Northern Horizon Capital AS Announces Share Purchase Agreement
Northern Horizon Capital AS has made a significant announcement regarding the management of the Baltic Horizon Fund. The company is set to transfer the ownership of its shares, marking a pivotal moment for its strategic direction within Nordic social infrastructure investing.
Details of the Share Transfer
The agreement involves the sale of all 12,500 shares owned by the sole shareholder, Northern Horizon A/S, to the private investment firm Grinvest. This contract underscores the commitment to enhancing the operational effectiveness and investor relations of the Baltic Horizon Fund.
Grinvest, which is well-known for its expertise in the commercial real estate domain, has been a significant investor in the Baltic Horizon Fund through its Estonian subsidiary. The agreement is poised to foster a fruitful collaboration between both companies.
Ownership Distribution and Transition
As per the recent share purchase agreement, the ownership will be divided among three Lithuanian nationals—Antanas Anskaitis, Antanas Danys, and Tomas Milašauskas. The share acquisition will see Anskaitis receive 4,168 shares, while both Danys and Milašauskas will acquire 4,166 shares each.
Following the completion of regulatory reviews, the transaction is expected to close swiftly, ensuring a seamless transition of management responsibilities.
Investment Strategy Moving Forward
This strategic decision arises in response to the evolving landscape of the Baltic investment market. The goal is to allow Northern Horizon to concentrate on core operations and leverage Grinvest's expertise in real estate for long-term benefits.
Christoffer Abramson, Group CEO of Northern Horizon A/S, expressed confidence in this transition, stating it aligns perfectly with their vision for the future of the Baltic Horizon Fund. He emphasized the importance of having partners who bring a wealth of experience and knowledge, particularly in turning around challenging investment scenarios.
Commitment to Stakeholders
Grinvest has assured a continuous commitment to the stakeholders of the Baltic Horizon Fund. Anskaitis remarked on the intention to actively engage with all involved parties to promote trust and foster growth as soon as the transaction receives official closure.
For the time being, the management setup of the Baltic Horizon Fund remains stable, with the current team managing operations effectively until the sale's completion. Any future changes in the management structure or team will be communicated to ensure a smooth transition.
Contact Information for Inquiries
For further details about this share purchase agreement or the Baltic Horizon Fund, interested parties can reach out to:
Christoffer Abramson
Group CEO of Northern Horizon A/S
Email: christoffer.abramson@nh-cap.com
Website: www.baltichorizon.com
Contact at Grinvest:
Antanas Anskaitis
Email: antanas.anskaitis@grinvest.sg
Both firms aim to provide updates as developments continue, ensuring that all stakeholders are kept informed.
Frequently Asked Questions
What is the significance of the share transfer?
The transfer of shares aims to strengthen the operational focus of the Baltic Horizon Fund and leverage the expertise of Grinvest in the real estate sector.
Who are the new owners of Northern Horizon Capital AS?
The shares are acquired by Antanas Anskaitis, Antanas Danys, and Tomas Milašauskas, all experienced investors in the region.
When is the transaction expected to close?
The transaction is anticipated to close quickly following the necessary regulatory approvals.
How will this change impact existing operations?
The current management team will continue to oversee operations until the transaction is finalized, ensuring stability for the fund.
Where can I find more information about Baltic Horizon Fund?
For more information, you can visit their website at www.baltichorizon.com.
