Ingman Development acquired 45% of investment firm Masa Kapital

Ingman Development OY, a subsidiary of Ingman Group OY Ab, acquired 45% of the investment firm Masa Kapital OÜ. Masa Kapital holds a 100% stake in the Hagar bakery and Nedholm Design, a manufacturer of wooden interior design items.

Avo Kaasik, who used to be the sole shareholder of Masa Kapital before the transaction, noted that Ingman Group is a highly recognised and valued investor with long-term experience in the food industry with whom he plans to develop the existing companies and make further investments in the future.

“Estonia offers a good investment climate and many investment opportunities”, said Peter Ingman when commenting on the reasons for the investment and added that in Avo Kaasik and Masa Kapital they now have a local partner for expanding their current portfolio companies and for making new investments in the Baltic region.