Horizon Capital, a private equity fund manager focused on investments in mid-cap companies in Ukraine and the neighboring region, has acquired a minority stake in Ukraine-based biscuit producer Yarych. With Horizon’s support, Yarych plans to expand production in order to increase its presence in Ukraine and abroad. Financial details of… 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
Central and Eastern Europe-focused private equity fund manager Mid Europa Partners has agreed to sell its 99.8 percent stake in Poland-based Polskie Koleje Linowe (PKL) to the government-backed Polish Development Fund. PKL provides cable car, funicular, ski lift and ski slope services across seven locations in Poland. Mid Europa originally… Read More
Emerging markets-focused asset manager The Rohatyn Group (TRG) has acquired pet supplies retailers Pet Product and MIMAJA. Romania-based Pet Product operates 82 stores under the Animax brand, and Slovenia-based MIMAJA operates 16 stores under the Mr. Pet brand. The companies will form part of TRG’s pet care platform in the… Read More
Horizon Capital, a private equity fund manager focused on investments in mid-cap companies in Ukraine and the neighboring region, has agreed to acquire a minority stake in Ukraine-based software developer and information technology services provider Intellias. The company plans to use the funding to open new delivery hubs in Ukraine,… Read More
Global alternative investment manager KKR has agreed to exit part of its stake in United Group, a Netherlands-based telecommunications company serving Southeast Europe, to international investment firm BC Partners. The deal, which is subject to regulatory approvals, reportedly values the company at EUR2.6 billion (approximately US$3.1 billion) including debt. KKR… Read More
A consortium led by global alternative asset manager The Blackstone Group has agreed to acquire a 60 percent stake in Baltics-focused Luminor Bank for EUR1 billion (approximately US$1.2 billion) in cash. The consortium will acquire the stake from financial services groups Nordea and DNB, which are based in Sweden and… Read More
Download the full press release here. Washington, D.C., 6 September 2018: Private capital fundraising and investment activity in emerging markets (“EM”) increased by 11% and 21%, respectively, in the first half of 2018, driven predominantly by activity in Emerging Asia, according to EMPEA’s latest… Read More
The EMPEA Data Insights are quarterly updates of high-level trends and notable developments in all major emerging market regions plus Brazil, China, and India. The Data Insights offer unique access to EMPEA’s statistics at the regional and country level and provide detailed analytics of fundraising trends and deal flow. … Read More
European technology-focused growth capital investor 3TS Capital Partners has led a Series B investment of EUR11.5 million (approximately US$13 million) in Hungary- and Switzerland-based cloud encryption software developer Tresorit. Central and Eastern Europe-focused venture capital firm PortfoLion and several existing investors, including high-net worth individuals, also participated in the round. Read More
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