CEE
EUROPE – LODH Euro Choice IV holds first close on EUR 300m
Zurich-based LODH Private Equity Limited has closed LODH Euro Choice IV on EUR 300m.
UK/GERMANY - Sophos to acquire Utimaco
TA Associates-backed Sophos plc intends to acquire German data security solutions company Utimaco Safeware AG for EUR 217m.
EUROPE - Private equity deals up 15% in Q2
A rise in expansion deals and the return of big buyouts has led to a 15% rise in the total combined value of European private equity transactions, according to the latest unquote" private equity Barometer, in association with Candover.
GLOBAL - KKR goes public
Kohlberg Kravis Roberts is going public in a transaction that will involve buying KKR Private Equity Investors, which was listed on Euronext Amsterdam two years ago, and listing the merged entity in New York.
CEE - Marfin acquires 50% stake in Croatian tourism group
Marfin Investment Group (MIG) has bought a 50% stake in Croatian tourism group Sunce Koncen as part of its expansion plans. The deal was valued at EUR 90m.
CEE - EI-backed Macon Deva acquires Simcor
Enterprise Investors (EI) has provided equity funding to Romanian construction materials producer Macon Deva to facilitate the EUR 53m acquisition of Romanian building materials producer Simcor Group. The deal was financed through a EUR 26m capital increase...
GLOBAL - Goldman Sachs raises USD 10bn fund
According to reports, Goldman Sachs has raised a USD 10bn fund to invest in senior loans backing leveraged buyouts.
Controlling leaks
new research suggests that leaks to the press can cost time and money and affect the certainty of deals. By Ashley Wassall
CEE - EK Fin acquires 34% of Papcel
EK Mittelstandsfinanzierungs AG (EK Fin) has acquired 34% of Czech mechanical engineering company Papcel for an undisclosed amount. The CEO and son of the owning family retains the balance of the shares.
RUSSIA - Starr and FPK acquire 20% of Investtradebank
Starr International Company and FPK Capital have acquired a 19.99% stake in Russian bank Investtradebank.
TURKEY - Carlyle acquires 50% of TVK
Carlyle Group has acquired 50% of TVK Shipyard, a Turkish shipbuilder specalising in chemical tankers and other specialty vessels. This represents the first investment for Carlyle in the region.
CEE - Jordan Company-backed WCT acquires Mediquest
The Jordan Company-backed Worldwide Clinical Trials (WCT) has acquired Eastern European contract research organisation Mediquest.
RUSSIA - Hansa reaches first closing on EUR 30m
According to sources, Hansa Investment Funds has reached the first closing of a EUR 30m private equity fund that will focus on investments in Eastern Europe.
RUSSIA - East Capital acquires 16.43% of Kamchatprombank for EUR 2.85m
East Capital has acquired a 16.43% stake in Russian retail and corporate bank Kamchatprombank for EUR 2.85m.
UK/FRANCE - NBGI launches in Paris
NBGI Private Equity has opened a new office in Paris, which will be headed up by Didier Riebel and Laurent Allégot.
CEE - EBRD banker joins CEE fund of funds
Henry Potter, who has been with EBRD for 15 years, will be joining Alpha Associates, Central and Eastern Europe’s oldest and largest fund-of-funds.
EUROPE - Axa head calls for code on profits
The head of Axa Private Equity, Dominque Senequier, has called for Europe's private equity industry to draw up a voluntary code of conduct on how profit made from deals should be split among investors, managers and staff.
CEE – Austrian firms support Herkulane’s buy-in
Erste Bank and its Romanian subsidiary Banca Comerciala Romana (BCR) have provided senior debt for the buy-in of Romanian water manufacturer Herkulane by a Romanian investors group, while Mezzanine Management GmbH has provided the mezzanine debt for the...
GLOBAL - RIT Capital Partners increases its stake in Millennium Group
RIT Capital Partners Plc, the investment trust of Sir Jacob Rothschild, and Sir Ronald Cohen's, the former founding chairman of Apax, have increased their shareholdings in Millennium Group Holdings Ltd.
RUSSIA - East Capital acquires 33.3% of Morgan & Stout for EUR 1.02m
East Capital Financials Fund has acquired 33.33% of Russian debt collection agency Morgan & Stout for EUR 1.02m.
GLOBAL - ArcelorMittal launches cleantech fund
ArcelorMittal, the world's largest steelmaker, has launched a EUR 100m venture capital fund to invest in clean technologies.
GLOBAL - CP Eaton beefs up team
Placement agent CP Eaton Partners has appointed Jerry Elliot, Peter Martenson, Nina Frandson, Dan Meade and Brian Newman.
CEE – IDI launches IDI Emerging markets
IDI has launched IDI Emerging markets owith a target of EUR 216m.