Global growth markets investor The Abraaj Group has acquired a stake in Turkey-based Yü-Ce Tıbbi Gereçler İthalat İhracat Mümessillik Sanayi ve Ticaret (Yu-Ce Medical), a medical supplies manufacturer. The transaction was structured through Abraaj’s Anatolia Growth Capital Fund. The company plans to use the funds to increase its production capacity,… Read More
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has reached a first close for Genesis Private Equity Fund III (GPEF III) with EUR45 million (approximately US$49 million) in capital commitments. Investors in the first close included: development finance institution European Investment Fund, Czech Republic-based bank Česká spořitelna, Czech Republic-based… Read More
Livonia Partners, a private equity firm focused on the Baltics, has reached a first close for its maiden fund Livonia Partners Fund I with EUR70 million (approximately US$77 million) in capital commitments. Investors in the first close included European Union lender European Investment Bank, development finance institution European Bank for… Read More
Mid Europa Partners, a private equity firm focused on Central Europe and Turkey, has agreed to acquire Romania-based healthcare services company Regina Maria from global private equity investor Advent International and the Enayati family, founders of the company. The transaction is subject to anti-trust clearance and is expected to close… Read More
Download the full brief here. Why Do First-time Funds Matter? First-time funds, defined here as an asset manager’s first private equity (PE) vehicle, have historically accounted for a significant share of fundraising activity in emerging markets (EM). Between 2008 and the first quarter of 2015, 286 first-time funds… Read More
Europe-focused private equity firm EQT has agreed to sell Bulgaria-based cable operator Blizoo to Austria-based telecommunications company Telekom Austria Group. The transaction, which will be structured through EQT V, is subject to regulatory approval and is expected to close in the fourth quarter of 2015. Financial details of the transaction… Read More
Private equity and investment advisory firm CVC Capital Partners has agreed to acquire PKP Energetyka (PKPE), the energy unit of the Polish National Railways, in a transaction that values the company at PLN2 billion (approximately US$520 million). PKPE is an electricity distributor to the Polish railway network and to other… Read More
Russia and CIS-focused private equity firm Baring Vostok Capital Partners has led a US$40 million Series B investment in Russia-based online used car broker and auctioneer CarPrice. Venture capital firm Almaz Capital and other undisclosed investors also participated in the round. Baring Vostok’s investment was structured through Baring Vostok Private… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has invested in Ukraine-based e-commerce company Rozetka. The company will use the fresh funds to accelerate its growth by improving its products and services. Financial details of the transaction, which… Read More
Pan-European private equity firm IK Investment Partners has agreed to sell the non-carbonated beverages division of Poland-based food products business Agros Nova to Polmlek Group, a Poland-based dairy company. The sale follows IK Investment’s announced divestment of Agros Nova's fruit and vegetable preserves and ready-made food operations to Poland-based juice… Read More
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