CEE
POLAND - Enterprise Investors exit PEP on the Warsaw Stock Exchange
Enterprise Investors have sold their remaining stake in Polish Energy Partners (PEP) on the Warsaw Stock Exchange. This sale completes the exit of the financial investor from PEP after taking it private in 2005.
TURKEY – Advent International and Turkven acquire Roma Plastik
Financial Investors Advent International and Turkven Private Equity have acquired Turkish company Roma Plastik in a management buyout for EUR 56m. The company is currently one of the world’s top five manufacturers of edge bands for furniture and Turkey’s...
ROMANIA – GED sells its stake in Continental Hotels
Spanish private equity management company GED has sold its 20.11% equity stake in Romanian hotel chain Continental Hotels to the current management, RED Group.
POLAND – Advent International acquires the ULTIMO Group
Private equity investor Advent International has acquired the polish debt purchase and debt collection business ULTIMO Group from the company’s founders and funds managed by AIG Capital Partners Inc. The value of the transaction is undisclosed.
HUNGARY - Mid Europa and GMT to cash in on Invitel
Central and Eastern European investors Mid Europa Partners and GMT Communications Partners are to raise €118m through the partial sale of Hungarian telco Invitel back to management. The investors will each sell 14.2% of the company, leaving Mid Europa...
CZECH REPUBLIC - Advent sells CCS to FleetCor Inc
Advent International has concluded an agreement to sell its portfolio company CCS Èeská spoleènost pro platební karty a.s. to FleetCor Inc. The deal is structured as a cash and share transaction and will enable Advent to return funds to its investors...
BULGARIA - DLA Piper opens Sofia office
DLA Piper has announced the opening of a new office in Sofia to strengthen the presence of its 11 other offices in Central and Eastern Europe and the Commonwealth Independent States. The Sofia office will initially advise clients with a team of seven...
LATVIA - Darby Overseas Investments backs dairy
Darby Overseas Investments has made an EUR 8m investment in Rigas Piensaimniekes, a Latvian dairy products producer. The investment was made via Darby Converging Europe Mezzanine Fund (DCEMF) and is its first investment since it closed on 1 November 2005....
HUNGARY - Permira to acquire BorsodChem Nyrt
Permira has made a public purchase offer for all registered shares in BorsodChem Nyrt, which values Borsod's equity at approximately EUR 850m. The offer price per share is HUF 3,000 and is being made by First Chemical Holding Vagyonkezelö Kft, a holding...
ESTONIA - Estonia's development agency to hire more representatives abroad
Enterprise Estonia, Estonia's economic development agency, will recruit new employees to take up positions at its new field offices abroad. New staff will set up and run international offices in San Francisco Bay Area and in Kiev.
TURKEY - Turkish exit for Advent International
Advent International and its Turkish investment partner, Turkven Private Equity, have sold their 50% holding in Turkish packaged bread producer, Unmas, to the shareholders of their strategic partner, Doruk, for $18 million.
CZECH REPUBLIC - Mid Europa sells cable company
Central and Eastern European investor Mid Europa Partners (MEP) has sold its 82% stake in Czech cable company Karneval Media to UPC, the Czech Republic’s number one player. The EUR 322.5m deal saw the bankers of UPC (Deutsche Bank and JPMorgan) take control...
ROMANIA - GED completes Romanian deal
GED Private Equity, a mid market investor in Iberia and South Eastern Europe, has acquired a majority stake in four Romanian mobile phone distributors in a EUR 4.5m deal. The investor plans to consolidate and rebrand the companies at the beginning of...
TURKEY - European Investment Fund and TTGV announce collaboration
The European Investment Fund (EIF) has signed a collaboration agreement with the Technology Development Foundation of Turkey (TTGV). TTGV is a non-governmental organisation that aims to support research, technology development and entrepreneurship, and...
LITHUANIA - CapMan exits Drobe
CapMan has sold its holding in Lithuanian Drobe Wool Company to Plaza Corporation, a Lithuanian industrial development company.The CapMan funds Finnventure IV and Finnventure V originally invested in Drobe in 2000 along with the European Bank for Reconstruction...
CROATIA - Mid Europa makes first Croatian investment
Central and Eastern European investor Mid Europa Partners has made its first investment in Croatia with its acquisition of Heidelberger Calcium Aluminates (HCA).
HUNGARY - Royalton sells educational publisher
Royalton Capital Investors, an investor in Central and Eastern Europe, has sold Hungarian educational publisher Láng Kiadó és Holding Zrt (Láng) to Sanoma WSOY Education, a Finnish educational publishing company. Financial terms of the deal were not disclosed....
POLAND - Bankier SA lists on Warsaw Stock Exchange
Polish finance portal Banker SA, a bmp portfolio company in which its managed fund CEEV GmbH holds a stake, listed on the Warsaw Stock Exchange today. The opening price was PLN 8.25 per share, 10% over the issue price of PLN 7.50.
CROATIA - Mid Europa secures calcium aluminate business
Mid Europa Partners has acquired Heidelberger Calcium Aluminates from HeidelbergCement Group. The transaction includes Heidelberg Cement's 92.4% stake in Istra Cemment d.o.o., a production facility based in Croatia, as well as two trading entities in...
EUROPE - EVCA stats show returns improved in 2005
The European private equity industryтs final performance figures for 2005 show steadily improving returns across all parts of the industry. The long-term returns have now increased to more than 10% due to the improved performance of short-term returns...
EUROPE - EVCA reports 2005 a record year for private equity
EVCA has announced the final fundraising, investment and divestment figures for European private equity in 2005 at its annual Symposium in Monte-Carlo. The annual figures show records for all three stages of activity in the industry. After three years...
EUROPE - EVCA appoints new chairman
At the annual ordinary general assembly of the European Private Equity and Venture Capital Association (EVCA) last night, Javier Loizaga, CEO and Managing Partner of Mercapital, was officially elected as association chairman for the period June 2006 to...
TURKEY - AIG Capital Partners invests in Turkish retailer
AIG Capital Partners, a member company of AIG Global Investment Group, announced today it has indirectly acquired a substantial position in For You Bakým Ürünleri Maðazalar L.Þ. The investment, which also included participation by Eastern Retail Holding...
EUROPE - Apax Partners publishes report on the future of private equity
Apax Partners, together with the Economist Intelligence Unit, has produced a report on the future of private equity. This follows a 2002 report in which it accurately predicted deal sizes increasing significantly and liquidity improving.