Porta Finance advises shareholders of OptiCom on the sale of the company to Hawk Infinity and WB Holding

Porta Finance acted as the sole financial adviser to shareholders of OptiCom, the leading cybersecurity and IT infrastructure solutions provider in Latvia in the sale of 100% of shares to new owners.

OptiCom is one of the leading IT systems integrators in Latvia, with almost 32 years of operations. The company specializes in development, integration and maintenance of IT infrastructure and cybersecurity solutions and operates a security operations center.

Strategic investment by the compounder Hawk Infinity from Norway and WB Holding, founding shareholders of a similar IT systems integrator from Lithuania WhiteBit, marks a new development stage for OptiCom, providing further growth opportunities in Latvian and international markets.

“Joining Hawk Infinity team is part of long-term development philosophy – it will enable us to grow and develop further, to develop innovative solutions, and to expand our activity outside Latvia. The transaction is done in close cooperation with WhiteBit, combining two complementary IT businesses to create a strong player in the Baltic IT market, offering new opportunities for improvement of clients’ IT infrastructures. As a long-term investor, Hawk Infinity will help to maintain the company’s identity, gain new experience, and support the team to strive for higher standards”, says Semjons Oļevskis, founder of OptiCom.

WhiteBit, established in 2017, now employs 20 highly qualified specialists. Over the last 8 years, the company has proven itself as a reliable partner to Lithuanian and foreign clients, offering modern IT solutions – including analysis of client needs, system design and implementation, integration and maintenance.

“Our joint decision with Hawk Infinity to invest into OptiCom is based on clear similarities between our organizations, as well as complementary competences and experiences. Combining our forces opens up new opportunities for expansion in international markets”, says Airius Jaruševičius, CEO of WhiteBit.

Norwegian investment company Hawk Infinity is known for its long-term investment strategy, focusing on sustainable business development and close cooperation with company founders and management teams. After acquiring OptiCom, Hawk Infinity plans to retain the existing team, and increase investments in innovation and employee competence development, while customers will continue to receive services as usual.

“We are pleased that OptiCom is joining the Hawk Infinity team – this transaction will strengthen our position in the Baltic IT market and help us achieve our ambitious goal of making Hawk Infinity the world's best partner for successful business founders”, says Johan Michelsen, Hawk Infinity founder.

Porta Finance acted as exclusive financial adviser to the shareholders of OptiCom on all financial aspects of the transaction, including preparation and execution of a competitive sale process.

Further information:

Adomas Navickas
Partner, Porta Finance
Tel: +370 612 72 976
adomas.navickas@portafinance.com

Dmitrijs Timofejevs
Partner, Porta Finance
Tel: +371 6733 6731
dmitrijs.timofejevs@portafinance.com