This brief draws upon engagement with the EMPEA Energy & Infrastructure Council. Members of the Council recognize both the importance and nuanced nature ESG issues have in infrastructure investing in emerging markets. This brief is designed to help articulate those nuances and help support practitioners understanding of ESG in the… Read More
Private equity firms Cinven, Permira and Mid Europa Partners have agreed to acquire Poland-based online marketplace Allegro Group from Johannesburg-listed internet and entertainment group Naspers for US$3.25 billion. Allegro Group, which was established in 1999, has more than 20 million registered users and carries out 14 million transactions monthly. The… Read More
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has reached a final close for Genesis Private Equity Fund III with CZK2.2 billion (approximately US$91 million) in capital commitments. Investors in the fund include Czech Republic-based bank Česká Spořitelna, the European Investment Fund, asset manager IKS KB, eQ Private Equity… Read More
Central & Eastern Europe-focused private equity firm Enterprise Investors has agreed to acquire 100 percent of the shares in Intersport, a sporting goods retailer in the Balkans, from Mercator Group, Intersport’s Slovenia-based parent company. Enterprise Investors will invest through Polish Enterprise Fund VII. The transaction will be valued at up… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has acquired a minority stake in Turkey-based quartz surfaces producer Peker Yüzey Tasarımları (BELENCO). Darby plans to work with BELENCO to support its growth in the domestic and global quartz surfaces markets. Financial details of the transaction were not… Read More
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has agreed to sell its majority stake in Czech Republic-based technical facility management and air conditioning company AZ KLIMA to Czech Republic-based energy services company ČEZ ESCO. Genesis originally acquired a 68.5 percent stake in the company through GPEF II in… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has increased its holding in Ukraine-based telecommunications operator Datagroup from a minority stake to 70 percent. Following completion of the transaction, Horizon Capital has assumed operational control of the company. Read More
Central and Eastern Europe-focused private equity firm Enterprise Investors, together with minority shareholders including Morgan Stanley Alternative Investment Partners, has completed the sale of a 100 percent stake in Hungary-based sports nutrition company Scitec Nutrition to South Africa-based health and care brands company Ascendis Health for EUR170 million (approximately US$192… Read More
UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management, has acquired a minority stake in E-COM, a Russia-based provider of business process automation services in the retail sector. UFG invested from UFG Private Equity Fund III. E-COM intends to work with UFG… Read More
In this Bulletin, our contributors focus on: Debt investment in India and whether Mauritius is now and will in future be a preferred investment route: Reviewing a protocol amending the agreement between India and Mauritius in relation to double taxation and challenges presented by India’s General Anti-Avoidance Rules, the treatment… Read More
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