Central and Eastern Europe-focused private equity fund manager Resource Partners has acquired an additional interest in Poland-based animal feed producer Golpasz from minority shareholders, increasing its stake from 67 percent to 85 percent. In partnership with Resource Partners, Golpasz plans to modernize and expand two of its existing production facilities. Read More
Kyrgyzstan-focused private equity fund manager Highland Capital has reached a first close for its first fund with US$15 million in capital commitments. Investors in Highland Private Equity & Mezzanine Fund include development finance institution IFC, which committed US$8 million, and high-net worth individuals Gregory Serrurier and Emil Umetaliev. The fund… Read More
Global private equity fund manager Advent International has agreed to sell Poland-based educational services provider Wydawnictwa Szkolne i Pedagogiczne (WSiP) to Hungary-based diversified investment holding company Central Group. WSiP provides various educational solutions and services to students and teachers, including self-learning and digital products, textbook publishing and tutoring. Advent originally… Read More
Central and Eastern Europe-focused private equity fund manager Enterprise Investors has agreed to acquire a significant minority stake in Poland-based fuel station operator Anwim. The company, which operates under the MOYA brand, plans to partner with Enterprise to expand domestically. Enterprise will invest through Polish Enterprise Fund VIII. Financial details… Read More
Turkey-focused private equity fund manager Turkven has agreed to acquire a majority stake in Turkey-based packaging company Elif Holding. The company supplies packaging for the food, beverage, pet, home and personal care industries in more than 50 countries. Financial details of the transaction, which is subject to regulatory approval, were… Read More
Financial services-focused buyout firm J.C. Flowers & Co. has acquired the Romanian subsidiary of Greece-based Piraeus Bank. J.C. Flowers plans to help Piraeus Bank Romania, which offers retail, small business and corporate banking services, continue to grow domestically. Financial details of the transaction, which has received the necessary approvals from… Read More
Impact investment fund manager responsAbility Investments has acquired a majority stake in Bank Lviv, a provider of financial services to private individuals and small and medium-sized businesses in Ukraine, following approval by the Ukrainian National Bank. Financial details of the transaction were not disclosed. Separately, responsAbility has reportedly invested INR320… Read More
Central and Eastern Europe-focused private equity fund manager ARX Equity Partners has acquired a majority stake in Hungary-based mobile device repair company TMX Mobile Solutions. ARX invested through ARX CEE IV, the firm’s fourth buyout fund. Through the acquisition, ARX intends to assist TMX in scaling up its operations both… Read More
The year promises to be an active one for regulatory initiatives and the EMPEA Winter Bulletin focuses on positive as well as challenging developments including the impact of MiFID II in the UK on emerging market fund managers, recent shareholder and creditor pre-investment corporate restructuring limitations in Nigeria, the relaxation of licensing and registration for private, non-real estate investment funds and asset… Read More
Global SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has invested in Macedonia-based global positioning system service provider Geonet through SEAF Macedonia Fund II. Geonet intends to use the funding to enter new markets, including Greece, Kenya and the United States. Separately, SEAF has backed Serbia-based office furniture retailer EMU… Read More
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