Estonia-based peer-to-peer lending platform Isepankur has raised EUR1.3 million in a funding round led by Global Founders Capital, a Germany-based venture capital firm owned by Fabian Siegel and Oliver and Marc Samwer, the founders of global e-commerce investment company Rocket Internet. Isepankur has also announced it will adopt Bondora… Read More
A consortium of investors led by EMF Capital Partners, a private equity firm focused on financial institutions in emerging markets, has acquired Turkey-listed non-life insurance company Aviva Sigorta from insurance and asset management company Aviva. EMF’s investment was structured through the EMF New Europe Insurance Fund. Development finance institutions… Read More
Global asset manager PineBridge Investments Middle East has acquired a 50 percent stake in Turkey-based physical therapy and rehabilitation services chain Romatem. The company operates a network of four facilities and intends to use the new investment to establish additional hospitals and clinics across Turkey, as well as for… Read More
Central and Eastern Europe-focused private equity firm 3TS Capital Partners, structured through its Catalyst Romania fund, has acquired more than a 23 percent stake in Romania-based Simartis Telecom, a developer of products and services for Global System for Mobile Communications (GSM) operators. The company intends to use the fresh… Read More
Enterprise Investors has purchased a 32.8 percent stake in Estonia-based watersports company Tahe Outdoors for EUR3.4 million (approximately US$4.7 million). The transaction was structured through Enterprise Venture Fund I. Tahe Outdoors offers kayaks, canoes, paddles and related accessories under five brands. Read More
Funds under the management of Resource Partners have acquired a 71 percent stake in Romania-based fitness chain World Class Romania in a management buyout. The company plans to continue the expansion of its network in order to offer its members a greater choice of fitness locations and training experiences. Read More
Russia-based hypermarket chain Lenta, which is backed by global private investment firm TPG, VTB's investment business VTB Capital and development finance institution European Bank for Reconstruction and Development (EBRD), began conditional trading on the London Stock Exchange on 28 February 2014. Lenta shareholders, led by TPG, raised US$952 million… Read More
CEE-focused investment manager Axxess Capital has purchased a stake in Romania-based cloud storage provider Star Storage. The transaction was structured through Axxess Capital’s Emerging Europe Accession Fund. Star Storage operates in Romania and Moldova, and intends to use the new capital to grow its capabilities to deliver cloud services,… Read More
Venture capital firm Index Ventures has led a US$26 million Series C financing round in Czech Republic-based social analytics company Socialbakers, alongside existing backer European venture capital firm Earlybird Venture Capital. Previously, Earlybird had led a US$2 million early-stage funding round in Socialbakers in September 2011 and participated in… Read More
Russia and CIS-focused private equity firm Elbrus Capital has reached a final close on Elbrus Capital Fund II with US$550 million in capital commitments, exceeding its target of US$500 million and hitting its hard cap. In addition, the fund secured US$150 million in financing from U.S. development finance institution… Read More
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