History

Hermis Capital (HC) is a private equity group, specializing in leveraged buy-outs and development of real estate projects.

HC started its activities in 2000 with acquisitions of controlling stakes in Lietkabelis, a Lithuanian coated-wire producer, and Vilniaus Vingis, one of the largest designers and producers of electronic components in Europe. Since then, the group has invested in more than ten companies, including Snaige, a leading appliance manufacturer in the Baltics, Rokiskio suris, the largest cheese producer in the region, and Kitron ASA, a Norwegian-based contract designer and manufacturer of electronics.

We at HC believe that key drivers of success are innovative ideas, flexibility, long-term investment horizon and ability to identify significant restructuring/expansion opportunities.

Vision, Mission & Goal

Vision
To become a leading private equity firm in Lithuania and the Central & Eastern Europe.

Mission
To remain a professional team which, through innovative ideas and creative solutions, is looking to utilize new business opportunities.

Goal
To achieve superior investment returns through long-term capital appreciation.

Structure

Hermis Capital group consists of the following subsidiaries:

Hermis fondu valdymas, Survesta, Vinvesta, NP Investicija, and HC & R-IV projektai.

General partners at HC are also the main shareholders of the group. Sanitex, the largest distribution and logistics company in Lithuania, owns a 25% stake.

Executives

Nerijus Dagilis is a co-founder and Chairman of the Board of Directors of Hermis Capital. Prior to starting HC, he worked at Hermis Bank for two years. Nerijus holds a Master's degree in Economics from Central European University, having previously studied in the US and at Vytautas Magnus University in Kaunas. Nerijus is Chairman of the Board of AB Snaige, UAB Diena Media and a member of the Board of Kitron ASA, AB Geonafta and UAB Kelmes pienine.

Titas Sereika is a co-founder and member of the Board of Directors. He started his career in Lietuvos Energija and then worked at Hermis bank. Titas holds a Bachelor's degree from the University of Law, he also studied at the International Business School of Vilnius University. Titas is a member of the Board of Directors of Kitron ASA.

Giedrius Barysas is a member of the Board of Directors. Since 1993, he has been successfully managing his own companies in the Lithuanian food industry.

Domininkas Kasys is a member of the Board of Directors. He is also an entrepreneur and already for more than 10 years manages a company specializing in fertilizer trading. Domininkas holds a Bachelor's degree from Vilnius Gediminas Technical University. He is a member of the Board of Directors of Snaige.

Darius Janulevicius is Director of Hermis Capital. Darius started his career in the Corporate Finance department of Ukio Bankas (Commercial bank) and then successfully worked at KPMG Lithuania and PCA Corporate Finance (HSH Nord Bank). Darius studied in the US and at Vytautas Magnus University in Kaunas. He also holds an MBA from Vilnius University. Darius is Chairman of the Board of AB Geonafta and a member of the Board of UAB Diena Media.

Investment managers

Robertas Beržinskas is an investment manager at Hermis Capital. Previously, Robertas worked as an equity analyst in the European Banks Team at Goldman Sachs in London. He holds a Bachelor’s degree, with distinction, in finance from the University in Manchester and an MBA from INSEAD. Robertas is a member of the Board of AB Geonafta, UAB Diena Media and OOO Credit Plus.

Kęstutis Pilipuitis is an investment manager at Hermis Capital, focusing on the consumer credit start-up project in Ukraine. Previously Kęstutis worked as a Deputy Head and a member of the Board of Ūkio Bankas Leasing in Lithuania where he was responsible for strategy, new products and risk management. Kęstutis holds a Master’s degree, with distinction, in Management from KTU in Kaunas.

Denys Prutchykov is an investment manager at the Kiev office of Hermis Capital. Denys strarted his career at Corporate Finance department of PriceWaterhouseCoopers in Frankfurt and then worked at Credit department of Dresdner Kleinwort Wasserstein in Frankfurt and London. He holds a Bachelor's degree in international management from Frankfurt University and a Master's degree in economics from Kyiv Economics University.