Volt Lines, a Turkey-based company offering subscription-based minibus transportation services, has raised US$1 million in a pre-Series A round led by Dubai Angel Investors, a Middle East-focused angel investment network. Other participants in the funding round include venture capital fund manager Middle East Venture Partners (MEVP), Turkey-based car rental company… Read More
EMPEA Members, log in and click through for your exclusive access to the detailed report and underlying data. Fund managers raised US$884m for funds focused on CEE and CIS through the first three quarters of 2018, represent-ing a 17% year-on-year decline. Not surprisingly, 88% of funds raised in 2018 have… Read More
Mid Europa Partners, a private equity fund manager focused on control deals in Central and Eastern Europe, has agreed to acquire 100 percent of intive, a Poland-based software company, for EUR100 million (approximately US$114 million). Mid Europa will acquire the company from Enterprise Venture Fund I and Polish Enterprise Fund… Read More
Central and Eastern Europe-focused private credit fund manager Mezzanine Management has reached a final close for Accession Mezzanine Capital IV with EUR264 million (approximately US$299 million) in capital commitments. The fund will employ a combination of long-term debt and equity to provide flexible growth capital to mid-market businesses in Central… Read More
Balkans-focused venture capital investor South Central Ventures has led a US$5.5 million financing round for U.S.-based software developer ConveyIQ. CEE-focused venture capital firm 3TS Capital Partners and technology-focused investor StarVest Partners also participated in the round. ConveyIQ, which develops talent acquisition software for businesses and has offices in the United… Read More
UFG Private Equity, the buyout and growth equity arm of Russia-focused alternative investment group UFG Asset Management, has acquired a large minority stake in Russia-based telecom infrastructure developer Russian Towers through its third fund. UFG acquired the stake from Macquarie Infrastructure and Real Assets (MIRA), which originally invested in Russian… Read More
EMPEA Members log in to receive exclusive access to the detailed report (PDF) and underlying data (Excel). In the first three quarters of 2018, overall EM fundraising and investment totals increased 82 percent and 14 percent, respectively, compared to a year prior. Download the Industry Statistics to view… Read More
Poland- and Central Europe-focused mid-market buyout firm Value4Capital has acquired Kom-Eko, a Poland-based municipal and commercial waste collection, sorting and processing company. Value4Capital acquired the company through V4C Poland Plus Fund from CEE-focused alternative asset manager Royalton Partners. The transaction includes co-investments from the European Investment Bank (EIB Group) and… Read More
International Finance Corporation (IFC) and venture capital firm TLcom Capital have led an investment of US$10 million in Twiga Foods, a Kenya-based agribusiness technology company. Other participants in the funding round include existing investors Wamda Capital, DOB Equity, 1776 and AHL Venture Partners. The company, which connects smallholder farmers to… Read More
Central and Eastern Europe-focused private equity firm Jet Investment has raised CZK4 billion (approximately US$176 million) for Jet 2 from more than 160 private investors, family investment companies and financial institutions including banks, insurance companies and international asset managers. The fund will focus on acquiring majority stakes in small and… Read More
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