BGF Exits LIVIN, Sells Majority Stake to Ogmios Group

BGF has exited its investment in LIVIN, the leading healthy lifestyle retailer in the Baltics, through the sale of a controlling stake to Ogmios Group, one of Lithuania’s largest real estate and investment companies. The transaction delivers a strong return to BGF investors, including Swedbank and Luminor pension funds.

Since partnering with BGF in 2019, LIVIN has evolved into a high-performing multi-channel retailer with 21 stores across Lithuania and Latvia, a growing e-commerce platform, and wholesale operations across the Baltics. Between 2018 and 2025, revenues nearly quadrupled to exceed EUR 20 million, while EBITDA increased more than sixfold.

Marius Miškinis, Investment Manager at BGF and Chairman of LIVIN’s Board: “This investment validated our conviction in the strong growth of the healthy lifestyle retail. Bernardas Tautkus and his team have built an exceptionally well-run business with scalable economics and clear category leadership. It’s been a pleasure to support their journey and deliver such a solid outcome for our investors.”

Bernardas Tautkus, CEO and co-owner of LIVIN: “Together with BGF, we transformed LIVIN into a professionally managed, fast-growing omnichannel business. The fund’s partnership helped us scale efficiently and strengthen our operations. We now look forward to continuing our growth with Ogmios Group, a partner who shares our long-term vision.”

Sigitas Stasevičius, CEO and shareholder of Ogmios Group: “We are delighted to welcome LIVIN into the Ogmios family. LIVIN stands out as a business built on disciplined growth, innovation, and strong leadership. Its established retail network, powerful brand, and advanced e-commerce solutions fit naturally within our portfolio and create clear synergies with our premium food retail chain Assorti. This is a well-timed strategic investment that enhances value for consumers and optimizes the use of our group’s financial resources.”

Following completion, Bernardas Tautkus and the existing management team will continue to lead LIVIN, ensuring business continuity and execution of the company’s strategy. The transaction remains subject to regulatory approval. Terms are undisclosed. Superia acted as financial advisor and Cobalt as legal advisor to BGF.

About BGF

Founded in 2018, BGF is an EUR 40 million growth capital fund investing in fast-growing, profitable Baltic companies with strong market positions and significant expansion potential. Its portfolio includes Gemma and Pihlakodu elderly care networks in Lithuania and Estonia, cybersecurity leader NordVPN, and veterinary clinic chain Dr.Vet, among others. The fund is managed by Kornelijus Čelutka, Marius Miškinis, and Sten Sonts. BGF’s predecessor, LSMEF fund, successfully exited investments in Caffeine, InMedica, Labochema, Yglė, and others.

About Ogmios Group

Ogmios Group is one of Lithuania’s largest commercial real estate developers and owners, managing over 200,000 m² of commercial space valued above EUR 200 million. The group also invests in other sectors, including premium food retail.