The public offering of the bonds in Lithuania, Latvia and Estonia will take place from 5 November to 20 November at 15.30 Vilnius time. The bonds will offer a fixed annual interest rate of 10 per cent, and the yield, as stated in the offering documents, is 10 per cent. Depending on demand, the size of the portion of the issue being offered may be increased. The bonds issued will be admitted to trading on the regulated market of Nasdaq Vilnius.
„Having acquired Metus and Admeo this year, we are continuing to explore other growth opportunities. We expect to finalise three deals in different European countries by the end of this year, and we are arranging the financing for these deals in advance. When evaluating a company, we look at how it will fit in with the group’s existing businesses and what opportunities its team will have. It is important to us that the acquired business can grow once it joins the group,“ says Deividas Jacka, founder and chairman of the board at Civinity.
According to Deividas Jacka, completing the three transactions would increase the Civinity Group’s turnover by more than EUR 60 million per year and its EBITDA by more than EUR 9 million. The companies planned for acquisition, which operate in different sectors, are already active in Croatia and Slovenia – markets with which the group is already familiar – whilst the third acquisition is planned in a new market for the group – Estonia – thereby expanding its operations across all three Baltic states.
More than 600 investors took part in the previous placement
In June, Civinity placed bonds with a nominal value of EUR 13 million and raised EUR 13.54 million. This was the largest amount the group had ever raised in a single placement.
A total of 613 investors from Lithuania, Latvia and Estonia purchased the bonds. Of these, 604 were retail investors, who invested EUR 6.84 million, or 50.5 per cent of the total funds raised. The remainder of the funds came from institutional investors.
Part of the funds raised during the previous placement has already been used to finance the acquisitions of Metus and Admeo. The Metus deal expanded the group’s operations in Croatia and Slovenia. The business that has joined Civinity installs lifts and provides maintenance and modernisation services. In Vilnius, Civinity acquired the building management company Admeo together with Sail Invest.
The impact of acquisitions is reflected in the group’s results
The group’s unaudited pro forma revenue for the 12 months ending 30 June 2026 amounted to EUR 121.3 million – 31.4 per cent higher than a year ago. Pro forma EBITDA for the same period rose by 27.7 per cent to EUR 9.7 million. These figures include Metus’s results for the full 12-month period, including the period before the acquisition.
Actual revenue for January–June 2026 amounted to EUR 52.9 million, up 14.9 per cent on the same period last year. EBITDA for the first half of the year rose by 22.6 per cent to EUR 5.1 million.
Interest will be paid every six months
The nominal value of a single bond is EUR 1,000; the issue price is EUR 1,035.8961. The minimum purchase quantity is one bond. Interest will be paid every six months; redemption is due on 17 July 2029. The issue of a new tranche is scheduled for 27 November 2026.
The offering is being conducted under a bond programme with a nominal value of up to EUR 50 million and in accordance with the new base prospectus approved by the Bank of Lithuania on 23 September. This prospectus covers the remaining part of the programme relating to the issue of bonds with a nominal value of up to EUR 26.65 million and their admission to trading on the regulated market of Nasdaq Vilnius. This amount includes the tranche of the issue being distributed in November.
The legal adviser for the issue is the law firm TEGOS.
Investors may submit orders via a bank or a financial brokerage firm where they hold a securities account. Individual financial institutions may set an earlier deadline for accepting orders, so investors should check this in advance.
A virtual meeting for investors will take place on 9 November at 1.00 pm. During the meeting, Tomas Staškūnas, CEO of Civinity, will present the group’s activities, financial results, and key terms and conditions of the offering. The presentation will be held in English.
About the Civinity Group
Civinity brings together businesses specialising in maintaining residential and commercial buildings, as well as engineering and digital services. The group operates in Lithuania, Latvia, the United Kingdom, Croatia and Slovenia. It employs 1,865 staff, manages 5.5 million sqm of residential property and serves more than 1,600 commercial clients.
About Luminor
Luminor is the leading independent bank in the Baltic states and the third-largest financial services provider in the region. The bank serves the financial needs of individuals, families and businesses. Luminor aims to improve the financial health of its customers and home markets and to promote their growth.
Important notice
This notice does not constitute an offer or an invitation to purchase securities of AB Civinity and is not in any way connected with such an offer or invitation. The prospectus is the only legally binding document containing information about the company, its bonds, their offer in Lithuania, Latvia and Estonia, and their admission to trading on a regulated market.
The prospectus is published in the investors section of the company’s website, as well as on the Nasdaq Baltic and crib.lt websites.
Approval of the prospectus should not be regarded as an endorsement of the quality of the bonds to be admitted to trading on a regulated market. Potential investors are advised to read the prospectus before making an investment decision so that they understand all the potential risks and returns associated with the investment.