CEE
ACP exits Akomex in MBO deal following three-year holding period
Paper packaging company’s revenue increased by 70% and EBITDA nearly doubled during ACP’s investment period
Abris buys dentistry supplier Dentstore
Dentstore is Abris's third acquisition in the dental supplies sector, after Dentotal and Dentechnica
Leta launches $100m fund to back Russian-speaking founders
GP will focus on eastern European and Russian-speaking founders who it believes are undervalued and overlooked for funding
Over a third of LPs track GPs on social media - survey
Survey finds that 38% of LPs use social media to track GPs and a further 29% use social media as part of their due diligence on potential investments
Icebreaker closes second fund on €100m
VC also closes a €20m Opportunity Fund, which will be used for follow-on investments in portfolio companies from the first fund
Resource Partners buys dog food maker Atlantic Products
GP plans to merge Atlantic with portfolio company Maced, in which it acquired a majority stake last year
Tera Ventures closes second fund on €43m
According to Unquote Data, the fund was launched in January 2018 and had a target of raising €55m
Accel, IVP lead $69m series-B for Veriff
AI company has raised $92.8m to date and will use the proceeds to expand in the US market and enhance its product offering
KJK acquires heavy equipment provider Alwark
GP will acquire a 66% stake in the company via its €250m KJK Fund III
Resource Partners acquires Polish company Nesperta
GP will help the company with its expertise and experience through international and product expansion
Flashpoint holds $70m first close for new venture secondaries fund
GP is targeting $200m for its new strategy, and its co-founders will commit 10-15% of their own capital to the fund
AnaCap sells Equa Bank to Raiffeisen Bank
GP says the digital bank had grown its deposit base and loan book by more than 12x and achieved 36x growth in revenues
Genesis closes first growth fund on €40m hard-cap
Vehicle was launched in May 2018 and held a first close in October 2019
Advent-backed InPost prices IPO at €8bn valuation
Company has been owned by Advent International, which acquired the company alongside its listed parent company Integer in April 2017
Elbrus holds first close on $260m for third fund – report
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
EQT Growth's bet on maturing European startups
New growth investor plans to announce at least one deal by the end of the year, says partner Carolina Brochado
FirstFloor et al. back €41m series-D for Skeleton
Latest round brings Skeleton's total funding to €93m since its inception in 2009
Mid Europa buys Polish e-retailer Displate
Company's founders will remain significant minority shareholders of the business
Mediterra acquires majority stake in Turkish fintech PayCore
GP typically makes equity investments of around €20m and currently has 30 portfolio companies
Global LBO returns see sharp decline in H1 2020 - research
Returns from private equity funds globally slumped in the first two quarters of 2020, says eFront
OTB Ventures closes debut fund on $100m
Fund deploys equity tickets of up to $15m in technology startups based in central and eastern Europe
LP Profile: Polish Development Fund
The Polish Development Fund's private equity programme has kicked into gear this year, making three fund investments with more in the pipeline. Oscar Geen speaks to Annemarie Dalka about PFR's formation and investment strategy
H1 Review: Fundraising and local capital herald CEE buyout revival
Baltic market stands out, recording a higher than usual share of the wider region's dealflow
CEE buyout market picks up after record low in Q1
Dealflow has rebounded, but pricing expectation mismatches are still an obstacle to overcome