Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan, has acquired a stake in Russia-based Maximum Education, a provider of test preparation services. The transaction was structured through CapMan Russia II. The company provides online and offline test preparation services and operates two learning centers in… Read More
Investcorp, a provider and manager of alternative investment products, has agreed to acquire a majority stake in Turkey-based telematics company Arvento Mobile Systems. The company designs, develops and sells its own range of hardware products and software applications. Investcorp intends to diversify the company’s offerings and support its expansion into… Read More
Global growth markets investor The Abraaj Group has acquired a stake in BRN Yatak Baza Ev Tekstili İnşaat Sanayi Ticaret (BRN Sleep Products), a Turkey-based mattress and sleep products manufacturer, in partnership with development finance institution EBRD. Financial details of the transaction, which was structured through Abraaj’s Anatolia Growth Capital… Read More
Central Europe and Turkey-focused private equity firm Mid Europa Partners has signed a binding agreement to acquire a controlling interest in Danube Foods Group and Clates Holding (together Danube Foods Group). Danube Foods Group is a branded fast-moving consumer goods platform operating in the former Yugoslavia. It includes an independent… Read More
Central and Eastern Europe-focused private equity firm 3TS Capital Partners has invested EUR5.5 million (US$6.4 million) in Czech Republic-based online fashion retailer Zoot, taking a minority stake via a Dutch holding company. The company will use the investment to broaden its product offerings and expand its network of physical locations… Read More
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has provided a EUR13.5 million (approximately US$15.6 million) mezzanine loan to Turkey-based Uğurlu Cam, a specialized glass products manufacturer. Uğurlu intends to use the capital to support its organic growth and fund prospective acquisitions. Read More
Investment manager BPM Capital has closed BPM Mezzanine Fund with EUR70 million (approximately US$82 million) in capital commitments. Investors include development finance institutions European Investment Fund and European Bank for Reconstruction and Development, seed investment company Ambient Sound Investments, pension fund LHV Pension Funds and asset manager Swedbank. The fund… Read More
Private equity investors Resource Partners and Ardian have acquired Poland-based cookie manufacturer Chojecki. The firms plan to merge Chojecki with Poland-based confectionery company Delicpol, which they acquired in 2012. The acquisition of Chojecki is part of their strategy to expand both the product range and client base for Delicpol. Financial… Read More
Elbrus Capital, a private equity firm focused on Russia and CIS, has invested in Russia-based Cian Group, the operator of a real estate classified ads website. The deal included an acquisition of existing shares and a subscription of new shares. Cian Group plans to use the proceeds to finance regional… Read More
Poland-based retail group Czerwona Torebka has agreed to sell its convenience store chain Malpka Express to principal investment firm PineBridge Investments for PLN362 million (approximately US$108 million). Instead of a cash payment, PineBridge will transfer all of its current shares in Czerwona—in which it holds a 16 percent stake—back to… Read More
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