Firm at a glance
Livonia Partners is a platform private equity firm headquartered in Riga, Latvia, per its own website [S1].
What they buy
Livonia Partners has assembled a portfolio spanning technology, healthcare services, manufacturing, and telecommunications businesses, per publicly disclosed investments [S2]. The firm appears to focus on platform acquisitions across the Baltic region and Central Europe. Observed technology investments include software, EDI solutions, and unified communications providers, while non-technology holdings span healthcare clinics, manufacturing operations, and home climate equipment [S2].
Portfolio
Healthcare Services
Medicum (platform, acquired 2025) [S2]
Technology
Telema (EDI platform) [S2], Digmatix (software platform) [S2], Wildix (unified communications) [S2], Scoro (software, acquired 2018) [S2]
Manufacturing and Engineering
Bagfactory (platform, acquired 2023) [S2], CSUB (engineering/manufacturing platform, acquired 2021) [S2]
Home Climate and Telecommunications
BestAir (home climate solutions, acquired 2022) [S2], Cgates (telecommunications platform, acquired 2017) [S2]
Recent activity (last 24 months)
* **May 2025**: Acquired Medicum, a healthcare services business [S1]
* **2025**: Completed add-on acquisition of Fertilitas [S1]
* **2024**: Exited Freor [S1]
* **2024**: Exited Stebby [S1]
How this firm fits a seller
Livonia Partners maintains offices in Tallinn, Riga, and Vilnius, suggesting regional focus on Baltic and potentially broader Central European businesses [S1]. The firm’s recent activity demonstrates both acquisition appetite (Medicum platform in May 2025, Fertilitas add-on in 2025) and exit execution (two portfolio company sales in 2024) [S1]. For owner-operators in healthcare services, technology, or manufacturing sectors with operations or growth potential in the Baltic region, Livonia Partners represents an active acquirer with demonstrated platform-building experience across multiple verticals [S2]. The firm’s track record includes both organic platform development and add-on integration, as evidenced by the Fertilitas transaction following the Medicum acquisition [S1].
Sources
[S1] https://www.livoniapartners.com (as of 2025-05-20)
[S2] https://www.livoniapartners.com/investments (as of 2025-05-20)
Frequently asked questions
Does Livonia Partners buy healthcare services businesses?
Yes, Livonia Partners has demonstrated active interest in healthcare services, most recently acquiring Medicum as a platform investment in May 2025 and subsequently adding Fertilitas as an add-on in 2025 [S1]. This represents the firm’s publicly disclosed healthcare platform within its portfolio [S2].
What companies has Livonia Partners acquired recently?
Livonia Partners acquired Medicum in May 2025 and completed an add-on acquisition of Fertilitas in 2025 [S1]. Earlier platform acquisitions include Bagfactory in 2023 and BestAir in 2022 [S2].
Where is Livonia Partners based and how big is the firm?
Livonia Partners is headquartered in Riga, Latvia, with additional offices in Tallinn, Estonia, and Vilnius, Lithuania [S1]. Fund size and assets under management are not publicly disclosed in available sources as of May 2025.
Is Livonia Partners still actively acquiring?
Yes, Livonia Partners remains actively acquiring, having completed the Medicum platform acquisition in May 2025 and the Fertilitas add-on transaction in 2025 [S1]. The firm also executed two portfolio company exits in 2024, suggesting active portfolio management [S1].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.