The sources of eversus.lt portal have named UK’s merchant bank Omada Capital, which represents a consortium of foreign investors in this deal, as the most likely buyer.
Four potential bidders assessed by the creditors committee reportedly included Finasta’s management team, a consortium led by Alvydas Zabolis, the managing partner at the private equity and investment banking group Zabolis Partners, Estonia’s financial assets management and investment banking company Redgate Capital, and Omada Capital.
The committee has chosen Omada Capital, eversus.lt sources claim. According to unconfirmed data, Omada Capital represents a consortium of investors from three countries.
As reported earlier, Omada Capital is barely known in Lithuania. UK’s market players say that it is an organization of two people who mostly work as advisers but also invest together with their clients occasionally. Most of the funds for investments are provided by clients.
Hence rumors have been spreading on the market that the consortium represented by Omada Capital might actually be related with former Snoras‘ shareholders who now live in London.
On 23 August, the committee of Snoras’ creditors took a unanimous decision on the investor in Finasta bank, Finasta Holding, and Snoro Lizingas.
Analysts earlier projected that the Finasta Group could be sold for 26 million to 30 million litas (EUR 8.7m), and Snoro Lizingas – for 10 to 15 million litas.