The Civinity group of companies, operating in the field of property management, has successfully completed the third stage of its public bond placement. During the placement, the company managed to raise €13.54 million (the nominal value of the bonds issued was €13 million).
This is the largest amount that Civinity has managed to raise in a single bond issue in the company's history.
A total of 613 investors from Lithuania, Latvia, and Estonia participated in the placement. The most active were private investors: there were 604 individuals, and the total investment reached €6.84 million, which accounts for 50.5% of the total raised amount. Institutional investors invested €6.71 million or 49.5% of the issue.
According to the Chairman of the Board of Civinity, Deividas Jacks, the results of the placement are important not only due to the record amount of funds raised but also because of the wide range of investors.
"We consider this bond issue successful. The amount raised has become the largest in our history, but even more important is that the placement generated significant interest from private investors. We plan to announce soon which specific deals will be financed from the proceeds of this bond issue," noted D. Jacks.
The placement took place from May 27 to June 10. The company intends to continue implementing its bond program, with the raised funds primarily directed towards business development and financing acquisitions in foreign markets.
High Interest from Private Investors
One of the most notable features of the placement was the activity of small investors. The average investment size of a private investor was about €11,300, and on one of the days, individuals invested approximately €2 million in Civinity bonds.
According to the company, this indicates the formation of a more active community of private investors in the Baltic States, who are increasingly choosing not only bank deposits and investment funds but also direct investments in bonds of regional companies with fixed income.
"For us, the capital market is not a one-time source of financing. We see that more and more private investors want to participate directly in growth stories of companies, especially if they are transparent and understandable: stable recurring income, growth through acquisitions, international expansion, and a clear business model," emphasized D. Jacks.
Lithuanians Invested the Most
Lithuania led in terms of investment volume — investors from this country invested €6.64 million, accounting for 49% of the total raised amount.
Investors from Latvia contributed €4.53 million (33%), while those from Estonia invested €2.37 million (18%).
The company particularly notes the activity of Estonian investors, despite the fact that Civinity is not currently operating in Estonia.
Among institutional investors, the most active were representatives from Latvia. Their investments amounted to €3.44 million, or about half of all institutional investments. Lithuanian institutional investors invested €2.91 million, while Estonian investors contributed €0.59 million.
"The activity of investors from Latvia and Estonia is a very important signal for us. Civinity has long ceased to be exclusively a Lithuanian company. We operate in several markets and are considering development on a broader European scale," noted D. Jacks.
According to him, the activity of institutional investors was somewhat lower than usual, which is related to the overall market situation. Some local institutional investors are currently paying more attention to liquidity management, partly due to changes in the pension savings system.
Revenues Exceeded €100 Million
In recent years, Civinity has been actively developing areas such as property management, engineering services, building renovation, mobility, and digital services.
In 2025, the group's revenue exceeded the €100 million mark for the first time, reaching €100.4 million. The EBITDA figure was €8.3 million.
The company has already announced its expansion beyond the Baltics, including the acquisition of companies operating in the elevator engineering sector in Croatia and Slovenia.
The group manages over 5 million square meters of residential real estate, serves more than 1,600 commercial clients, and has implemented over 300 engineering projects.
The organizer of the placement was the Lithuanian branch of Luminor Bank AS. Additional distributors in Latvia and Estonia were Redgate Capital and Evernord. The legal advisor for the issue was the law firm TEGOS.
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