Get in touch

Merito invests in good companies with a mission to help them develop into great and sustainable companies

Livlande Agro
Acquisition of a livestock farming company

Contact Us
thumbnail

Acquisition of a livestock farming company.

SectorLivestock farming
CountryLatvia
Entry2026
Fund Size€9.1M
Expected IRR15%+
PerformanceOn Plan
First Close03-2026
TermEvergreen
Investors30
  • Livlande Agro - internally “Project Truffle.” Closed on June 2026 and is one of the largest local-capital buy-outs in Latvia.
  • Livlande is the second-largest pig farming group in Latvia, with approximately 20% of the domestic market. It operates four farms – two near Cēsis, two near Bauska – producing over 100,000 finisher pigs per year. The business is vertically integrated: it grows a significant share of its own feed on 1,414 hectares of owned arable land and over 400 hectares of leased land, generates solar energy on-site, and uses pig manure as fertilizer in a closed-loop system.

Investment Thesis

Evergreen investment in a high cash-flow business to support shareholder succession. Total enterprise value was financed by €9 million of equity, €11m of bonds, and several million euros of deferred payments. Merito and co-investors contributed €9.1 million in equity. A private placement of €11.0 million in senior secured bonds - arranged by Signet Bank - was oversubscribed and provided the debt component.

Related News
View All Investments