Food Union Group, a Latvia-based group of dairy and ice cream producing companies, has raised EUR214 million (approximately US$225 million) from Asia-focused alternative investment management firm PAG and private equity investment group Meridian Capital, an existing shareholder in the company. PAG invested EUR161.6 million (approximately US$170 million), while Meridian invested… Read More
ARX Equity Partners, a private equity fund manager focused on mid-sized companies in Central Europe, has agreed to acquire Czech Republic-based baby fruit desserts and fruit drinks producer Nutricia Deva from France-based food company Danone Group. ARX will invest through its fourth private equity fund alongside food industry entrepreneur Keith Dilworth. Read More
Mezzanine Management, an investment advisory firm focused on Central and Eastern Europe, has invested PLN40 million (approximately US$9.9 million) for a 33 percent stake in Poland-based motor oils manufacturer Flucar. As part of the deal, Mezzanine, which invested through Accession Mezzanine Capital III, has the option to increase its stake… Read More
Russia and CIS-focused private equity firm Baring Vostok Capital Partners, along with Stockholm Stock Exchange-listed investment company Vostok Emerging Finance (VEF), has agreed to invest up to US$20 million in Russia-based retail payment solutions specialist Revo Technologies and digital marketing services provider Sorsdata. VEF had previously invested in the two… Read More
Central and Eastern Europe-focused private equity fund manager Resource Partners has reached a first close for Resource Eastern European Equity Partners II (REEEP II) with EUR100 million (approximately US$106 million) in capital commitments. The close took place in December 2016. Investors in the fund include development finance institutions the European… Read More
Central & Eastern Europe-focused mid-market private equity firm Abris Capital Partners has acquired a majority stake in Serbia-based cable television and broadband service provider Kopernikus Technology. Abris will invest through Abris CEE Mid-Market Fund III. Financial details of the transaction were not disclosed. Read More
Central Europe-focused private equity firm Value4Capital (V4C) has exited its entire 36 percent stake in Romania-based private health care services company MedLife for RON189 million (approximately US$43 million) via an initial public offering on the Bucharest Stock Exchange. V4C, which originally invested in MedLife in 2009, reportedly generated a 2x… Read More
Download the full report here. The Big Picture: An Introduction to Health Care and Private Equity in Emerging Markets When TMG Capital invested in Brazil-based insulin producer Biomm Technology in 2013, the private equity fund manager saw an opportunity to address growing domestic demand for pharmaceutical products by… Read More
German development finance institution DEG has arranged EUR66 million (approximately US$69 million) in debt financing for Turkey-based household goods and hygienic products manufacturer Hayat Kimya Sanaki. Co-financers include emerging markets-focused private credit fund manager Cordiant Capital, the Development Bank of Austria (OeEB) and the Black Sea Trade and Development Bank… Read More
Turkey-focused private equity firm Mediterra Capital, global private equity specialist Hermes GPE and development finance institution European Bank for Reconstruction and Development have acquired a 70 percent stake in Turkey-based elevator technology company Arkel. Mediterra Capital invested through Mediterra Capital Partners II. Arkel manufactures electrical components for elevators and exports… Read More
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