CEE unquote
BaltCap offloads Medicap to synlab
Baltic-focused private equity firm BaltCap has sold Medicap Holding to European laboratory services provider synlab.
Abraaj divests Acibadem Insurance
The Abraaj Group has sold its 50% stake in Turkish health insurance firm Acibadem Sağlık ve Hayat Sigorta (Acibadem Insurance) to Khazanah Nasional Berhad, the Malaysian government’s strategic investment fund.
MCI backs Answear.com
MCI Management has invested in Polish online fashion retailer Answear.com in return for a minority stake.
Turkey’s Evim.net raises $5m
Evim.net, a Turkish homeware e-commerce site, has raised a $5m series-A round from 212, Simile Ventures and the European Bank for Reconstruction and Development (EBRD).
IK mulling sale of Axtone
IK Investment Partners is reportedly planning to exit Axtone, a Polish rail freight buffer manufacturer.
CloudArena raises $1.5m from Aslanoba and 212 Capital
Istanbul-based CloudArena, a hospitality-focused cloud software provider, has received $1.5m in early-stage funding from Aslanoba Capital and existing backer 212 Capital Partners.
Blue Sea Capital’s MediGroup acquires Jedro
Blue Sea Capital's portfolio company MediGroup has agreed to acquire Serbian outpatient services provider Dom Zdravlja Jedro from Delta Generali Insurance.
İş Private Equity offloads Aras Kargo stake
Turkey-based İş Private Equity has sold its 20% holding in parcel delivery group Aras Kargo to Austrian Post in a deal worth €50m.
Tar Heel backs Rockfin in first investment from Fund II
Tar Heel Capital has acquired a 60% stake in Rockfin, a Polish supplier of hydraulic and pressure systems.
EIF and KOSGEB launch €250m Turkish fund-of-funds
The European Investment Fund (EIF) and the Small and Medium Enterprises Development Organisation of Turkey (KOSGEB) have established a Turkey-focused fund-of-funds targeting €250m.
Mir Capital buys stake in Packer Service Group
Mir Capital has made its first investment with the acquisition of a non-controlling stake in Russian oil and gas solutions firm Packer Service Group.
Enterprise closes Polish Enterprise Fund VII on €314m
CEE-focused GP Enterprise Investors has closed its latest fund, Polish Enterprise Fund VII (PEF VII), on €314m.
Mid Europa acquires Polish Cable Railways for PLN 215m
Mid Europa Partners has wholly acquired Polish Cable Railways (PKL), Poland’s oldest cable car provider, from the state-owned Polish State Railways (PKP) group for PLN 215m.
Law firm Edwards Wildman Palmer opens in Istanbul
Private equity-focused law firm Edwards Wildman Palmer (EWP) is set to open an office in Istanbul, covering the CEE and MENA regions in addition to the Turkish market.
Darby exits Sirma to Danone
Darby Private Equity is set to sell its holding in Sirma, a Turkish bottled water and beverages manufacturer.
Bancroft Private Equity sells €107m Starman to East Capital Explorer
Bancroft Private Equity has sold its majority stake in Estonian cable TV provider Starman to investment company East Capital Explorer.
Warburg Pincus buys stake in Inea
Global private equity firm Warburg Pincus has acquired a minority stake in Polish cable operator Inea SA.
Enterprise reaps 10x on Magellan
CEE investor Enterprise Investors makes 10x on share sale of Magellan, 10 years after backing the business. The returns come just a week after the GP made 9x on Kruk.
Elbrus Capital buys minority stake in B2B-Center
Elbrus Capital has acquired a 23% stake in Russian online procurement marketplace B2B-Center.
Enterprise makes 9x on Kruk
Central European investor Enterprise Investors has fully exited its investment in Kruk after a 10-year holding period.
CEE unquote” April 2013
It’s official: Central and Eastern Europe is unsexy. It is the least desirable geography for family offices to invest in, according to the Investec Family Office Intelligence Survey, an unquote" sister brand, conducted in March.
CVC in court over $800m beer tab
CVC Capital Partners’ sole deal in Central & Eastern Europe – the local breweries of Anheuser-Busch InBev, StarBev – may leave the GP with a nasty hangover after court filings revealed AB InBev is seeking earn-out money following CVC’s subsequent...
Enterprise Investors backs Elemental Holding with €7m
Enterprise Investors has injected €7m into Polish specialist recycling company Elemental Holding in exchange for a 10.2% stake in the business.