CEE unquote
CapMan raises €97m for Russia II fund
CapMan has held a first close for its CapMan Russia II (CMR II) fund on €97m.
Founder of CEE GP Penta steps down
Martin Kúšik, the co-founder of central European investment group Penta Investments Group, will end his operational involvement in the firm he set up in 1994.
Advent to close Turkey office
Advent International will close its Turkey office by the end of the month, raising questions about the once burgeoning market it has been involved in since 2001.
Enterprise takes stake in Nu-Med
Enterprise Investors has backed Polish radiotherapy centre operator Nu-Med, taking a minority stake.
LitCapital et al. back Baltic Bicycle Trade
LitCapital and German firm Panther International have invested $1.8m in Lithuania-based electric bicycle company Baltic Bicycle Trade.
CEE unquote” March 2013
Around 10 years ago, when the first wave of CEE accession into the EU was ready to go, most observers noted that Brussels’ assurances to Istanbul about eventual membership were empty and simply an effort to keep the Muslim country on a short leash.
Russian Direct Investment Fund seeks partnership with Germany
State-backed Russian Direct Investment Fund (RDIF) is looking to form a strategic partnership for co-investments with Germany, according to reports.
Innova sells Donako to Rudolf Weinberger Holding
Innova Capital and co-owner Zeleznik Industrie Consulting GmbH have sold Polish industrial manufacturing business Donako to Austrian trade buyer Rudolf Weinberger Holding.
Abris closes latest CEE fund on €450m
Abris has exceeded expectations to reach hard-cap for its Abris Capital Fund II – despite no exits since the GP was founded in 2007.
Abraaj Capital mulling Acibadem Sigorta sale
Abraaj Capital is planning to sell its 50% stake in Turkish health insurer Acibadem Sigorta, according to reports.
4D Global invests $17m in Aladdin Middle East
4D Global Energy Advisors has invested $17m in Aladdin Middle East, an oil and gas company with primary operations in Turkey, as part of a $20m funding round.
Mid Europa announces 2013 promotions
CEE-focused buyout house Mid Europa Partners has promoted six members of its team.
Elbrus buys OSG Records Management from Aurora Russia
Elbrus Capital has acquired Russian storage and records company OSG Records Management from Russian investment company Aurora Russia.
Enterprise Investors injects €2.2m into EP Serwis
Enterprise Investors has completed a €2.2m financing round for Polish pallet services company EP Serwis.
Moscow Exchange IPO sets market cap at $4.2bn
Private equity-backed Moscow Exchange (MICEX) has set its IPO offer price at RUB 126.9bn ($4.2bn).
CEE unquote” February 2013
Last year, European private equity was abuzz with exits paving the way for fundraisings, and CEE was no exception.
Actera Group buys 50% of Celebi Aviation Holding
Actera Group has acquired a 50% stake in Turkish aviation services business Celebi Aviation Holding, according to reports.
IMI.VC backs Game Insight with $25m
Russian investor IMI.VC has invested $25m in Moscow-based mobile gaming network Game Insight, valuing the company at $550m.
Upcoming IPO values Moscow Exchange at c$4bn
Private equity-backed Moscow Exchange has set a price range of RUB 55-63 per share for its flotation, according to reports.
International interest picks up in Central & Eastern Europe
European private equity was abuzz with exits paving the way for fundraisings last year, and CEE was no exception. Kimberly Romaine reports
Mid Europa-backed Bitė refinances debt
Mid Europa's Lithuanian telecoms company Bitė has refinanced its existing debt with €200m of senior secured floating rate notes at a 7.5% margin.
Capital Dynamics and Arx buy Fincentrum
Capital Dynamics and Arx Equity Partners have bought a majority stake in Czech financial advisory services provider Fincentrum for an estimated CZK 750m.
Avallon planning to raise €107m for second fund
Avallon MBO Fund II, which is planning to raise €107m for investing in Eastern European SMEs, has hit a first close after securing a cornerstone investment from the European Bank for Reconstruction and Development (EBRD).
Mitsui invests in Globalturk-backed Tempo
Japanese investment company Mitsui has taken a minority stake in Turkey-based Tempo Call Center Company.