Venture capital fund Practica Venture Capital managed by Practica Capital, at the end of 2015 closed the deal, regarding 1.5 million EUR investment in East West Agro – one of the leading agriculture machinery and spare parts seller in the Baltics. The total amount of the long term investment agreement, together with bank Swedbank – 6 million EUR.

“This Practica Capital investment, was one of the main keystones that allowed us to become an official representatives of Massey Ferguson (part of AGCO) and build the foundation for future business growth in Lithuania and the Baltics. The total investment, made by venture capital fund and bank Swedbank, solved all the funding problems a few years upfront, unless we will grow even faster than planned”,- said Danas Šidlauskas, CEO and one of the main shareholders of East West Agro.

One of Practica Capital partners, Petras Mičiūnas, stated: “Opportunity to invest in East West Agro seemed attractive for us, because of many factors: Massey Ferguson is a world known brand; company executives are young and ambitious, and they’ve already managed to achieve great results in Lithuania’s agriculture market; all the products that company offers, are well-balanced and very attractive for majority of agriculture machinery buyers. To add, the history and traditions of agriculture in Lithuania, sets great foundation for company to grow in this market. We expect a long-term successful collaboration with this company.”

Agreement financial advisor – Orion Securities; legal advisor – Cobalt.