INVL Private Equity Fund II has signed agreements to acquire Lithuanian fish processors Nordian Group and Norvelita, creating one of the region’s largest players with combined annual revenues of about €200m. The fund plans to turn the two businesses into a regional champion by leveraging operational overlap rather than sheer scale. “With this transaction, we aim to create a strong, internationally competitive fish processing group where Norvelita’s experience and stable export business will complement Nordian Group’s growth ambitions,” said Nerijus Drobavičius, a Partner at INVL Private Equity Fund II. Norvelita, one of Lithuania’s largest fish processors, specialises in smoked and salted salmon and exports roughly 85% of its output to Western Europe from a 25,000‑square‑metre complex that handles some 18,000 tonnes a year. It posted 2025 consolidated revenues of €152.7m and employs around 650 people. Nordian Group supplies fresh fish to major Lithuanian retail chains and reported €46.3m in 2025 revenues with about 176 employees.

In a typical founder‑led buyout structure, both founders will retain minority stakes and stay on to help build the combined group. INVL has also backed Estonia’s largest waste management group, Eesti Keskkonnateenused, and Poland’s private healthcare provider POLMED. The sector‑agnostic fund writes equity tickets of €10m to €60m, targets majority or significant minority stakes, and seeks to back 10 to 12 high‑growth businesses across the Baltics, Poland, and the wider EU. INVL Asset Management, part of the Invalda INVL Group, oversees around €2.1bn in assets.