Thailand-focused growth equity fund manager Lakeshore Capital has sold its stake in Thailand-based steakhouse chain Santa Fe to Singha Corporation, a Thailand-based food and beverage conglomerate, for USD50 million. Through the exit, which is part of Singha’s acquisition of a 90 percent stake in Santa Fe, Lakeshore reportedly generated a… Read More
A consortium led by global alternative asset manager Blackstone has completed the acquisition of a 60 percent stake in Baltics-focused Luminor Bank for EUR1 billion (approximately USD1.1 billion). The consortium, which also includes a wholly owned subsidiary of Emirati sovereign wealth fund Abu Dhabi Investment Authority, acquired the majority stake… Read More
EMPEA Members, log in and click through for your exclusive access to the detailed report and underlying data. Following a strong 2018, private capital fundraising and investment activity in Central and Eastern Europe (CEE) slowed in 1H 2019. Managers raised only USD217 million, led by the USD306 million interim close of… Read More
Download press release CHINA DECELERATION LEADS TO OVERALL SLOWDOWN IN EMERGING MARKET PRIVATE CAPITAL ACTIVITY Subdued investment in Asia’s largest market, as well as fewer large-cap pan-Asia funds raising capital, rein in total EM activity levels despite bright spots in other regions,… Read More
Estonia- and US-based software developer Snackable AI has raised EUR1.3 million (approximately USD1.4 million) in seed funding led by Europe-focused seed-stage venture capital firm Tera Ventures. Other investors in the funding round include early-stage venture capital firm Superangel and Skype co-founder Jaan Tallinn. The company is currently developing an artificial… Read More
EMPEA Members log in to receive exclusive access to the detailed report (PDF) and underlying data (Excel). Subdued investment in Asia’s largest market, as well as fewer large-cap pan-Asia funds raising capital, rein in total EM activity levels despite bright spots in other regions, including Africa, other countries,… Read More
Romania-focused private equity firm Morphosis Capital has acquired a significant minority stake in DocProcess, a Romania- and France-based business process automation company. The deal is reportedly the first investment from Morphosis’ debut fund. DocProcess, which operates through its cloud-based platform DocXchange, intends to deploy the new capital to expand its… Read More
The European Bank for Reconstruction and Development (EBRD) and Belarus-focused private equity fund manager Zubr Capital have agreed to invest in Mila, a Belarus-based retailer of personal and home care products owned by ParfumBytKhim Group. EBRD and Zubr will acquire a stake of up to 20 percent in Mila through… Read More
Innova Capital, a Central and Eastern Europe-focused private equity firm, has reached a final close of EUR271 million (approximately USD297 million) for Innova/6. Previous investors with Innova provided over 60 percent of committed capital. Limited partners in the new fund include institutional and commercial investors from Europe and North America. Read More
Romania’s Consiliul Concurenței has approved Central Europe-focused private equity firm Innova Capital’s acquisition of a 100 percent stake in Optiplaza, a Romania-based optical goods retailer operating under the Optiplaza and Optica Express brands. Innova plans to improve the company’s offerings and expand its current retail network. Financial details of the… Read More
(default archive template)