Milestones

1999

  • GILD Bankers key team established an investment bank with three main business lines. Alternative Funds and Investment Banking lines carried on under a new brand of GILD Bankers since 2006
  • New Economy Ventures (GILD Long Haul I), a private equity fund was established by GILD partners. Over 9 years the fund has provided investors with average annual net return of more than 31%

2001

  • GILD Arbitrage, the first market-neutral hedge fund in the Baltics, launched
  • Opened office in Riga and launched Investment Banking activities in Latvia

2004

  • Launched Investment Banking activities in Lithuania in cooperation with a local investment bank
  • GILD Global Opportunity, a multi-strategy hedge fund with a global investment approach, set up. The fund was discontinued in 2007 due to more strategic focus on direct investments

2005

  • Created the Eastern Europe Real Estate Investment Trust (EEREIT) in cooperation with Uus Maa Real Estate Group
  • Investment Banking  team closed 21 transactions including two IPOs of Tallinna Vesi (water utility) and Starman (CATV operator), the first IPOs on the Tallinn Stock Exchange in six years

2006

  • Opened office in Kiev and launched Investment Banking activities in Ukraine
  • Investment Banking team closed 15 transactions, among them the largest and best-performing IPO in the Baltics in 2006, Olympic Entertainment Group, the largest regional gaming company. The deal was awarded the Eastern European IPO of the Year award by East Capital
  • Launched a new brand GILD Bankers
  • EEREIT team expanded to Riga and Vilnius
  • Total invested assets under management surpassed EUR 100 m

2007

  • Launched the new business line, Private Banking
  • EEREIT opened offices in Bulgaria and Ukraine
  • Opened office in London to strengthen our private placement capacity in the financial capital of Europe
  • First investment banking transactions closed in Ukraine
  • Estonian Financial Supervision Authority registered the terms of GILD Arbitrage, making GILD Arbitrage the first regulated risk capital fund  in the Baltic region

2008

  • Restructuring of GILD alternative investment funds - GILD Arbitrage and EEREIF - reached a conclusion
  • GILD Investment Banking completed 12 investment banking transactions, including the only IPO in the Baltic region
    (Agrowill Group)

2009

  • Closing of Private Banking business line
  • Restructuring of GILD Arbitrage into a non-public closed-end common risk capital fund
  • GILD Bankers initiated the restructuring of the GILD Group

2010

  • Tõnu Pekk acquired 75% of AS GILD Fund Management, the fund management company of GILD Arbitrage