CEE
EUROPE - CVC hires former RBS CFO
CVC Capital Partners has appointed former Royal Bank of Scotland (RBS) chief financial officer Fred Watt as chief operating officer.
CEE - Advent International announces new Ukraine team
Advent International has appointed Tamas Nagy and Natalie Polischuk as the first members of its Kiev team.
CEE - Enterprise Investors appoints two new partners
Enterprise Investors has appointed Monika Nachyla as a new partner, and promoted Christian Nacu, the head of the firm's Romania office, to partner.
EUROPE - Bear Stearns Private Equity seizes the moment
In an interview with unquote", Bear Stearns Private Equity director Greg Getschow explains that market upheaval can be good for business and how GPs will have to rediscover the essence of private equity. The last few weeks have been a challenging...
GLOBAL - Carlyle postpones IPO
The Carlyle Group has put back plans for an IPO until 2008, David Rubenstein said in an interview with Financial Times Deutschland. He blamed the delay on the uncertainty in the debt and equity markets and also said that he expected one quarter of agreed...
POLAND - Carlyle opens office in Warsaw
Carlyle has opened an office in Warsaw to source investments in Central and Eastern Europe, further proof of the growing strength of the region. The team will be headed by Ryszard Wojtkowski who has been recruited from CEE specialist Enterprise Investors....
CEE - Enterprise Investors’ Sklepy acquires competitor
Enterprise Investors’ portfolio company Sklepy Komfort has acquired its trade rival in a PLN12m (EUR 3.2m) deal. Sklepy is Poland’s largest retailer of carpets and flooring, and was wholly acquired by Enterprise in April for EUR 64m. Topwert Œwiat...
CEE - AIG acquires 90% stake in BTC
AIG Capital Partners has acquired a 90% stake in Bulgarian Telecommunications Company following approval from relevant regulatory authorities. AIG will launch a tender offer for the remainder of the company’s shares, which are currently listed on the...
EUROPE - European private equity leaps on cleantech
The concern with environmental issues and the consequent demand for solutions related to the generation of renewable energy and waste management has made cleantech a sought-after sector for European GPs. Dealflow in the sector has seen a noteworthy increase...
CEE - Darby closes EUR 300m Central Europe mezzanine fund
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has closed its Darby Converging Europe Mezzanine Fund (DCEMF) with total capital commitments of EUR 248m. After the expected refinancing of a EUR 65m bridge loan, the...
CEE – ING appoints heads of leveraged finance, high yield
ING Wholesale Banking has appointed Martijn Bruins as head of leveraged finance and sponsor coverage for Central & Eastern Europe. Based in London, Bruins began his new role on Monday. He has been with ING since 1992, most recently as managing director...
CEE - Penta is interested in Polish press kiosk chain Ruch
It is widely reported that Penta Group is considering making a bid for Ruch, a Polish press kiosk chain. The Polish Treasury, which sold a minority stake in the company last year, plans to sell a 50% stake plus one share.
RUSSIA - Lion Capital acquires Nidan
Lion Capital has reached an agreement with the shareholders of Nidan Soki to acquire the Russian branded juice business. The transaction, which is conditional upon regulatory approval, is expected to close in September. Nidan was advised by Troika Dialog,...
CEE - AIG Investments sells Jetfinance International to BNP Paribas
AIG Investments has sold JetFinance International, a Bulgarian specialised consumer finance company, to Cetelem, a subsidiary of BNP Paribas.
CEE - GED and Caja Madrid launch private equity real estate fund for South Eastern Europe
Spanish private equity company GED and Spanish saving bank Caja Madrid have set up GED Real Estate Eastern Investments (GED REEI) with initial capital of EUR 25m. The fund will invest in 10-15 projects with an investment amount of EUR 5m - 15m per project,...
RUSSIA - Aurora Russia acquires 26% stake in Unistream Bank
Aurora Russia Ltd has completed the second stage of investment in Unistream Bank , bringing its total shareholding in Unistream to 26%. Aurora Russia first invested in Unistream in April 2007, acquiring a 17.7% stake for $13.3m. Following approval from...
RUSSIA - Great Circle invests $21.1m in STS Logistics
Great Circle Fund has invested $21.1m in Moscow-based STS Logistics, a Russian freight forwarding, warehousing and customs services provider. The expansion deal represents the first investment of the $190m Great Circle Fund, which targets transportation,...
CEE - Quinlan Private sells Polish shopping centre for EUR 128m
Quinlan Private and the Borgestad Group have sold the Forum Shopping Centre in Gliwice, Poland to German real estate investment company Deka Immobilien for EUR 128m. Quinlan Private is a Dublin-based private equity and real estate group and Borgestad...
RUSSIA - Mint Capital invests $8m in Russian beauty salons chain Mone
Mint Capital has agreed to make an $8m direct equity investment in Russian hairdressing and beauty salons chain Mone. The deal gives the private equity house a more than blocking stake in the company. Two of Mint Capital's representatives will join Mone's...
CEE - Equest Investment Balkans acquires stake in Romanian electronics retail business
Equest Investment Balkans has acquired a 75% stake in Domo Retail S.A., a Romanian consumer electronics and household appliances retailer, through its 75% owned subsidiary Lynx Property B.V. A shareholders agreement will require Domo's founding shareholders...
CEE - 3TS invests in Romanian Romprest Services
3TS has acquired a 30% stake in Romprest Services SA, the Romanian cleaning and facilities management group. The investment was made from the 3TS Central European Fund II in which 3i is the sole investor.
CEE - Mid Europa Partners buys Medycyna Rodzinna from Enterprise
Mid Europa Partners has agreed to acquire up to 100% of Medycyna Rodzinna S.A. from Polish Enterprise Fund LP, the fund managed by Enterprise Investors, and several individual investors. The deal, expected to close in the second half of 2007, will be...
EUROPE - Balderton Capital invests in TvTrip.com
Balderton Capital has invested EUR 3.5m in TVtrip.com alongside Partech International. Balderton Capital was formerly known as Benchmark Capital Europe.
CEE - 3i appoints Andrzej Szostak to CEE buyout team
3i has appointed Andrzej Szostak to its Central and Eastern Europe buyout team, led by partner Stuart McMinnies. Szostak will be primarily based in Warsaw, with the remainder of his time divided between London and other parts of the CEE region. He will...