Horizon Capital Increases Stake in Ukrainian Digital Services Provider Datagroup
Horizon Capital’s EEGF II has increased its stake in Ukraine-based fiber infrastructure and digital services provider Datagroup from 73.46% to 96.13%. As a result of the transaction, the company’s founder and other minority investors have fully exited Datagroup. Details of the transaction were not disclosed. Read more… Read More
Apollo Global to Invest USD591 in Czech Lottery Company Sazka Entertainment
Apollo Global Management has agreed to invest EUR500m (approximately USD591m) in Czech Republic-based lottery company Sazka Entertainment. The transaction reportedly brings the company’s valuation to EUR4.2b (approximately USD5b). Read more… Read More
Elbrus Capital- and Winter Capital-Led Consortium Acquires 60% of Russian Bank and Insurance Marketplace Banki.ru
A consortium of investors led by Elbrus Capital and Winter Capital has acquired a 60% stake in Russia-based bank and insurance marketplace Banki.ru from the company’s founders. Read more… Read More
Innova Capital Invests in Polish Cosmetics Company Bielenda Kosmetyki
Innova Capital has invested an undisclosed amount in Poland-based cosmetics company Bielenda Kosmetyki. Innova Capital will also support the company in the acquisition of the Dermika and Soraya brands from Orkla Group. The transaction is pending approval from the Polish Office of Competition and Consumer Protection. Read… Read More
EIT InnoEnergy, FirstFloor, MM Grupp, and Harju Elekter Invest USD48m Series D for Estonian Energy Storage Products Manufacturer Skeleton
Existing investors EIT InnoEnergy, FirstFloor Capital, MM Grupp, and Harju Elekter have invested a EUR41.3m (approximately USD48m) Series D for Skeleton Technologies, an Estonian manufacturer of ultracapacitor-based energy storage products. Read more… Read More
Mid Europa to Acquire Majority Stake in Polish Online Metal Prints Marketplace GWD
Mid Europa Partners has agreed to acquire a majority stake in Poland-based online metal prints marketplace GWD Concept from the company’s founders, Credo Ventures, and Miton Capital. The transaction is expected to close in Q4 2020. Read more… Read More
Sierra Ventures Leads USD1.75m Seed Round for Armenian Text-to-Podcast Conversion Startup Podcastle
Sierra Ventures led a USD1.75m seed round for Podcastle, an Armenia-based text-to-speech converter that uses artificial intelligence to convert news into podcasts, with participation from AI fund and Correlation VC. Read more… Read More
Fil Rouge Capital Invests ~USD1.4m in Slovenian Translation Startup TAIA
VC Fil Rouge Capital invested a EUR1.2m (~USD1.4m) seed round for Slovenian machine translation platform TAIA. Read more… Read More
Macquarie Acquires ČEZ Group’s Romanian Power Assets
A consortium led by Macquarie Infrastructure and Real Assets (“MIRA”) acquired a portfolio of Romanian power assets owned by ČEZ Group, including electricity distribution networks, energy supply, and the Fantanele Cogealac wind park, among others. Read more… Read More
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