Northern Horizon Capital AS Pursues Strategic Share Sale
Northern Horizon Capital AS, known for its management of the Baltic Horizon Fund, has made significant strides in the investment sector by announcing that its sole shareholder, Northern Horizon A/S, has signed an agreement to sell all its shares in the company.
A Partnership with Grinvest
The agreement involves the transfer of 12,500 shares, which will now be owned by partners at Grinvest, a private investment company. This company, through its Estonian subsidiary, has already established itself as the largest investor in the Baltic Horizon Fund. The ownership will be split among three key figures from Lithuania: Antanas Anskaitis, Antanas Danys, and Tomas Milašauskas. Each will acquire a significant portion of shares, allowing them stronger influence over BHF's management.
Key Details of the Transaction
This transaction, which will be finalized upon receiving necessary regulatory approvals, symbolizes a pivotal moment for both Northern Horizon Capital AS and Grinvest. Christoffer Abramson, the Group CEO of Northern Horizon A/S, highlighted the strategic nature of this decision, expressing trust in Grinvest's capabilities to manage and grow the fund's investments effectively.
Strategic Shift in Focus
According to Abramson, this sale allows Northern Horizon to concentrate on its core operations, particularly in the area of social infrastructure investments in the Nordic region. The leadership team at Northern Horizon retains control over the operations until the sale is complete, ensuring continuity during this transition.
Future Engagement with Stakeholders
Antanas Anskaitis emphasized Grinvest's commitment to enhancing the fund's value, stating that they are prepared to face the challenges and complexities BHF has encountered in recent years. He expressed eagerness to work closely with all BHF stakeholders to ensure the fund's long-term success.
About Baltic Horizon Fund
Baltic Horizon Fund is recognized as a registered contractual public closed-end real estate fund and is managed under the regulatory framework provided by Northern Horizon Capital AS. This fund focuses on strategic investments in commercial properties throughout the Baltic region.
Understanding Grinvest's Expertise
Grinvest is distinguished as a private investment firm specializing in commercial real estate, transportation, and infrastructure. Their deep-rooted knowledge and proven track record in the real estate market position them as capable custodians of the Baltic Horizon Fund's future.
Contact Information
For more insights or inquiries regarding this transaction, please reach out to:
Christoffer Abramson
Group CEO, Northern Horizon A/S
E-mail: christoffer.abramson@nh-cap.com
Grinvest inquiries: Antanas Anskaitis
E-mail: antanas.anskaitis@grinvest.sg
Frequently Asked Questions
What does the share sale mean for Northern Horizon Capital AS?
The sale allows Northern Horizon Capital AS to focus on its core operations, enhancing its strategic investments in Nordic social infrastructure.
Who are the new owners of the shares in Northern Horizon Capital AS?
The shares will be owned by partners from Grinvest: Antanas Anskaitis, Antanas Danys, and Tomas Milašauskas.
Will there be any changes in the management team of BHF?
No immediate changes are expected; the current management team will remain in place until the transaction is finalized.
What is Grinvest's expertise?
Grinvest specializes in commercial real estate, transportation, and infrastructure, with extensive experience in these sectors.
How can I learn more about the Baltic Horizon Fund?
To stay updated, visit the Baltic Horizon Fund's official website for announcements and news.
