Investment manager BPM Capital has provided mezzanine financing for the management buyout of Optometrijas Centrs, a retailer and wholesaler of eye care products in Latvia and Lithuania. The transaction was structured through BPM Mezzanine Fund. Optometrijas Centrs was founded in 1992 and manages eye care stores under various brands, as… Read More
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has acquired a 75 percent stake in Czech Republic-based Quinta-Analytica, a commercial services provider for the pharmaceutical, biotechnology and generic drug industries. Financial details of the transaction, which was structured through Genesis Private Equity Fund III, were not disclosed. Read More
Global growth markets investor The Abraaj Group has listed Egypt-based healthcare provider Cleopatra Hospital on the Egyptian Exchange, raising EGP360 million (approximately US$40.5 million) in an initial public offering (IPO). Abraaj, which originally invested in Cleopatra Hospital in 2014 through Abraaj Private Equity Fund IV and Abraaj North Africa Fund… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has invested in Poland-based snack manufacturer Fifor Polska. The transaction was structured through Darby Converging Europe Fund III. Fifor Polska will use the new capital to invest in its production capacity and efficiency. Financial details of the transaction were… Read More
SaferPass, a Slovakia-based developer of online identity, security and password management products, has closed an EUR1 million (approximately US$1.1 million) seed round led by venture capital firms LRJ Capital and Neulogy Ventures, with participation from a group of global angel investors. SaferPass will use the funds for continued development of… Read More
EMPEA’s Currency Risk Management Survey is the first pan-emerging markets exploration of the impact of currency volatility on the private equity industry. The survey features the views of 146 industry practitioners, and aims to provide the industry with a better understanding of how both GPs and LPs* report and manage exchange rate… Read More
The Macro Picture: What Makes Power a Compelling Sector for Investment? The rise of emerging markets over the last two decades has had a transformative impact on the world economy. According to the International Monetary Fund, from 1995 to 2015, emerging markets’ aggregate GDP in purchasing power parity terms… Read More
In the age of transparency, ESG reporting has evolved into a common practice for private equity practitioners in emerging markets, as evident by the shift in the dialogue around ESG. Instead of speculating over the value of ESG reporting, practitioners are instead engaging around strategies to enhance the quality and… Read More
Bulgaria-focused growth private equity firm BlackPeak Capital and GlobeCap Investment, the Bulgarian subsidiary of Saudi Arabia-based investment firm ID Global, have acquired a minority stake in Bulgaria-based tour operator Astral Holidays International for a reported BGN2.5 million (approximately US$1.4 million). Astral plans to use the funding to develop its incoming,… Read More
European financial brokerage X-Trade Brokers (XTB) has completed an initial public offering (IPO) on the Warsaw Stock Exchange. Company founders reduced their stake from 80.8 percent to 66.8 percent in the offering, generating gross proceeds of EUR43 million (approximately US$49 million). Enterprise Investors, a Central and Eastern Europe-focused private equity… Read More
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