Horizon Capital, a private equity fund manager focused on investments in mid-cap companies in Ukraine and the neighboring region, has invested USD7m via its Emerging Europe Growth Fund III for a 6.8% stake in Purcari Wineries. Horizon previously invested in and divested from the company via EEGF II. Read More
Polish private equity firm Avallon reached a USD88m first close for Avallon MBO Fund III. The fund, targeting USD143m, plans to invest in companies operating in a range of sectors, including new technologies, consumer goods, and manufacturing. Read more»… Read More
Central and Eastern Europe focused PE firm Mid Europa Partners announced a merger of its portfolio company, CMC, a Turkey-based outsourced call centre, with M+ Group, a regional BPO provider. Mid Europa Partners received a 30% equity stake in the combined group. Read more»… Read More
Central and Eastern European private equity fund Enterprise Investors sold prefabricated house manufacturer Danwood to Korean construction company GS Engineering and Construction for EUR140m (USD155.2m). According to Enterprise Investors, the total gross proceeds generated by the investment amount to EUR238m (USD264m), yielding a 9x total gross multiple of… Read More
Sequoia Capital partner Michael Moritz led a USD38m investment in Getir, an Istanbul-based delivery startup. Moritz committed USD25m via Crankstart, his personal investment vehicle. The additional USD13m was from undisclosed investors in Brazil and Turkey. Read more»… Read More
Global VC firm Sequoia Capital led a USD45m Series B for Czech product management software company productboard, along with Bessemer Venture Partners and previous investors. Read more»… Read More
Central and Eastern Europe-focused private equity firm Jet Investments has agreed to sell its 100 percent stake in Czech Republic-based steel forging specialist MSV Metal Studénka to MORAVIA STEEL, a Czech Republic-based industrial group. Jet originally invested in MSV Metal Studénka, which produces custom forgings and components for rail vehicles,… Read More
Global venture capital fund manager Lightspeed Venture Partners has led an EUR128 million (approximately USD141 million) Series E funding round for Vinted, a Lithuania-based second-hand fashion e-commerce company. Additional investors in the round, which reportedly values the company at more than USD1 billion, include previous backers Sprints Capital, Insight Venture… Read More
Poland- and Central Europe-focused private equity fund manager Value4Capital (V4C) has agreed to acquire a majority stake in Summa Linguae Technologies, a Poland-based language technology service provider, for PLN54 million (approximately USD14 million). V4C Poland Plus Fund will purchase 1.016 million existing shares from select shareholders at a price of… Read More
VTB Capital, the investment arm of Russia-based VTB Bank, has agreed to exit its stake in Bulgaria-based telecommunications operator Vivacom to United Group, a Netherlands-based media company operating in countries of the former Yugoslavia and owned by Europe-focused private equity firm BC Partners. United Group will acquire Vivacom for a… Read More
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