CEE unquote
Mid Europa promotes six
CEE-focused firm Mid Europa Partners has promoted six team members.
BaltCap exits Primekss
BaltCap has sold its entire stake in Primekss, a Latvian industrial flooring specialist.
RDIF and EBRD back Cotton Way
The Russian Direct Investment Fund (RDIF) and the European Bank for Reconstruction and Development (EBRD) have invested RUB 3.6bn ($109m) in Cotton Way, a Russian textile and laundry rental company.
Earlybird holds first close for new CEE fund
Earlybird Venture Capital has held the first close of its CEE-focused early-stage fund, Earlybird Digital East Fund (EDEF), on $110m.
Abraaj buys Turkish dairy business Yörsan
The Abraaj Group has taken a majority stake in the buyout of Yörsan Group, a Turkish manufacturer and distributor of dairy products.
Estonian start-up Cloutex raises $600,000
Cloud service integration platform Cloutex has raised a $600,000 seed funding round from asset management firm United Partners, Baltic investor SmartCap and the EstBan business angel network.
Avallon raises €109m for MBO II fund
Polish investor Avallon has reached the €109m mark for its Avallon MBO II fund, a year after holding its first close on €60m.
Enterprise Investors and Intel sell Siveco back to management
Enterprise Investors and Intel Capital have sold Romanian software company Siveco Romania back to its management.
Strong finish to the year for faltering emerging market
A turbulent year for CEE private equity is ending on a high. Kimberly Romaine reports
Investcorp acquires Namet stake
Bahrain-based Investcorp has acquired a minority stake in Turkish meat company Namet Gida Saayi ve Ticareti.
Turkven buys Carlyle’s stake in Medical Park
Turkish private equity firm Turkven has acquired Carlyle’s 40% stake in hospital chain Medical Park.
Fastlane et al. back IQcard
Fastlane Ventures has taken part in a $3.7m funding round for IQcard, a Moscow-based provider of pre-paid bank cards and affiliated services for retailers.
Enterprise Investors divests Sklepy Komfort
Enterprise Investors (EI) has sold Polish flooring retail chain Sklepy Komfort to Barcocapital Investment, controlled by Polish entrepreneur Michal Solowow.
Phenomen et al. invest $8m in Delivery Club
Phenomen Ventures, Guard Capital and AddVenture have injected $8m into Delivery Club, a Moscow-based online food delivery company.
Dragon Capital backs Portmone
Dragon Capital has acquired a controlling stake in Portmone.com, a Ukrainian online payments system provider.
Ardian and Resource Partners increase Baltcom holding
Ardian and Resource Partners have bought out a minority shareholder in SIA Baltcom TV (Baltcom), a Latvian cable television operator, to increase their joint stake in the business.
Arx reaps 4.5x on Ergis Eurofilms exit
Arx Equity Partners has divested Polish plastics processor Ergis Eurofilms through a series of block trades to investors on the Warsaw Stock Exchange.
VEB injects $5m into rebranded Travel.ru
Venture capital-backed Oktogo.ru, which acquired Travel.ru in September, has rebranded as Travel.ru and announced a $5m investment by VEB Innovations.
VTB’s Tele2 Russia and Rostelecom merge mobile assets
VTB Capital-backed Tele2 Russia Holding is merging its mobile assets with the mobile division of Moscow Exchange-listed telecommunications company Rostelecom.
CapMan Russia exits Russian Baltic Pork Invest
CapMan has sold its holding in pig farm operator Russian Baltic Pork Invest (RBPI) to Thailand-based Charoen Pokphand Foods.
Almaz leads $6m round for Nival
Almaz Capital has led a $6m series-A funding round for Nival, a Russian game developer, alongside the company’s previous investors.
Estimote raises $3.1m
Poland- and US-based Bluetooth hardware company Estimote has raised $3.1m from a syndicate of venture capital firms, trade players and hedge funds.
Runa backs Anturis series-A
Runa Capital and VEB Innovations have injected $2m into Anturis, a Russia- and US-based provider of IT monitoring and troubleshooting services for SMEs.
iTech Capital invests $10m in Ticketland
Russian VC iTech Capital has injected $10m into Ticketland, a Moscow-based event ticketing group for eastern Europe.