CEE Unquote
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
Innova Capital sells Marmite stake to Cranemere
Innova invested via its Innova 4 and 5 funds in 2010, acquiring a 70% stake in the group
Bridgepoint acquires Peyman
Turkish nuts, seeds and dried fruit market is estimated to be worth €2bn
Livonia makes 10x on Qvalitas sale to BaltCap
Baltic GP earns 44% IRR over seven years on exit of final legacy portfolio asset
Innova, HarbourVest et al. in €100m Benestra exit
SBO means a final exit for the PE consortium that purchased central European telco GTS in 2008
Enterprise Investors considers Profi exit
Poland-based investor has mandated Citi to evaluate its options for selling the Romanian retailer
Enterprise Investors in €170m Scitec Nutrition exit
Sale price will be paid out over two instalments, with €150m up front and €20m in 12 months
Enterprise-backed XTB valued at €308.9m in Warsaw IPO
Polish Enterprise Fund VI, which holds Enterprise’s stake, did not sell any shares in the IPO
Ambienta completes tertiary buyout of Calucem from Argus Capital
The GP will become the third private equity owner of the Croatian cement maker after Argus and Mid Europa
Genesis Capital exits Servodata to BDO Advisory
Exit comes nearly five years after the GP’s second fund acquired the Czech IT services company
Arx reaps 4.1x on Tomplast exit
Sale to Finnish asset manager KJK Capital nets Arx a 20% IRR over its nine-year investment
Innova Capital sells La Fântâna back to Oresa
Acquirers first exited Romanian beverage company to Innova Capital in 2007 SBO
Enterprise Investors acquires toys retailer Noriel
CEE-focused GP will provide a €2m growth capital injection as part of the buyout