Auctus Capital advises SIA Kurekss shareholders on the sale of the company to HS Timber Group

Riga, Latvia – October 31, 2025 – Auctus Capital, one of the leading M&A advisory firms in the Baltics, is pleased to announce that it has acted as exclusive financial advisor to shareholders of SIA “Kurekss”, a leading Latvian sawmill located in Ventspils, Latvia, on the successful sale to HS Timber Group.  

The transaction was successfully completed on October 31, 2025, following approval by all relevant authorities. 

Founded over three decades ago, Kurekss operates one of Baltic’s most advanced sawmill facilities, producing high-quality sawn timber and value-added wood products for export to Europe, North America, Asia, and North Africa. Transaction also includes SIA “Kurzemes Granulas” a pellet manufacturing subsidiary of Kurekss. 

HS Timber Group is one of the world's leading wood processing companies. With more than 2,700 employees and presence in 80 countries worldwide. Founded in Austria, they develop customized products and sophisticated solutions made from wood, the material of the future, at their production sites worldwide. 

“This transaction highlights the ongoing consolidation trend within the Baltic wood processing sector,” noted Emīls Enkūzens, Partner at Auctus Capital. “Strategic investors continue to view the region as a key hub for sustainable and high-value wood production. During the process we observed strong interest from European investors regarding the Baltic market as well as recognition of Latvian sawmill operational standards.” 

The transaction was executed in close cooperation with our Pandea Global M&A partner advisory firm, Sancovia (Germany), reflecting the strong cross-border collaboration behind this successful deal. Recognized as a leading advisory firm in its market, Sancovia leveraged its reputation to effectively reach and engage decision-makers at prospective investor organizations. This is yet another testament to our proven ability to deliver exceptional services to clients through our global network. 

Legal support throughout the entire transaction process was provided by Sorainen Latvia team. Given the complexity of the transaction, Sorainen’s experience proved crucial to its successful completion. 

About Auctus Capital 

Auctus Capital is an M&A and Debt advisory company based in Riga, Latvia, founded in 2010 by three partners with an established track record in the Latvian and Baltic corporate finance industry. 

Our specialty is M&A advisory, debt advisory deals across Baltic states. 

For the past two decades we have helped our clients with Mergers & Acquisitions, Debt & restructuring services, strategy & management consulting, CFO services, conducting market research, business valuation, specific financial analysis or preparing the necessary documentation to attract funding. 

Our clientele includes fast-growing Corporates from Baltics, their shareholders as well as investment funds from CEE and Scandinavia.