Aneli Capital exits PRO BRO Express

“Business Angels Fund II” Earns Double-Digit Return from Investment in “PRO BRO Express” Project

The investment company “Business Angels Fund II” has announced the successful completion of a share sale in one of the most successful “PRO BRO Express” tunnel car wash locations in Vilnius. It was revealed that the car wash on Rasų Street generated a double-digit annual return for the fund and other investors.

The MAXI model “express” tunnel car wash, strategically located in a convenient area of the capital, is one of the most successful sites in the “PRO BRO Express” network. Opened in December 2020, the car wash has achieved impressive growth over several years of operation and now washes nearly half a million vehicles annually.

Five years ago, KŪB “Business Angels Fund II”, represented by UAB “Aneli Capital”, together with a private investor, invested in the company operating the Rasų Street car wash under a joint activity agreement. This month, they successfully sold their shares to new investors, earning a double-digit annual return on the transaction.

“We are pleased with the successful share sale and the solid return achieved. The decision to invest in cleaning solutions has also contributed to diversifying our investment portfolio,” said Daiva Rakauskaitė, CEO of Aneli Capital.

This “PRO BRO Express” location features automated systems that allow 7 cars to be washed simultaneously, enabling over 220 cars per hour to be cleaned. A dedicated entrance for subscription holders eliminates additional waiting time in line.

“The Rasų Street car wash exceeded expectations, providing investors with a solid return while contributing to the sustainable development of urban infrastructure. This demonstrates that ‘PRO BRO Express’ is not only an innovative car wash but also a reliable investment opportunity. We continue to grow and are looking for partners who believe in our team, business model, and ‘express’ product, and who want to expand with us into Western European markets,” said Evaldas Kinderis, CEO of PRO BRO Group.

Currently, the “PRO BRO Express” network operates 24 car washes in Lithuania and Latvia, with plans to expand further into Western Europe through a franchise model.

Legal advisors for the share sale transaction: Sorainen and WIDEN law firms.

More information: Daiva Rakauskaitė | d.rakauskaite@anelicapital.com | +370 686 81643