Parkdema, a company owned by Lords LB Asset Management’s Energy and Infrastructure SME fund and Modus Group has received an investment of EUR 27 million (US$ 29.83 million) by Edmond de Rothschild Asset Management managed BRIDGE fund.

The fund invested in the bonds issued by the Parkdema. The investment will be used to expand its parking operations and refinance existing loans.

Parkdema operates more than 500 parking lots in Lithuania, Latvia, Estonia, and Poland, for a combined total of over 150,000 parking spaces.