Central and Eastern Europe-focused private equity group MCI Management has agreed to sell its 80 percent stake in Czech Republic-based online travel agency Invia to global venture capital firm Rockaway Capital for PLN270 million (approximately US$68 million). Including MCI’s stake, Rockaway Capital will acquire Invia for a reported total transaction… Read More
BaltCap, a private equity and venture capital firm focused on the Baltic countries, has exited the 18MW Tuuleenergia wind farm in Estonia and the 24MW Eurakras wind farm in Lithuania. The wind farms were acquired by Lithuanian state-owned energy group Lietuvos Energija. The total transaction amount, which included the buyout of… Read More
Lithuania-focused growth capital firm LitCapital has sold its 33.3 percent stake in Lithuania-based plastic bottle manufacturer Putokšnis to 3 Rill, a holding company owned by Putokšnis’s chairman and majority shareholder Alvydas Stulpinas. LitCapital originally invested in the company in June 2011 through its fund LitCapital I. Financial details of the… Read More
International private equity group Bridgepoint has acquired Poland-based children’s apparel and toy retailer Smyk in a transaction totaling EUR247 million (approximately US$269 million), including debt, from Poland-listed retail company Empik Media & Fashion. Cornerstone Partners, a Poland-based private equity firm, also participated in the deal and acquired a minority stake… Read More
North America- and Central Europe-focused private equity firm Highlander Partners has acquired a 60 percent stake in QFG, a Poland-based producer of meat products for convenience food retailers. The company plans to use the new funds to increase its production capacity. Separately, Highlander Partners has sold a 50 percent stake… Read More
Mid Europa Partners, a private equity firm focused on Central and Eastern Europe and Turkey, has agreed to sell Bité Finance International (Bité Group), a mobile operator focused on the Baltic countries, to global private equity firm Providence Equity Partners. Bité Group provides a range of mobile services, internet access… Read More
Global alternative investment manager Apollo Global Management has reached an agreement to acquire Raiffeisen Banka, the Slovenian arm of Austria-based corporate investment bank Raiffeisen Bank International. This acquisition is reportedly part of Apollo’s plans to create a larger bank in Slovenia through acquisitions of private and state-owned banks. Financial details… Read More
Czech Republic-based soft drink producer Kofola, which is backed by Central and Eastern Europe-focused private equity and venture capital firm Enterprise Investors, has raised CZK11.37 billion (approximately US$446 million) in an initial public offering (IPO) on the Prague Stock Exchange. Enterprise Investors’ Polish Enterprise Fund VI, which originally invested in… Read More
BaltCap, a private equity and venture capital firm focused on the Baltic countries, and Nordea Bank, a Nordic financial services group, have agreed to finance Lithuania-based fitness chain Impuls’s acquisition of Estonia-based fitness center chain Arctic Sports Club. BaltCap’s portion of the transaction will be structured through BaltCap Lithuania SME… Read More
BaltCap, a private equity and venture capital firm focused on the Baltic countries, has agreed to acquire a 56 percent stake in Estonia-based dental care company Dental Invest Estonia (DIE). With BaltCap’s support, DIE intends to expand its service offerings and network of clinics. Separately, BaltCap has agreed to acquire… Read More
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