Stealing the spotlight

One would be forgiven for thinking Central and Eastern Europe (CEE) is stealing the spotlight from the DACH region. Last August a Polish cable operator, Aster, was able to pull off a EUR415m recapitalisation despite the fact the rest of Europe was suffering the onset of a global credit crunch. This was backed by a prolific CEE GP, Mid Europa Partners. Now, as the DACH market continues its slow but steady pace of deals, mostly in the small- and mid-cap segments, CEE again makes headlines, this time with the $3.25bn buyout of Migros Turk by BC Partners in Turkey (see page 44)