bmp AG has wholly acquired the Central Eastern Europe Venture GmbH, a parallel endowment fund set up out of DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) resources in 2000 and managed by bmp. Since 2000, CEEV had been investing parallel to bmp AG in eight businesses in Poland and Hungary.
Deal is the second from Bid Equity II, which held a close in November 2019 and targets B2B software
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round
Company in 2019 generated revenues of DKK 115m, the equivalent of €15.4m
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe