CEE
Innova to acquire majority stake in CS Group Polska
Deal is the fourth investment made from the GP's sixth fund, which has a €325m hard-cap
Advent hits $17.5bn hard-cap for ninth fund
Close puts it just inside the top 10 for largest Europe-focused buyout funds ever
Sector specialisation taking hold in Europe
European private equity firms are sharpening their investment focus by restricting the number of sectors they target
Mid Europa sells Knjaz Miloš to KMV, PepsiCo JV
GP makes the divestment from Mid Europa IV, ending a holding period of four years
Avia Capital increases fundraising target
Fund was launched in 2016 with a €50m target and held a first close in September 2016 on €25m
Unquote Private Equity Podcast: Generation game
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses new generations working in private equity
Avallon-backed Fiten files for bankruptcy
Fiten posted a loss of PLN 9.5m from sales of PLN 227.8m in 2018, according to company records
TFI sells stake in Piotr i Pawel to Spar
Spar acquires the business through its Polish subsidiary, Wasz Sklep Spar, and TFI retains a minority
BC- and KKR-backed United Group bolts on Tele2 Croatia
Deal is the Dutch telecommunications group's first acquisition under BC's tenure
Entry multiples heating up further in Q1 – research
Average value for PE-backed transactions increased by nearly 15% versus Q4 2018, says Clearwater
Baltic GPs move upmarket
Combined volume of funds currently raising capital in the region is more than double the entire capital raised since 2012
Unquote Private Equity Podcast: Sector selectors
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses sector specialisation strategies
Impact investment demand outstripping supply – research
LP demand is high but met with a lack of high-quality offerings, according to a Rede survey
LGT closes Crown Co-investment Opportunities II on $1.3bn
Closed-ended vehicle that focuses on co-investments in Europe, the US and Asia, was oversubscribed
VC firms back €1.1m round for FintechOS
GapMinder VC, Launchub Ventures and Gecad Ventures take part alongside unnamed angel investors
All eyes on venture as corporates and PE swoop in
Up to 17% of venture investments in 2018 saw the backing of an investor based outside Europe
One Peak, Goldman Sachs lead €80m series-E for DocPlanner
Existing investors Piton Capital and Enern Investments also take part in the funding round
V4C buys Dreamcommerce
Second investment from the GP's V4C Poland Plus Fund, a vehicle fundraising towards a €150m target
Q1 Barometer: Price mismatch knocks dealflow
European buyout activity fell to its lowest point since Q1 2016 in the first quarter of 2019, but a large-cap rebound bolstered aggregate value
Jet Investment buys Tedom
GP draws capital from Jet II Fund, which held a final close on CZK 4bn (€153m) in November
Finch, Velocity co-lead €14m series-B for Twisto
Existing investors ING Ventures, Uniqa Ventures and ING Bank also take part in the round
Apax buys Baltic Classifieds Group
First deal Apax has made in the Baltic region and only the second in the CEE region
European direct lending up 9% but turbocharged growth wanes
Rate of growth in alternative debt deals slows from 32% in 2017, according to Deloitte's Alternative Lender Deal Tracker
Unquote Private Equity Podcast: Karmic balance sheets
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses recent developments in the impact investment space