Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments, has led a EUR81.7 million (approximately US$92 million) investment in Poland-based EasyPack, an operator of parcel locker networks, with the option to participate in a future follow-on investment. The transaction was structured though Templeton’s Strategic Emerging Markets Fund IV. Read More
Central and Eastern Europe-focused private equity and venture capital fund manager Enterprise Investors has agreed to acquire a 76 percent stake in Poland-based telecommunications company 3S for EUR22 million (approximately US$25 million). Enterprise will purchase the stake from PCC, a Germany-based conglomerate, and the company’s founders, who will retain a… Read More
Key findings from the 2015 LP Survey: Over the next two years, 33% of LPs* plan to increase the percentage of their total PE allocation targeted at emerging markets (versus 41% in the 2014 survey), and 47% of LPs* anticipate increasing the dollar value of new commitments to EM… Read More
AnaCap Financial Partners, a Europe-focused specialist investor in financial services companies and credit opportunities, has agreed to acquire a 100 percent stake in Poland-based lender FM Bank PBP from Central and Eastern Europe-focused private equity fund manager Abris Capital Partners. AnaCap’s investment will reportedly total more than EUR200 million (approximately… Read More
Central and Eastern Europe-focused private equity and venture capital fund manager Enterprise Investors has agreed to sell its 100 percent stake in Poland-based automotive glass manufacturer NordGlass to Belgium-based flat glass producer AGC Automotive Europe for EUR80 million (approximately US$87 million). The transaction is subject to regulatory approval. Enterprise Investors… Read More
A consortium led by Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments, has acquired a minority stake in Turkey-based apparel retailer Defacto Perakende Ticaret. The investment was structured through Templeton Strategic Emerging Markets Fund IV, which is managed by Templeton Emerging Markets Group of Templeton Asset Management. Read More
Global private equity firm Advent International has sold Partner in Pet Food (PPF), a Hungary-based pet food company, to global private equity firm Pamplona Capital Management for EUR315 million (approximately US$339 million). Pamplona’s investment was structured through its Pamplona Capital Partners IV fund. Advent initially acquired PPF through a carve-out… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, and Turkey-focused private equity firm Pera Capital Partners have agreed to acquire Koza Gida, a Turkey-based specialty foods distributor. Darby’s share of the investment was structured through Darby Converging Europe Fund III. Koza Gida will use the new investment… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire the entire Romanian business of international energy company Sterling Resources in a transaction worth a reported US$43 million and structured as a corporate acquisition of Sterling’s wholly-owned subsidiary Midia Resources. The acquisition will include four license blocks in the… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, and Belarus-focused private equity fund manager Zubr Capital, have exited Belarus-based lender MTBank. The two private equity firms exited their stakes to Belarusian businessman Alyaksey Aleksin and his wife Iryna… Read More
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