Key findings from the 2018 Global Limited Partners Survey include: A higher proportion of respondents* plans to increase the dollar value of their commitments to EM PE than in any edition of the survey since 2014, suggesting cautious optimism may be in order for EM-focused fund managers. Read More
By Hayley Brady, Senior Associate and Clare Hubert, Associate at Herbert Smith Freehills Introduction Booking your latest holiday? Ordering a pizza? Selecting your new sofa? The chances are you will be using an online platform. The growth of online platforms, as part of the on-demand economy, is on a constant… Read More
Pan-European private equity firm Cinven has agreed to acquire Hungary-based pet food manufacturer Partner in Pet Food (PPF) from alternative investment firm Pamplona Capital Management. Pamplona acquired PPF in 2015 from global private equity fund manager Advent International through Pamplona Capital Partners IV for EUR315 million (approximately US$339 million). Financial… Read More
Turkey-focused private equity fund manager Actera Group and investment company Esas Holdings have agreed to sell their joint 98.8 percent stake in Turkey-based roll-on roll-off freight shipping company U.N. Ro-Ro to Denmark-based shipping and logistics firm DFDS for EUR950 million (approximately US$1.2 billion). The acquisition of U.N. Ro-Ro, which operates… Read More
Turkey-focused private equity fund manager Mediterra Capital Partners has exited its majority stake in Turkey-based insurance and reinsurance brokerage company ACP Sigorta to Howden Broking Group, an affiliate of U.K.-based Hyperion Insurance Group. Mediterra originally invested in ACP in 2014 through Mediterra Capital Partners I. Financial details of the transaction,… Read More
Central and Eastern Europe-focused private equity fund manager ARX Equity Partners has exited its investment in Czech Republic-based electric motor manufacturer VUES Brno to Moog, a US-based developer of aircraft, defense system and industrial machinery components, for EUR53 million (approximately US$65 million). ARX originally invested in VUES in 2006 and… Read More
European technology-focused growth capital investor 3TS Capital Partners has exited Bulgaria-based enterprise analytics database developer MammothDB to MariaDB, a Finland-based database software provider. 3TS originally invested in MammothDB in 2015. Financial details of the transaction were not disclosed. Read More
Central and Eastern Europe-focused mezzanine fund manager BPM Capital has backed the management buyout of DenEesti, an Estonia-based provider of shore excursions, shuttle buses and port logistics for cruise ship operators in the Baltic and Black seas. BPM, which invested through BPM Mezzanine Fund, will partner with the company to… Read More
Central and Eastern Europe-focused private equity fund manager Enterprise Investors has partially exited its stake in Lithuania-based tour operator Novaturas via an initial public offering (IPO) on the Warsaw Stock Exchange and Nasdaq Vilnius. Enterprise sold a 22 percent stake for gross proceeds of EUR17.8 million (approximately US$22 million). Enterprise,… Read More
Russia and CIS-focused private equity fund manager Baring Vostok Capital Partners and Russia-based telecommunications provider MTS have reportedly agreed to invest in Russia-based online retailer Ozon Holdings as part of an RUB3.5 billion (approximately US$62 million) investment round from existing shareholders. MTS will contribute RUB1.15 billion (approximately US$20 million) to… Read More
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