CEE Unquote
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 sale...
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.
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.