BPM Mezzanine Fund has financed the acquisition of Latvian dairy company Smiltenes Piens, aiming for growth in both domestic and export markets under new ownership.

Information on the Target

BPM Mezzanine Fund SICAV-SIF, SCA (BPM) has facilitated the financing for the acquisition of Smiltenes Piens, a prominent Latvian dairy company. Known for its high-quality product range, Smiltenes Piens specializes in dairy drinks, cottage cheese, and has a notable selection of cheese products that are highly favored in the Latvian market. Under the leadership of the new owner, Mr. Armands Kovaldins, the company's strategy aims to reinforce its strong domestic presence while simultaneously expanding its export footprint.

Industry Overview in Latvia

The dairy industry in Latvia has historically been a vital sector, contributing significantly to the national economy. Latvia's dairy producers benefit from rich agricultural resources, which support high-quality milk production necessary for a variety of dairy products. The industry is characterized by a competitive landscape where quality, safety, and innovation play pivotal roles in market positioning.

In recent years, Latvia's dairy sector has seen a growing demand for organic and premium dairy products, resulting from a shift in consumer preferences toward healthier options. This trend has opened up lucrative opportunities for companies tha