Civinity announced an additional bond issue of up to 15 million euros as part of the bond program prospectus approved by the Bank of Lithuania for up to 50 million euros and their inclusion in the regulated market Nasdaq.
This is another step by Civinity Group in the capital markets aimed at directing the raised funds towards the further growth of the group, financing acquisitions, and managing the capital structure.
Key terms of the offering:
– issue volume — up to 15 million euros;
– nominal value of one bond — 1000 euros;
– interest rate — 10%;
– yield — 9.5% or 10% depending on the purchase price of the bond chosen by the investor;
– offering period — from May 27 to June 10, 2026;
– minimum subscription volume — 1 bond.
"The capital market for us is not a one-time source of financing. It is a long-term element of our growth strategy. In recent years, we have proven that we can grow, integrate acquired companies, and scale our operations. The new bond issue allows us to continue this direction and finance the next stage of growth," said the Chairman of the Board of Civinity Group, Deividas Jacks.
According to audited data, in 2025, Civinity Group's revenue reached 100.4 million euros, an increase of 13.4% compared to the previous year, while EBITDA grew by 18% to 8.3 million euros. Profit before tax amounted to 2.83 million euros. According to the group's management, these results reflect not only the increase in the scale of operations but also the growth in operational efficiency.
Recently, Civinity has been actively developing several areas: building management and maintenance, engineering services, renovation, mobility solutions, digital products, and value-added services. The group also announced acquisitions outside the Baltic States, including the completed purchase of elevator engineering companies in Croatia and Slovenia.
The history of Civinity bonds began in 2021 when the group placed its first issue of 8 million euros. In 2023, the second bond issue of 8 million euros attracted significant investor interest and was fully placed even before the end of the offering period. In 2025, the group approved a bond program of up to 50 million euros, including their listing on the regulated market AB Nasdaq Vilnius.
The organizer of the bond placement is Luminor Bank through its Lithuanian branch; additional distributors in Latvia and Estonia are AS Redgate Capital and UAB Evernord. The legal advisor for the issue is the law firm TEGOS.
"Thanks to this offering, investors from the Baltic States have the opportunity to invest in a mature company with a stable cash flow, whose annual turnover has already exceeded 100 million euros. This is an opportunity to participate in the company's growth and its international expansion. Attracting financial resources in the capital markets allows Baltic companies to gain competitive advantages and grow faster than the market," noted Gediminas Norkunas, Head of Securities Origination at Luminor Bank.
Civinity is one of the largest groups in Northern Europe and the Baltic States in the field of building maintenance, engineering, and related digital services. The group operates in Lithuania, Latvia, and the United Kingdom, as well as in Southern Europe — in Croatia and Slovenia; manages over 5 million square meters of residential real estate; serves more than 1600 commercial clients.
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