Among the many corporate functions upended by the coronavirus crisis is M&A due diligence. After all, deals used to start with a handshake, with assurance conveyed by touch. But now handshakes, management meetings, dinners, and rounds of golf have been replaced by faces in Zoom boxes. And that’s just the… Read More
Elevator Ventures, Speedinvest, and Raiffeisen Bank International’s corporate venture fund have made a USD1.5m seed investment in Russia-based agtech Agro.Club. Read more… Read More
This issue of the EMPEA Legal and Regulatory Bulletin comes at a time when our industry and the markets where we invest are facing particular challenges due to the impact of the COVID-19 pandemic. EMPEA members, including members of the Legal and Regulatory Council, have provided some of their insights… Read More
Livonia Partners has agreed to sell its majority stake in Estonia-based modified wood producer Thermory to Estonia-based OÜ UG Investeeringud for an undisclosed amount. Read more… Read More
The Russian Direct Investment Fund (RDIF), RTP Global, Elbrus Capital, and Baring Vostok have created a joint investment platform of up to USD200m to invest in Russian companies affected by the COVID-19 pandemic. Read more… Read More
Enterprise Investors has exited its 34.4% stake in Lithuania-based tour operator Novaturas for EUR4.9m (approximately USD5.5m) via a series of secondary transactions. Read more… Read More
Europe-focused VC firm Earlybird Venture Capital has exited Peak Games to US-based social gaming company Zynga for USD520m, as part of a USD1.8b sale. Other exiting shareholders include Hummingbird Ventures, Endeavor Global, and Peak Games CEO and Founder Sidar Sahin. The deal, comprising USD900m in cash and USD900m… Read More
Horizon Capital, a private equity fund manager focused on investments in mid-cap companies in Ukraine and the neighboring region, has acquired a significant minority stake in Ukraine-based online cosmetics and beauty products retailer MAKEUP Group via its Emerging Europe Growth Fund III. Read more… Read More
Naya Capital Management has invested EUR100m (approximately USD109m) in Estonia-based ridesharing and food delivery app Bolt in the form of a convertible note. Naya Capital previously invested in the company’s USD67m Series C in July 2019. Read more… Read More
A consortium of investors, including existing investors Reflex Capital and Fast Forward, and new investors Lighthouse Ventures and Kamil Vacek, has made a USD3.8m seed investment in Czech Republic-based workspace-focused proptech Spaceti. Read more… Read More
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