Civinity, a group providing building maintenance, engineering, and technology solutions, has successfully completed a public bond offering under its bond programme of up to EUR 50 million.
During the offering, the group raised EUR 13.54 million (EUR 13 million in nominal value of bonds issued). This marks the largest amount raised in a single offering in Civinity’s history.
A total of 613 investors from Lithuania, Latvia, and Estonia participated in the offering. By country, the largest share of investments came from Lithuania, amounting to EUR 6.64 million, or 49% of the total funds raised. Latvian investors contributed EUR 4.53 million (33%), while Estonian investors accounted for EUR 2.37 million (18%).
The company highlights the particularly strong participation of Estonian investors: retail investors from Estonia invested EUR 1.78 million – nearly half of the amount invested by Lithuanian retail investors – despite Civinity not currently operating in Estonia.
The company indicates that it plans to continue its bond programme, with the funds raised primarily intended to finance the group’s expansion and acquisitions in foreign markets.
TEGOS lawyers Dalia Augaitė, Nortautas Zenevičius, Paulius Žaliauskas and Agnė Pimpytė advised Civinity on its bond issue.
