CEE
RUSSIA – East Capital to buy 20% of FIA Bank for EUR 15.5m
East Capital has agreed to acquire a 20% stake in FIA, a Russian bank operating in Samara, a region in the south west of the country, for EUR 15.5m.
BALTICS - ASI injects further capital in social networking site for pets
Ambient Sound Investments (ASI) has injected a further $235,000 in social networking sites for pet owners, www.unitedcats.com and www.uniteddogs.com. The investment round will be used to expand the reach of the site. The round gives the investor a further...
CEE – AMC closes EUR 261m fund and 10 deals
Mezzanine Management Central Europe has reached a final close of EUR 261m for its latest fund, surpassing its EUR 200m target and even it’s EUR 250m original hard-cap.
CEE – Kala Capital launched in Georgia
Kala Capital, a new closed fund dedicated to investments in Georgia, has been launched by former Georgian Prime Minister, Zurab Nogaideli, and former captain of the Georgian national football team and Italy’s AC Milan player, Kakha Kaladze.
List-en to my fund
Listed funds suffered badly on the back of the liquidity crisis and negative press in 2007, with wide discounts the norm. Could investors be missing a trick or is there good reason to shy away?
Infra a shock
The liquidity bubble came to define the term infrastructure and gave a false picture of market depth. Private equity firms’ keen on snatching a piece of the infrastructure pie should be warned: there may not be enough to go around.
Public markets and private equity
Conditions in the public markets present an opportunity on the acquisition front but restrict exit options
GLOBAL – Partners closes EUR 447m mezz fund
Swiss-based asset manager Partners Group has reached a EUR 447m final close for its global mezzanine fund, soaring past the EUR 300m target. The fund has already made 11 investments in 2008, corresponding to 50% its capital.
CEE – Connexio and ZJ to launch new private equity product
According to sources, Austrian management consulting companies Connexio and ZJ Consulting plan to launch private equity fund focusing on Central and Eastern Europe.
WORLD - Covington & Burling appoint two
Covington & Burling LLP has appointed Timothy Clark and Loretta Shaw-Lorello as partners in the firm's corporate practice in New York. Clark will co-chair the firm's private equity practice.
EUROPE - EIF makes two appointments
The European Investment Fund (EIF) has appointed Richard Pelly as chief executive officer and Jean-Marie Magnette as deputy chief executive. Richard Pelly succeeds Francis Carpenter, whose term of office ended in February.
RUSSIA – TPG acquires 50% of SIA for $800m
US fund TPG has invested approximately $800m in Russian drug distributor SIA International in exchange for a 50% stake. TPG acquired the stake from the founder, who holds the balance of the shares.
World - Capital Dynamics promotes Cynthia Duda
Capital Dynamics has promoted Cynthia Duda to managing director. Duda has over 20 years of private equity experience.
RUSSIA - Three private equity funds acquire Geotek
According to sources, Farallon Capital Management, AIG Private Equity and Black River Asset Management have acquired 20% of Geotek, a Russian holding providing oilfield services.
CEE - Darby Overseas recruits Sean Glodek in Warsaw
Darby Overseas Investments has recruited Sean Glodek as senior president in its Warsaw office.
EMERGING MARKETS – Actis appoints former Barcap leveraged finance founder
Actis, a prolific investor in emerging markets private equity, has appointed Chris Coles to assist with the firm’s risk management, deal sourcing, financing and portfolio management.
CEE - Advent backs Dufa Deutek
Advent's portfolio company Dufa Deutek, a Romanian decorative paints producer, has acquired Bengoss, a mortar and core adhesives producer in the Romanian market, for EUR 19m.
EUROPE – DN Capital reaches EUR 50m first close
Unquote” has learned from a limited partner that European early stage and growth equity investor DN Capital has reached a first close of its second fund, Global Venture Capital II (GVC II). The fund raised just under half of its EUR 100m target and...
CEE - EnerCap recruits Miroslav Antalik
EnerCap Capital Partners has recruited Miroslav Antalik as investment manager. He will be responsible for structuring and negotiation of senior debt and mezzanine financing of investments in renewable energy projects made by EnerCap Power fund I.
CEE – Advent International buys LaborMed
Advent International has acquired pharmaceutical company LaborMed from its founders. It plans to build the company through organic growth and acquisition of companies with specialist complementary drug portfolios. It is also bringing a new senior management...
CEE - Morgan Stanley opens in Kiev
Morgan Stanley has appointed Ihor Mitiukov as head of the newly-opened office in Kiev. He will work closely with Pavel Fedorov, head of investment banking, to develop Morgan Stanley's business in the region.