Milašauskas.
Management Board Adjustments
Moreover, Aušra Stankevi?ien? and J?rat? Gaspari?nien? have resigned from the Management Board, which will now consist of Tarmo Karotam and Gerda Bliuvien?. Additionally, Antanas Anskaitis will no longer serve on the Supervisory Board of the Baltic Horizon Fund, with Piret Jõhvik taking charge as the new Risk Control and Compliance Manager fully dedicated to the Management Company.
Future Direction and Name Change
Alongside these management alterations, Northern Horizon Capital AS has announced its intention to change its business name to Baltic Horizon Capital AS, subject to registration approval. The revitalized management team will share updates regarding strategic directions and priorities following the release of upcoming results.
Contact Information
For inquiries:
Christoffer Abramson
Group CEO of Northern Horizon A/S
Email: christoffer.abramson@nh-cap.com
Contact at Grinvest:
Antanas Anskaitis
Partner at Grinvest
Email: antanas.anskaitis@grinvest.sg
The Baltic Horizon Fund operates as a registered contractual public closed-end real estate fund, managed by Northern Horizon Capital AS, a holder of an Alternative Investment Fund Manager license.
Grinvest is a private investment firm focusing on commercial property, transport, and infrastructure projects.
Frequently Asked Questions
What is Northern Horizon Capital AS?
Northern Horizon Capital AS is a management company that oversees the Baltic Horizon Fund, focusing on real estate investments in the Nordic region.
Who are the new owners of Northern Horizon Capital AS?
The new owners are Antanas Anskaitis, Antanas Danys, and Tomas Milašauskas, who acquired shares from Northern Horizon A/S.
What changes will occur after the ownership transfer?
There will be changes in the management structure and a renewed focus on expanding healthcare funds and social infrastructure investments.
Will the company change its name?
Yes, Northern Horizon Capital AS plans to change its name to Baltic Horizon Capital AS, pending approval.
How can I contact the company for more information?
You can contact Christoffer Abramson at christoffer.abramson@nh-cap.com for more inquiries.
