BaltCap, a private equity firm focused on the Baltic countries, has agreed to sell Estonia-based online advertising company auto24 to Baltic Classifieds Group, a Lithuania-based advertising company owned by global private equity advisor Apax Partners. auto24 operates automotive classifieds portal itsauto24.ee and generalist classifieds website kuldnebors.ee. BaltCap and auto24’s management… Read More
Germany-based transportation provider FlixBus has agreed to acquire Turkey-based bus transport company Kamil Koç Otobüsleri from Actera Group, a Turkey-focused private equity fund manager. Actera acquired a 100 percent stake in Kamil Koç, which operates in 61 cities across Turkey, in July 2013 for a reported TRY65 million (approximately USD34… Read More
Global impact investing firm SEAF has invested in Serbia-based facility management service provider AVB Team. The company offers cleaning, technical maintenance, repair, disinfection, pest control, and gardening services to more than 200 clients in Serbia. AVB Team plans to use the funds to purchase new equipment, transportation vehicles, and software… Read More
China-focused venture capital fund manager Joy Capital has reached a final close for its latest fund with USD700 million in capital commitments. The fund received commitments from existing investors in previous Joy Capital funds, as well as public pension funds and insurance companies. The fund will target early- and growth-stage… Read More
Poland- and Central Europe-focused private equity fund manager Value4Capital has reached a final close for V4C Poland Plus Fund with EUR91 million (approximately USD103 million) in commitments. Investors in the fund include development finance institutions EBRD, EIF, and PFR, as well as a variety of Polish investors. The fund, which… Read More
Central Europe-focused private equity firm Innova Capital has agreed to acquire a 100 percent stake in Optical Network, a Romania-based optical product distributor and retailer. The company sells eyewear merchandise in stores and online through the OPTIblu, Klarmann, and Conga store brands. Innova, which will invest from buyout fund Innova/6,… Read More
Cyprus-based digital authentication services provider Au10tix, a subsidiary of Netherlands-based security technology company ICTS International, has received a USD60 million strategic minority investment from global alternative asset manager TPG. The company provides solutions for automating the capture, classification, authentication, and conversion of identification documents and document images for digital records. Read More
Poland-based telecom operator Play Communications has agreed to acquire a 100 percent stake in Poland-based telecom services provider 3S Group for EUR96 million (approximately USD109 million) from Central and Eastern Europe-focused private equity firm Enterprise Investors and the founders of 3S. Enterprise Investors acquired a 76 percent stake in 3S… Read More
Russia- and CIS-focused private equity fund manager Baring Vostok Capital Partners has acquired a 5 percent stake in Tealsy, a Russia-based online grocery wholesale marketplace. Tealsy’s founder, Andrey Krivenko, also founded Russia-based grocery store chain VkusVill, in which Baring Vostok holds a 12 percent stake. Financial details of the transaction… Read More
The possible extension of the AIFMD marketing passport to fund managers based outside the EU has been monitored with considerable interest by market participants over the last year. Currently, the AIFMD marketing passport— which allows a manager to market funds to professional investors freely across the EU, without the… Read More
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