Livonia Partners Fund I has sold 100% of Hortes, Estonia's leading gardening retail brand, to its management team, OU Hemm Arendus, enabling further development and growth in the industry.
Target Information
On November 24th, Livonia Partners Fund I completed the sale of 100% of its shares in Hortes, the leading gardening retail brand in Estonia. Hortes has established itself as a household name, recognized for providing quality gardening supplies and services to a loyal customer base.
The acquisition by OU Hemm Arendus, a company controlled by Hortes management, was strategically aimed at infusing new capital into the business. This investment will enable Hortes' management team to implement their vision for the company's future growth and expansion within Estonia.
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Industry Overview
Estonia’s gardening retail industry has experienced significant growth in recent years, spurred by an increasing interest in sustainable living and home gardening practic
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OU Hemm Arendus
invested in
Hortes
in
in a Buyout deal