CEE Unquote
Elbrus hits $550m hard-cap
Russian buyout house Elbrus Capital has held a final close for Elbrus Capital Fund II on its $550m hard-cap.
Intel invests $10m in Mango Telecom
Intel Capital has injected $10m into Mango Telecom, a Russian provider of a business communications software-as-a-service (SaaS).
Intel, Practica back CGTrader
Intel Capital and previous backer Practica Capital have invested in CGTrader, a Lithuanian 3D model marketplace.
DVCM acquires IT Invest
Da Vinci Capital Management (DVCM) has acquired a 63% stake in Russian online broker IT Invest and increased the company’s capital to RUB 350m.
Arx and Darby acquire Gramex
Arx Equity Partners and Darby Private Equity have acquired Hungarian bottle manufacturer Gramex 2000 Kft.
Mid Europa sells TMCZ for €828m
Mid Europa Partners has sold its 39.23% stake in T-Mobile Czech Republic (TMCZ) to Deutsche Telekom for a total consideration of €828m.
Syntaxis invests in BIK Brokers
Central European mezzanine provider Syntaxis Capital has invested in Polish motor insurance business BIK Brokers.
VIYM invests in Semeiny Doktor
Russian firm Venture Investments & Yield Management (VIYM) has acquired a significant stake in Semeiny Doktor, a Russian chain of family medical clinics.
BaltCap Fund II reaches first close
BaltCap has held a first close for its latest fund BaltCap Private Equity Fund II (BPEF II) on €50.6m, with subscribed commitments of €63m.
CVC in $1bn Avast deal
CVC Capital Partners has backed Prague-based consumer security software company Avast in a deal that values the business at $1bn.
VC-backed Blablacar.com buys Podorozhniki
Accel Partners- and Isai-backed Comuto, the operator of French carpooling site Blablacar.com, has acquired Ukraine-based Podorozhniki as part of its services launch in Ukraine and Russia.
Insight leads $27m round for Vinted
Insight Venture Partners and Accel Partners have taken part in a $27m series-B funding round for Vinted, a Lithuanian mobile marketplace platform for second-hand clothing.
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.
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.
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.
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.