Built to last.
We invest in essential infrastructure and services across the Baltics and Central Europe — sectors where capital creates lasting, structural value.
Capital with conviction.
The C Company is a private equity firm investing in essential services and infrastructure-adjacent businesses across the Baltics and Central & Eastern Europe.
We invest in strong, cash-generative companies with recurring, long-term contracted revenues — the businesses people rely on every day and will still rely on in twenty years.
We partner with management teams to build them into regional champions: buying well, professionalising operations, consolidating fragmented markets, and investing through the transitions reshaping our sectors — energy, digitalisation, demographics.
Investment thesis.
Durable Cash Flows
We invest in strong, cash-generative businesses with recurring, long-term contracted revenues — the services people rely on every day. Cash generation is our starting point: it funds growth, carries conservative leverage, and compounds through every cycle.
Future-Proof Demand
We back businesses on the right side of the transitions reshaping the economy — energy, digitalisation, demographics. Companies whose services will be needed more in ten years than they are today, and whose value grows as the transition advances.
Regional Champions
We buy well and build with conviction — acquiring founder-built companies one at a time, professionalising operations, and consolidating fragmented markets into platforms of scale. Lasting value is created through ownership, not timing.
A market in motion.
Buses dominate Baltic public mobility — and the market is being reshaped by liberalization and the electric transition. We entered public mobility in 2024 to build the platform that consolidates it.
~5% growth YoY
Buses Dominate
Buses carry the backbone of Baltic city transportation — a fast-growing market with a regulatory push for buses over cars.
Liberalization
Cities across the Baltics are opening operations to private operators, whose lower cost base is forcing the market open — tender by tender.
Decarbonization
The electric transition demands new infrastructure — e-bus depots, charging, digital operations — opening consolidation opportunities for well-capitalized platforms.
Milestones
TOKS joins The C Company — the platform for public mobility in the Baltics
Secured a 50 e-bus city contract in Klaipėda and acquired the depot
Began operating Panevėžys Bus Station
Acquired a 42,000 m² bus depot in Vilnius
Launched TIKIT — a new ticket sales platform
The Thesis
Using TOKS as a platform to grow organically via city tenders and M&A into a €35M+ EBITDA business. Key drivers: participation in city tenders, organic growth of intercity and international operations, and market consolidation across the Baltics.
Decarbonization
Secured a 50 electric bus city contract in Klaipėda. Fleet modernization with zero-emission electric and bioCNG buses, charging depot infrastructure, and digital operations.
Operations
Operator of Vilnius and Panevėžys bus stations. Bus depots in Vilnius and Klaipėda. Intercity and international regular routes across the Baltic and Polish corridor.
Infrastructure
E-bus depots in strategic locations, bus stations, charging infrastructure, and digital systems — controlling the supply chain that powers electric fleet operations.
Built on a proven platform.
The C Company is the cleantech and infrastructure platform of Zabolis Partners — a Vilnius-based investment group enriching local economies through investments in clean infrastructure, digital transformation, and urban development.
25+ years of investing heritage · AIFM-regulated since 2017
Biomass pioneer
Construction of the first private biomass heat plant in Kaunas, Lithuania — with a development pipeline of over 100MW.
Enercity JV
50/50 joint venture with German energy company Enercity/Danpower. In three years the portfolio grew 8× to 190MW.
Exit to IDEX
Successful exit to French energy company IDEX (Antin Infrastructure Partners), completed 2019–2023.
Public Mobility
A new chapter: acquisition of TOKS — capitalizing decades of experience in energy, infrastructure and digitalization.
The team.
Let's talk.
We partner with operators building essential infrastructure across the Baltics and Central Europe.