FERN Group, backed by INVL Baltic Sea Growth Fund, completes EUR 8 million public bond issuance

FERN Group, a leading engineering solutions group in Lithuania and a portfolio company of INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic region, completed a public offering of EUR 8 million in bonds. The bonds with a 2-year term were offered to retail and institutional investors in the Baltic States.

“This is the first time we enter the capital market and the successful placement of the bond issue shows that investors have confidence in our group and believe in what we do,” said Vilija Zapalskienė, CEO of FERN Group and its subsidiaries.