History

Hermis Capital (HC) is a private equity group, specializing in leveraged buy-outs.

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, , Kitron ASA, a Norwegian-based contract designer and manufacturer of electronics and Geonafta, the leading oild E&P company in the Baltics.

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

Ca. 70% of shares belongs to UAB Deitona with Sanitex, the largest distribution and logistics company in Lithuania, owning the rest.

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 a member of AB Geonafta and UAB Dienos Media.

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.

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 UAB Minijos nafta.

Investment managers

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.