CEE
Performance data: using returns to predict returns
Gaining access to reliable performance data has become something of a holy grail for private equity professionals seeking to stay one step ahead of the market, but it has historically be difficult to find. Is this set to change?
CEE - Arx III holds first close on EUR 83m
Arx Equity Partners has held the first close of its third fund, Arx CEE III, on EUR 83m.
EUROPE - Beechbrook launches maiden fund with USD 75m
Beechbrook Capital has launched its first fund, Beechbrook Mezzanine I LP, with an initial commitment of up to USD 75m.
EUROPE - smac partners closes new secondaries fund
Munich-based venture capital firm smac partners has closed its new secondaries vehicle, smac partners fund III, which will be advised by UK-based Headway Capital Partners.
UK/GERMANY - Electra Partners invests EUR 45m into Steadfast fund
Electra Partners has purchased a significant interest in Steadfast Capital Fund I, managed by Steadfast Capital GmbH, for EUR 45m.
CEE – Riverside acquires Metrolab to bolster Diatron
The Riverside Company has acquired Argentine chemical analyzer UV-Vis Metrolab as a bolt-on to Diatron, a Hungarian maker and marketer of hematology analysers for the human and veterinarian markets.
GLOBAL - CIC to increase stake in Blackstone
According to reports, China’s sovereign wealth fund, China Investment Corp (CIC), is planning to increase its stake in Blackstone Group from 9.9 per cent to 12.5 per cent.
CEE – iEurope yields 2.3x return on ATech Elektronika sale
iEurope has sold Slovenia-based portfolio company ATech Elektronika, a designer and manufacturer of proprietary electronics assemblies, generating a 2.3x cash-on-cash return on its investment and a 18% IRR.
CEE - EQT opens new office in Warsaw
EQT Partners has expanded into Central and Eastern Europe with the opening of a new office in Warsaw, which will be headed up by Piotr Czapski.
CEE - 3TS to launch EUR 200m vehicle
3TS Capital Partners is to launch a new EUR 200m vehicle later this year, reports suggest.
CEE - Crossroads and FRC-backed RPG invests £101m into Ferrexpo
Crossroads- and First Reserve Corporation-backed RPG Industries has acquired a 20.79% stake in iron ore producer Ferrexpo.
CEE - iEurope yields 13.5x return on Vatera sale
iEurope Capital has sold Hungarian e-commerce business Vatera.hu to MIH Internet, generating an approximate 13.5x cash-on-cash return on its investment and a 59% gross IRR.
ESTONIA - Alta Capital in need of funds
According to reports, Alta Capital's real estate development arm is in need of EEK 500m to redeem bonds over the next few months.
CEE - Ex Oriente Lux hires Martin Kurz
Ex Oriente Lux, a fund dedicated to investments in Croatia, has hired Martin Kurz.
EUROPE - EVCA study reveals little improvement in tax and legal environment
The European Private Equity & Venture Capital Association (EVCA) has published its fourth Benchmarking study of European tax and legal environments, with the results revealing that there has been little overall improvement in conditions since the previous...
CIS - Aureos invests USD 5m into Ala TV
Aureos Central Asia Fund has invested USD 5m into Ala TV, a Kyrgyz cable TV company.
CEE - Horizon and IFC invest USD 15m into Evrotek
Horizon Capital, through Emerging Europe Growth Fund, and IFC have invested USD 15m into Ukrainian food retail chain Evrotek Group.
CEE – Linklaters becomes Kinstellar
Linklaters has announced that its CEE spin-off will operate under the name Kinstellar from 1 November 2008.
CEE - DLA Piper opens in Bucharest
DLA Piper has announced that it will launch a new office in Bucharest in early November, to be managed by Marian
CEE – Mid Europa increases its stake in Falcon Group
Mid Europa has increased its stake in telecommunication services company, Falcon Group, to 74.06%. The fund already acquired 36.76% in November 2006 and this deal has seen it acquire a further 37.3% from co-investor Lehman Brothers.
GLOBAL - Nextech Venture holds final close on USD 65m
Switzerland-based Nextech Venture has held a fourth and final close of its oncology-focused fund on USD 65m.
CEE - EI offers EUR 143m for Kofola-Hoop
Enterprise Investors (EI), through Polish Enterprise Fund (PEF VI), has made a EUR 143m offer the entire remaining share capital of Kofola-Hoop, a producer of non-alcoholic beverages listed on the Warsaw stock exchange.