Rhea Venture acquires DentIstanbul
Rhea Venture Capital Investment Trust has wholly acquired Turkish dental care provider DentIstanbul from Global Environment Fund (GEF).
GEF invested $17m in the company in 2007, which did not generate desired profits and was almost forced to be liquidated.
Rhea was founded in 1996 and is the first venture capital investment trust in Turkey. Its 2010 investments include companies such as Nortel Netaş, Seta Medikal, Netsafe Bilgi Teknolojileri, Envitec Çevre Teknolojileri and Marferi Feribotları.
More on CEE
VC Profile: Kogito Ventures in the market with new early-stage fund, targets EUR 40m
Lux-registered UPWIND VC has already secured EUR 10m in commitments; Polish GP aims to kick of deployment in 2024
Innova exits Trimo for 4.5x money
Deal values the Slovenian buildings supplier at 9.5x 2021 EBITDA; GP's 2020 exit attempt collapsed after lengthy competition process
Abris buys dentistry supplier Dentstore
Dentstore is Abris's third acquisition in the dental supplies sector, after Dentotal and Dentechnica
TEP Capital to build portfolio of six Polish investments
Poland-based TEP Capital was set up a year ago and is funded by German conglomerate Thomas Gruppe
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds