Supported by KPMG Baltics SIA, BaltCap Private Equity Fund signed an agreement to acquire a 100% stake in SIA Senior Baltic, the contemplated transaction is to be carried out through its portfolio company Adoro SIA
KPMG Baltics SIA (Advisory) acted as the buy-side advisor on the contemplated transaction and carried out a financial and tax due diligence of SIA Senior Baltic. At completion of the transaction, which is subject to the approval of the Latvian competition authorities, Adoro SIA, a BaltCap portfolio company, which manages the social care centre Dzives Abece, will acquired SIA Senior Baltic, which manages the social care centre Dzintara Melodija. The investment is part of the strategy of Adoro SIA to create a leading network of social and health care establishments that provide high quality care services in Latvia.
Dzintara Melodija is a modern elderly home with 202 beds that opened in Riga, the capital of Latvia, in 2013. The 5830 m2 4-floor facility is a purpose-built institution for elderly care. It incorporates all relevant features, including special-purpose rooms for care and leisure, elevators, wide corridors, and single and double rooms for the residents. Dzintara Melodija employs more than 70 medical, nursing, and care specialists.