CEE
Resilient Romania attracting PE
PE investment across all brackets has picked up in Romania this year, and CEE stalwart Mid Europa has just opened an office in the country
LP Profile: Saranac Partners
Established in 2016, Saranac Partners is a multi-family office and financial advisory firm
Tera Ventures et al. in $1.4m seed round for Snackable
Existing and new investors back the Estonian-American startup in its second investment round
LP Profile: Polish Development Fund
The Polish Development Fund's private equity programme has kicked into gear this year, making three fund investments with more in the pipeline. Oscar Geen speaks to Annemarie Dalka about PFR's formation and investment strategy
Advent raises $2bn for tech fund
Fundraise comes shortly after the $17.5bn final close of the GP's flagship product, GPE IX
Anacap raises €1bn for credit fund
Vehicle was launched in November 2018 with a $750m target and raced to a first close on $600m
Unquote Private Equity Podcast: Cloudy with a chance of slowdown
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses H1 stats and looks ahead
H1 Review: Fundraising and local capital herald CEE buyout revival
Baltic market stands out, recording a higher than usual share of the wider region's dealflow
Secondaries volume up 25% in H1 – research
Setter Capital's latest research reveals a sizeable uptick in private debt deals, though private equity secondaries still dominate the market
Mid Europa opens Bucharest office
New office will be led by Berke Biricik, a principal who joined Mid Europa in 2013
GP-stake sales controversial among LPs
LPs are naturally reticent about their GPs selling stakes in themselves, as emphasis to boost profits from management fees strengthens
Buying and building the modern school
Investments in European private schools and colleges have proven enriching for PE over the past two decades
Innova closes sixth fund on €271m
Innova Capital has held a final close for its sixth fund on €271m.
Genesis buys 11 Entertainment Group
11 Entertainment Group is the eighth investment from Genesis Private Equity Fund III
Battery Ventures leads $33m round for Mews
Battery leads the series-B round, with principal Sanjiv Kalevar joining the board
Baltcap sells Auto24 to Apax-backed Baltic Classifieds
Auto24 marks the first bolt-on since Apax's investment and diversifies the group's portfolio
Actera Group sells Kamil Koç to VC-backed FlixBus
Sale ends a six-year holding period for Actera, which acquired Kamil Koç for approximately €25.5m
Mid Europa-backed Regina Maria buys Somesan Clinic
Addition of Somesan extends Regina Maria's reach to 19 counties and adds 20 outpatient clinics
Q2 Barometer: small-cap boom offsets mid-market lull
Europe records 533 buyout, expansion and early-stage investments over Q2, a nine-quarter low
Nation 1 launches debut fund with a target of €35m
Vehicle plans to invest in Czech startups and small and medium-sized companies with global ambition
Nordic region sees highest entry multiples for sixth quarter running
Q2 edition of the Clearwater International Multiples Heatmap finds a slight cooldown across Europe, though the average multiple still exceeds 10x
Abris buys Global Technical Group
Tenth investment from Abris CEE Mid Market Fund III, a €500m buyout fund that closed in 2017
Innova buys Optiplaza
GP draws capital from Innova 6, a fund with a target of €325m that held a first close on €196m
Alcentra closes European direct lending fund on €5.5bn
Predecessor held a final close on тЌ4.3bn in 2017 and had an average ticket size of around тЌ100m