Core Viewpoint - Northern Horizon A/S has signed a contract to sell its entire stake in Northern Horizon Capital AS, the management company of Baltic Horizon Fund, to the partners of Grinvest, a private investment company with significant expertise in the commercial real estate market in the Baltics [1][2][4]. Group 1: Transaction Details - The contract for the sale was concluded on August 19, 2025, and involves the transfer of 12,500 shares in Northern Horizon Capital AS to Grinvest's partners [2]. - The ownership distribution will see Antanas Anskaitis acquiring 4,168 shares, while Antanas Danys and Tomas Milašauskas will each acquire 4,166 shares [2]. - The transaction is expected to be completed upon receiving the necessary regulatory approvals [3]. Group 2: Strategic Implications - The sale is described as a strategic decision by Northern Horizon to focus on its core operations and leadership in Nordic social infrastructure investing [4]. - Grinvest aims to leverage its expertise to address the challenges faced by Baltic Horizon Fund over the past five years and is committed to engaging with all stakeholders post-transaction [5]. - The management structure of Baltic Horizon Fund will remain unchanged until the transaction is finalized, ensuring continuity in operations [5]. Group 3: Company Background - Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license [8]. - Grinvest is a private investment firm with interests spanning commercial property, transportation, and infrastructure [8].