KJK Fund III SCA SICAV - RAIF, a fund advised by KJK Management SA, closed its acquisition of Baltic Bicycle Trade UAB through its Luxembourg-based outdoor sporting goods investment company KJK Sports.

Lithuania-based Baltic Bicycle Trade is the parent company of bicycle and electric bicycle manufacturer Baltik Vairas UAB.

COBALT Law Firm and EY were legal and financial advisers to KJK, respectively.