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A fast-growing Amazon and digitally native brands company

Smart Brands Laboratory developed a direct-to-consumer niche brand growth model that scales them through a series of advancing methodologies in branding, multichannel sales, sourcing, and digital marketing strategies.

Established: 2018

Invested: 2018

Located in: Vilnius, Rotterdam and San Francisco

Fostering digital skills at schools

As a leading EdTech group in Lithuania, TAMO Group provides school management systems and digital learning content solutions to 85% of the schools in Lithuania. TAMO Group is also developing a Family ERP system centered around education.

Established: 2007

Invested: 2012

Located in: Vilnius

Developer and manufacturer of surveillance and defence systems

Brolis Defence Group is a global company that develops, manufactures and sells cutting-edge electro-optic systems for defense, security applications and surveillance to all NATO countries, Israel and more. Brolis products range from unmounted warrior systems and border surveillance to OEM solutions for airborne and naval applications.

Established: 2011

Invested: 2015

Located in: Vilnius and Larne, UK

Next generation sensing company

Brolis Sensor Technology designs and manufactures unique spectroscopic sensors for systems that require the highest level of miniaturization, accuracy and sensitivity. Brolis never-before-seen laser-based technology – spectroscopic sensors are applicable in medical and agricultural testing, fitness, and a wide range of other potential sectors.

Established: 2011

Invested: 2015

Located in: Vilnius and Gent, Netherlands

Algirdas Baltaduonis

  • Responsible for proprietary investments in e-commerce and high-tech ventures.
  • Has 15+ years of experience in private equity, executive management, corporate advisory, and M&A.
  • Established our e-learning holding and high-tech fund.
  • Has been a key team member in major transactions including the buy out of Grafija printing house, sale of Lodvila security printing, acquisition and management of OMA by Senukai, acquisition of Vilniaus Majonezo Gamykla, sale of Kauno Tiltai, acquisition of Šviesa by Alma Littera.
  • Cofounded Zabolis Partners in 2002.
  • Until 2002 worked in the Corporate Finance Division of Vilfima (later known as SEB Eskilda Lietuva).
  • Holds a degree in law from Vilnius University.

Jurgis Rubaževičius

  • Responsible for proprietary investments in e-commerce and tech ventures.
  • Has 20 years of experience in private equity, executive management, corporate advisory, and M&A.
  • Holds an instrumental role in establishing the following:
    – sustainable energy business of Danpower Baltics
    – finalizing the acquisition and turnaround of Mokilizingas
    – establishing the Baltic Retail Properties real estate portfolio
    – refinancing the Baltic Shopping Centers.
  • Has been involved in many key buyouts and M&A transactions, including:
    - the buyout of the majority stake in Baltic Retail Properties by a minority shareholder
    - the sale of Senukai’s majority stake to Kesko
    - the merging of Hermis and Vilniaus banks, currently known as SEB.
  • Cofounded Zabolis Partners in 2002.
  • Worked in the Corporate Finance Division of Vilfima (later known as SEB Eskilda Lietuva) until 2002.
  • CFA charter holder with a degree in physics from Vilnius University and a degree in business and innovation management from Corvinus University, Budapest.

Edgaras Jasalinis

  • Responsible for investments in educational technology (EdTech) ventures
  • Has 5+ years of experience in digital business transformation, e-commerce, executive management and M&A.
  • Has been a key team member in growing e-commerce company Kesko Senukai Digital from its establishment both organically and through acquisitions
  • Established educational technology (EdTech) holding
  • Before joining Snowball, worked in the Assurance Services Division at PwC
  • Joined Zabolis Partners in 2014
  • Holds a BSc in finance and management from Loughborough University

Tomas Unikauskis

  • Manages investments into global e-commerce and brand digitalization businesses
  • Established Smart Brands Laboratory, an e-commerce company that develops an international micro brand scaling business
  • Has been a key team member in the early growth of our sustainable energy business, which later became an extensive part of the German Danpower Group
  • Holds a degree in Economics and business from Stockholm School of Economics in Riga
  • Joined Zabolis Partners in 2011
Transforming consumer lending

Mokilizingas (former Snoro Lizingas) is the pioneer of consumer finance in Lithuania. After revision, innovative renewal of product portfolio, IT infrastructure and marketing channels, we have achieved an annual average growth of 35%. Mokilizingas firmly holds a leading positions in Lithuania, and has established a strong presence in Latvia.

Established: 1999

Acquired: 2013

Exited: 2018

Investment IRR: over 30%

Digitalising traditional retail
Kesko Senukai Digital is an e-commerce platform that was founded in partnership with Kesko Corporation. Kesko Senukai is Growing over 100% year after year, and it sells ~250k items to Lithuanian, Latvian, and Estonian based consumers each month.

Established: 2015

Invested: 2015

Located in: Vilnius, Riga, Tallinn