Central Europe-focused private equity firm Value4Capital (V4C) has agreed to sell its stake in Poland-based Home.pl to United Internet’s subsidiary 1 & 1 Internet for a reported EUR135 million (approximately US$149 million). This translates into a reported 3.4x cash return and an IRR of over 40 percent for V4C on… Read More
ASEAN-focused private equity firm NDE Capital has held a first close on its second fund, NDE Capital II, with US$107 million in capital commitments. The fund, which has a US$350 million hard cap, will allocate 60 percent of its capital to investments in China and 40 percent to investments in… Read More
Global alternative investment manager Apollo Global Management and development finance institution European Bank for Reconstruction and Development (EBRD) have signed an agreement to acquire 100 percent of Slovenia-based bank Nova KBM (NKBM) from the Republic of Slovenia. Apollo will purchase an 80 percent stake in the company, while EBRD will… Read More
Emerging markets asset management firm The Rohatyn Group (TRG) has fully exited Turkey-based luxury retailers Beymen Mağazacılık and Boyner Büyük Mağazacılık to Boyner Perakende ve Tekstil Yatırımları, a company controlled by Turkey-based retail conglomerate the Boyner Group. Beymen and Boyner had been portfolio companies of Citi Venture Capital International, which… Read More
Central and Eastern Europe-focused private equity and venture capital firm 3TS Capital Partners has invested more than EUR1 million (approximately US$1.1 million) for a minority stake in 123ContactForm, a Romania-based company that provides web forms and surveys to companies and non-governmental organizations. The transaction was structured through Catalyst Romania, a… Read More
Mezzanine Management, an investment advisory firm focused on Central and Eastern Europe, has invested EUR23.3 million (approximately US$26.3 million) in Mogo Finance, a Latvia-based non-bank car financing provider operating in the Baltics and Georgia. The transaction was structured through Accession Mezzanine Capital III. Mogo will use the funds to develop… Read More
ADM Capital, an asset management firm focused on Asia and Central and Eastern Europe, has fully exited its investment in AKG Gazbeton, a Turkey-based construction materials producer, in a share sale to the company’s founding shareholders. ADM originally invested in the company in 2011. Financial details of the transaction, which… Read More
Central and Eastern Europe-focused private equity group MCI Management has agreed to acquire a controlling stake in Pigu Group, a Lithuania-based operator of online marketplaces in the Baltic states. The transaction will be structured through MCI.TechVenures 1.0, and is subject to clearances from competition authorities. Financial details of the transaction… Read More
Global private equity firm Lone Star has increased its stake in Poland-based real estate developer Globe Trade Centre (GTC) from 32.5 to 55.2 percent via a tender offer, with the intention of eventually raising its holding to 66 percent. Lone Star, which offered PLN6.1 (approximately US$1.63) per GTC share until… Read More
CEE and CIS-focused mid-market private equity firm Abris Capital Partners has agreed to invest in the Pehart group of companies, a producer of tissue paper in Romania and Southeastern Europe. As part of the transaction, development finance institution European Bank for Reconstruction and Development will entirely exit its stake in… Read More
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