BGF has exited its investment in LIVIN, selling a controlling stake to Ogmios Group, marking a significant return for investors and positioning LIVIN for future growth in the healthy lifestyle market.

Information on the Target

BGF has successfully exited its investment in LIVIN, the foremost healthy lifestyle retailer in the Baltics, by selling a controlling stake to Lithuania’s Ogmios Group. This transaction signifies a substantial return for BGF's investors, which include Swedbank and Luminor pension funds. Since entering into a partnership with BGF in 2019, LIVIN has transformed into a prominent multi-channel retailer, currently managing 21 stores alongside expanding its e-commerce and wholesale operations.

During its growth phase, LIVIN reported a remarkable increase in revenues, nearly quadrupling to exceed €20 million, while its EBITDA soared sixfold. The company is eager to maintain its upward trajectory under new ownership, as highlighted by Bernardas Tautkus, CEO of LIVIN. He expressed enthusiasm about collaborating with Ogmios Group, particularly in leveraging synergies with their premium food retail chain, Assorti, while the current management team will remain intact to ensure continuity.

Industry Overview in Lithuania

The healthy lifestyle sector in Lithuania has experienced significant momentum in recent years, mirroring global trends toward health-conscious consumer behavior. With an increasing emphasis on wellness, a variety of r