Vilnius-based private equity fund LitCapital is investing in Lithuania's leisure and sportswear producer Audimas.
The Lithuanian Competition Council has received a request from LitCapital Asset Management and Audimas' current shareholders - AiirKapitalas, a company controlled by Rimvydas Povilaitis and Arvydas Povilaitis, and Ona Balzekiene - for permission to acquire joint control of the clothing producer. Sarunas Siugzda, LitCapital's founder and managing partner, told BNS that he could not comment on the deal until it was finalized. Audimas says on its webs...
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