CEE unquote
CEE buyout market picks up after record low in Q1
Dealflow has rebounded, but pricing expectation mismatches are still an obstacle to overcome
INVL invests €30m in Grigeo carve-out
Subsidiary of the fund will acquire 49.99% of the division's shares in a two-part transaction
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
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
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
Baltic GPs move upmarket
Combined volume of funds currently raising capital in the region is more than double the entire capital raised since 2012
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
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
CEE venture ecosystem matures as buyout market stalls
With the buyout market at an inflexion point, the local venture capital scene could be the one grabbing headlines in the coming months
Innova buys Chemes from Abris
Sale ends a three-and-a-half-year holding period for Abris, which invested from its second fund
Espira acquires Icon
Icon was acquired from the joint administrators of former energy broker Utilitywise
Vitruvian-backed Technogroup bolts on CPU Service
Vitruvian acquired Technogroup from Caldec Holding and the company's founding shareholders in 2017
Bogazici Ventures launches $346m triple fundraise
GP launches a $100m Crypto Fund to invest in ICOs, STOs and other cryptocurrencies
Horizon buys minority stake in Dobrobut
GP draws capital from its $200m Emerging Europe Growth Fund III, which closed in January
Mid Europa buys Mlinar
GP is currently investing from Mid Europa V, which held a final close on €500m in December
Livonia Partners to launch new fund
New fund expects to raise in 12 months and will deploy equity tickets in the range of €10-20m
Rockaway Capital backs $6.9m series-B for Gjirafa
Fresh capital will be used by the firm to scale its current products across the region
Arx buys two Czech facades businesses
Newly created business will be rebranded as Fenestra and expects sales of €40m this year
Innova buys Drukarnia Embe Press
Deal is only the second PE-backed buyout completed in Poland in 2019 and the third in CEE
