Track Record
GECO Investicijos
Decarbonising district heating
Following new legislation that enabled independent energy production, the business was established in 2011 to develop sustainable heat generation solutions. Early biomass boiler projects validated the model, leading to a joint venture with Danpower in 2014.
From 2014 to 2019, the company scaled significantly—developing new biomass cogeneration plants, acquiring two boiler houses in Vilnius, and integrating upstream through the acquisition of Pusbroliai, a key biomass supplier. This positioned the group as the largest green heat producer in the region, diversified its revenue streams, and reduced margin volatility.
In 2019, a majority exit was completed to ANTIN Infrastructure Partners, with the remaining minority stake sold in 2023.
Mokilizingas
Digitalisation of Consumer Finance
In 2013, an under-managed consumer finance company was acquired from the troubled SNORAS Bank, forming a joint venture with LHV Bank (Estonia). The company underwent rebranding and strategic separation from its legacy structure, with a sharp repositioning toward digitalisation.
Between 2014 and 2018, growth was driven by the development of automated e-commerce financing tools, the launch of innovative products like Pay3 and a flexible branded credit card, new partnerships with major DIY retailers and telecom operators. The company also expanded into Latvia.
A full exit to Inbank was completed in 2018.
KESKO Senukai Digital
Raising e-commerce leader
The company was established in 2015 as a joint venture between a leading DIY retail group, a family office, and an investment boutique. Over the next two years, it developed an in-house e-commerce platform, enhanced warehouse and ERP systems, and introduced advanced fulfilment processes across all three Baltic states.
From 2017 to 2020, growth accelerated through the acquisition and integration of 1A — the second-largest e-commerce group in the Baltics. The business achieved remarkable resilience during the COVID lockdown, capturing nearly all redirected sales from brick-and-mortar channels and delivering 50% revenue growth.
A full exit to the remaining shareholders was completed in 2024.
