Portfolio Companies

Liquidity Events

$15,000,000



BM Auto, Ltd

BMW and MINI Cooper dealerships in Latvia

MVC Capital provided $8 million in equity and a $7 million bridge loan to fund the purchase of an existing retail distributor

February 2006

BM Auto, Ltd is a Latvian company that owns BMW and MINI Cooper dealerships in Latvia, and is in the business of retail sales of BMW and MINI vehicles and parts, and provides after-sales services. The company consists of two wholly owned subsidiaries: SIA BM Auto, which operates the dealerships, and SIA Ermans, which owns the real estate holdings of the group.

Exited June 2007



$10,500,000



Baltic Motors Corporation

Ford and Land Rover dealerships in Latvia

MVC Capital provided $4,500,000 subordinated debt financing and $6,000,000 equity financing for the leveraged buyout of Baltic Motors

June 2004

Baltic Motors Corporation is a US company that owns Ford dealerships in Latvia, and is in the business of importing and selling vehicles, parts, and providing after-sales services. The company consists of three wholly owned subsidiaries: SIA Baltic Motors Ltd., which operates Ford and Land Rover dealerships in Latvia; SIA Baltijas Ipasumu Fonds, which holds the real estate the interests of the group; and SIA Baltic Motors Importers, the official importer of Ford vehicles in Latvia.

Visit Baltic Motors Ltd.'s website

Exited June 2007





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