CEE unquote
Czech GP Genesis hits €80m hard-cap for third fund
Prague-based private equity fund held a first close on €44.7m in August 2015
Genesis Capital sells AZ Klima in trade sale
Exit to trade buyer ČEZ Esco sees the second Genesis fund sell its entire shareholding in AZ
Global Finance exits TotalSoft in €30m deal
Transaction had an enterprise value of €30.25m and trade buyer paid an entry multiple of 8.6x
Polish buyouts keep CEE afloat
Poland has established itself as the largest buyout space in CEE
Post-communist succession driving Czech dealflow
First generation of entrepreneurs that followed the fall of the Soviet Union look for new owners
EBRD, Goldman Sachs and Credit Suisse invest $150m in TFI
Consortium will acquire a stake through a $150m bond issue by the Turkish fast food franchise operator
Genesis Capital completes Roltechnik trade sale
Exit to German trade buyer Roth Industries brings to an end eight years of Genesis ownership
Abris buys Green Group
EBRD and Global Finance exit the business after investing €23.5m in 2011
Abraaj holds $526m final close for 1st Turkey-focused fund
GP has held a final close of its first dedicated Turkey vehicle, Abraaj Turkey Fund I
Mid Europa appoints two managing partners
Knorr and Strassberg take reins as Baudon steps down to become executive chair
Carlyle’s Comdata buys Turkish peer Win Bilgi Iletisim
Deal follows the recent bolt-on acquisition of Spanish competitor Digitex in February 2016
Arx Equity holds €54m first close for Arx CEE IV
CEE-focused private equity firm raises €54m at first close for Arx CEE IV
CVC’s Avast in $1.3bn bid for AVG
Antivirus software developer, formerly owned by Enterprise Investors, is to be acquired by its Czech competitor
CEE exit pace rebounds on strong macro
So far in 2016, unquote” data has recorded the highest volume of exits in H1 since 2013
BaltCap’s EKT bolts on Jaakson Linnahooldus
Add-on acquisition comes six months after the GP took a 75% stake in EKT
Abris sells Novago to Chinese industrial investor for PLN 550m
China Everbright International will acquire Poland-based waste-to-energy group Novago
Addventure leads $3.2m series-A for Armut
Existing seed investor Hummingbird Ventures participated to the series-A funding round
Mid Europa increases holding in Waberer
GP ups its stake in the business after a five-year holding period
Enterprise Investors in €12.3m Nortal exit
Polish GP sells minority stake back to founders and management for milestoned purchase price
BC-backed Migros acquires Tesco’s Turkish shops for TL 302m
GP retains a 40.25% stake in the Turkish retail chain following a partial sale in January 2015
Genesis buys Quinta-Analytica
Buyout marks the first deal for the €80m Genesis Private Equity Fund III fund
BPM backs MBO of Optometrijas
Poland- and Estonia-based BPM is backed by the Baltic Innovation Fund
CEE private equity confidence rebounds
Despite low dealflow in 2015, PE confidence in central, eastern and south-eastern Europe is rebounding to more normalised levels
Target Global and EBRD in $20m series-C for DocPlanner
In addition to raising capital, the Polish startup will merge with Spanish competitor Doctoralia