CEE
Eurozone shows greater appetite for Turkish delight
Turkish delight
Advent to close Turkey office
Advent International will close its Turkey office by the end of the month, raising questions about the once burgeoning market it has been involved in since 2001.
Enterprise takes stake in Nu-Med
Enterprise Investors has backed Polish radiotherapy centre operator Nu-Med, taking a minority stake.
LitCapital et al. back Baltic Bicycle Trade
LitCapital and German firm Panther International have invested $1.8m in Lithuania-based electric bicycle company Baltic Bicycle Trade.
CEE unquote" March 2013
Around 10 years ago, when the first wave of CEE accession into the EU was ready to go, most observers noted that Brussels’ assurances to Istanbul about eventual membership were empty and simply an effort to keep the Muslim country on a short leash.
Russian Direct Investment Fund seeks partnership with Germany
State-backed Russian Direct Investment Fund (RDIF) is looking to form a strategic partnership for co-investments with Germany, according to reports.
Innova sells Donako to Rudolf Weinberger Holding
Innova Capital and co-owner Zeleznik Industrie Consulting GmbH have sold Polish industrial manufacturing business Donako to Austrian trade buyer Rudolf Weinberger Holding.
Penta Investments opens Munich office
Penta Investments has opened an office in Munich and appointed Thomas von Werner as country managing director.
Abris closes latest CEE fund on €450m
Abris has exceeded expectations to reach hard-cap for its Abris Capital Fund II – despite no exits since the GP was founded in 2007.
Abraaj Capital mulling Acibadem Sigorta sale
Abraaj Capital is planning to sell its 50% stake in Turkish health insurer Acibadem Sigorta, according to reports.
4D Global invests $17m in Aladdin Middle East
4D Global Energy Advisors has invested $17m in Aladdin Middle East, an oil and gas company with primary operations in Turkey, as part of a $20m funding round.
Acanthus: Private equity fundraising remained tough in 2012
Research from mid-market advisory firm Acanthus shows that 2012 saw an even tougher fundraising climate than the previous year.
Mid Europa announces 2013 promotions
CEE-focused buyout house Mid Europa Partners has promoted six members of its team.
Elbrus buys OSG Records Management from Aurora Russia
Elbrus Capital has acquired Russian storage and records company OSG Records Management from Russian investment company Aurora Russia.
Enterprise Investors injects €2.2m into EP Serwis
Enterprise Investors has completed a €2.2m financing round for Polish pallet services company EP Serwis.
Moscow Exchange IPO sets market cap at $4.2bn
Private equity-backed Moscow Exchange (MICEX) has set its IPO offer price at RUB 126.9bn ($4.2bn).
CEE unquote" February 2013
Last year, European private equity was abuzz with exits paving the way for fundraisings, and CEE was no exception.
Actera Group buys 50% of Celebi Aviation Holding
Actera Group has acquired a 50% stake in Turkish aviation services business Celebi Aviation Holding, according to reports.
IMI.VC backs Game Insight with $25m
Russian investor IMI.VC has invested $25m in Moscow-based mobile gaming network Game Insight, valuing the company at $550m.
Upcoming IPO values Moscow Exchange at c$4bn
Private equity-backed Moscow Exchange has set a price range of RUB 55-63 per share for its flotation, according to reports.
International interest picks up in Central & Eastern Europe
European private equity was abuzz with exits paving the way for fundraisings last year, and CEE was no exception. Kimberly Romaine reports
Mid Europa-backed Bitė refinances debt
Mid Europa's Lithuanian telecoms company Bitė has refinanced its existing debt with €200m of senior secured floating rate notes at a 7.5% margin.
Conor Venture Partners et al. back Crystalsol
Conor Venture Partners has led an €8m series-A financing round for Crystalsol, a flexible photovoltaic film company based in Vienna and Tallinn.
Capital Dynamics and Arx buy Fincentrum
Capital Dynamics and Arx Equity Partners have bought a majority stake in Czech financial advisory services provider Fincentrum for an estimated CZK 750m.