Civinity has issued a private bond offering with a nominal value of EUR 8,168 million
2025.06.18
One of the largest building maintenance and engineering solutions groups in the Baltics, Civinity, has issued a new private bond placement with a nominal value of €8.168 million. These are zero-coupon bonds.
The new bond issue was fully subscribed by the private debt fund INVL Bridge Finance, managed by INVL Asset Management—the leading alternative asset manager in the Baltics and part of the Invalda INVL group.
The purpose of the issue is to refinance a previous €5.7 million bond issue that was redeemed in July 2024 by the same fund, INVL Bridge Finance. Additionally, €1 million from the new bond proceeds will be used to finance other operational needs of the Civinity group.
“When financing companies, we agree in advance on the financing process and key milestones. Upon achieving these, we aim to continue our collaboration. The case of Civinity is exactly that—this follow-on financing decision was made considering the company’s performance, responsible management, and clear long-term strategic direction. Our goal as a private debt fund is to be a reliable partner for companies that consistently pursue growth,” said Viktorija Vaitkevičienė, Managing Partner at INVL Bridge Finance.
According to Civinity CEO Virgeda Jackaitė, the bond issuance model has proven to be a flexible and reliable business financing method, and the group intends to continue following its alternative financing strategy.
“We see a clear benefit in this strategy—it allows us to quickly secure the necessary funds and adapt to the needs of our growing business. This provides us with flexibility in decision-making and strengthens our financial stability. We’re pleased that strong players in the financial market, such as the Invalda INVL group’s fund, place their trust in us,” said Civinity CEO Virgeda Jackaitė.
The privately placed bonds are zero-coupon, with a maturity of 22 months and the option for early redemption. Other transaction details have not been publicly disclosed.
About Civinity Group
Civinity is an urban lifestyle company that unites businesses providing building maintenance services and developing engineering and technological solutions in the Baltics and the United Kingdom. The group consists of more than 30 companies with over 1,600 employees. In 2024, Civinity reported revenue of €88.5 million and a Pro Forma EBITDA of €7.4 million.
About INVL Bridge Finance Fund
The private debt fund INVL Bridge Finance is managed by INVL Asset Management, the leading alternative asset manager in the Baltics and part of the Invalda INVL group. This open-ended fund for informed investors invests in privately placed bonds of private companies. Currently, INVL Bridge Finance has a portfolio of six companies operating in Lithuania and Latvia. As of the end of May 2025, the fund’s net asset value stood at €40.3 million.
The Invalda INVL group manages or oversees assets worth over €1.9 billion, which include investments in private equity, forest and agricultural land, renewable energy, real estate, and private debt. The group also provides family office services in Lithuania, Latvia, and Estonia, manages pension funds in Latvia, and invests in global third-party funds. More information is available at www.invl.com.