KJK Fund III S.C.A. SICAV-RAIF, as advised by KJK Management SA, and acting 
through its wholly-owned Luxembourg-based sporting goods investment company, 
KJK Sports (all together "KJK"), is pleased to announce that it has signed a 
definitive agreement with Asgaard A/S from Denmark and Litcapital I from 
Lithuania for the purchase of 100% of the shares of Baltic Bicycle Trade UAB, 
the parent company of Baltik Vairas based in Šiauliai, Lithuania. COBALT Law 
Firm and EY, both based in Vilnius, acted as legal and financial advisors for 
KJK. TGS Baltic and Swedbank Investment Banking, both based in Vilnius, acted 
as legal and financial advisors for the Sellers. The transaction is expected to 
close in the third quarter of 2019, pending competition clearance.  

ABOUT KJK.  KJK Fund III S.C.A. SICAV-RAIF, launched in 2018, is a EUR 250 
million private equity fund focused on the Balkan and Baltic regions. KJK 
Management SA is a Luxembourg-based Alternative Investment Fund Manager founded 
in 2010. For more information about KJK Management, please visit 
www.kjkmanagement.com. KJK Sports is a Luxembourg-based sporting goods holding 
company focused on the active outdoor sporting goods segment with existing 
investments in Elan d.o.o. (winter sports and sailing), Tahe Outdoors (water 
sports) and Leader 96 (bicycles).

Logo - https://mma.prnewswire.com/media/930946/KJK_Sports_Logo.jpg 

Source: KJK Sports