BPM Mezzanine Fund completed the 5th exit since August 2020 and exited its investment in ecommerce & POS solutions provider iDS

BPM Mezzanine Fund SICAV-SIF, SCA (BPM) provided financing for an acquisition of a point of sale (POS)solutions provider iD Süsteemide (iDS) in December 2019. The transaction allowed an exit for theformer owner of the company and enabled the new owners of iDS (Mr. Üllar Jaaksoo and Mr. Marko Maalt) to further develop the business model and maintain a strong foothold in Estonia. BPM was the sole debt provider in the transaction. Legal advice to BPM was provided by the law firm Cobalt. Despite turbulent 2020, iDS continued its organic expansion and started to develop digital retail ecommerce solutions based on Magento and Woostore software, as clients increasingly prefer online stores to the ordinary stores.

As of now iDS develops POS software, provides technical support services, related hardware products and develops digital retail e-commerce solutions. The company is active across Estonia with a wide- and reputable client base which inludes Coop Estonia, Alexela, A1000 Market and R-Kiosk.

The CEO of iDS, Üllar Jaaksoo, commented that new reality, caused by the covid-19, has changed the landscape and future plans also for the retail industry. Acquisition of iDS was supported with mezzanine financing from BPM and took place in December 2019 just few months before the virus outbreak. iDS has recovered from the difficult period and has successfully launched a new business, vertically focusing on digital retail e-commerce solutions. iDS is well positioned to continue to serve its strong customer base and to add new business lines to it’s portfolio. Both, management and the investor of iDS are very satisfied with constructive and professional partnership with the BPM Capital team during last two challenging years.

“We would like to thank Üllar and his team for an excellent work and we are grateful for the opportunity to support the buy-out of iDS. iDS has a strong market position in Estonia and in addition a relatively stable nature of business was validated by iDS during challenging 2020 followed with significantly improved results in 2021” said Kalmer Kikas, Managing Partner of BPM Capital.

For further enquiries, please contact:

BPM Capital: Kalmer Kikas, tel: +372 605 0071, e-mail:
iD Süsteemide OÜ: Üllar Jaaksoo, tel: +372 550 5245, e-mail:

More information about BPM Capital
BPM Capital ( is an independent investment manager operating out of two offices, in Tallinn and Warsaw. It has been founded and is managed by Kalmer Kikas, Martin Reinson, Paweł Zabrzycki and Priit Veering. BPM is supported by prominent international and domestic institutional investors. BPM was originated through the Baltic Innovation Fund initiative created by cooperation between Estonia, Latvia, Lithuania and the European Investment Fund. Portfolio companies include MarkIT, OC Vision (exited), Eskaro (exited), DEAC (exited), Corle, Tahe Outdoors, DenEesti, Smiltenes Piens (exited), Zoo Factory and iDS (exited).

More information about iD Süsteemide
iDS ( develops digital retail e-commerce solutions, POS software, provides technical support services, and sells related hardware products to the retail and wholesale sector, including supermarkets and specialty retailers.