CEE Unquote
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.
PineBridge invests €26m in Work Service
PineBridge Investments has acquired a 20.02% stake in listed Polish staffing and personnel business Work Service for €26m.
Turkish snack chain hopes to raise $500m through PE
Turkish snack chain Simit Sarayi has entered negotiations with US investor Colony Capital and Dubai's Abraaj Capital for the sale of a minority stake in the business, according to reports.
East Capital exits Elko Grupa
Swedish investor East Capital has sold its stake in Latvian IT product wholesaler Elko Grupa to the company's existing shareholders, including investment fund Amber Trust.
ADM Capital et al. looking to exit Turkish hospital
An investor group including ADM Capital, Dutch pension fund PGGM and the International Finance Corporation (IFC) are looking to exit Turkish hospital chain Universal Saglik Yatirimlari, according to reports.
PPF Group regains control of private equity operation
CEE-focused financial services group PPF Group has acquired 27.5% of its own private equity funds business from Italian insurer Assicurazioni Generali.
Mid Europa exits LUX MED
Mid Europa Partners has exited Polish healthcare provider LUX MED to Bupa in a deal which values the company at €400m.
BaltCap invests in Coffee Inn
BaltCap has backed Baltic coffee shop chain Coffee Inn with up to €2m of debt and equity.
Arx Equity Partners sells Lexum to Moonray Healthcare
Arx Equity Partners has sold Czech ophthalmology and refractive surgery provider Lexum to British healthcare investor Moonray Healthcare.
BC Partners looking to sell Migros
BC Partners has entered negotiations with potential buyers for its remaining stake in Turkish supermarket chain Migros, according to reports.
Consortium including Baring Vostok invests in Karo Film
Baring Vostok Private Equity, UFG Private Equity, the Russian Direct Investment Fund (RDIF) and media entrepreneur Paul Heth have taken a controlling stake in Russian cinema business Karo Film Group.
CEE unquote" December 2012/January 2013
Turkey’s ideal location, strong GDP growth and comparably low public debt are just some of the factors raising interest in the country as an investment target.
Mid Europa refinances SBB and Telemach
Mid Europa Partners has merged Serbia Broadband (SBB) and Slovenian telecoms business Telemach Group, refinancing the group with €330m of senior debt.
EBRD loans RUB 1.7bn to Orient Express Bank
The European Bank for Reconstruction and Development (EBRD) has provided Orient Express Bank (OEB) with a three-year loan totalling RUB 1.7bn.
Sberbank and Credit Suisse abandon buyout fund plans
OAO Sberbank and Credit Suisse Group have abandoned plans to raise a $1bn buyout fund dedicated to private equity in Russia.
One Equity Partners considers Turkish chem business
One Equity Partners and the Turkish army pension fund Oyak have been bidding to buy a stake in Turkish chemicals firm Akdeniz Kimya, according to reports.
Point Nine Capital et al. back DocPlanner
Point Nine Capital, Piton Capital, RTA Ventures and business angels have invested $1m in DocPlanner, a Polish online medical appointment booking services company.
Horizon Capital exits Fidem Life to Aegon
Horizon Capital has sold its entire stake in Ukranian life insurance company Fidem Life to Dutch asset management company Aegon.
Turkey: Emerging from the MIST
Emerging from the MIST