Global growth markets investor The Abraaj Group will acquire an 80 percent stake in Turkey-based dairy products manufacturer Yörsan. A player in the domestic cheese and yogurt market, Yörsan products are exported to 17 countries including the U.S. and Japan. Financial details of the transaction, which is subject to… Read More
European private equity firm 21 Partners has held a first close on mid-market fund 21 Concordia with EUR60 million (approximately US$81 million) in capital commitments. Investors include development finance institutions European Investment Fund (EIF) and European Bank for Reconstruction and Development, as well as Polish Growth Fund of Funds,… Read More
VTB Capital, the investment arm of Russia-based VTB Group, has completed the sale of its stake in Russia-based Luxoft Holding, a provider of software development services and IT solutions, in a secondary public offering on the New York Stock Exchange (NYSE) that was more than three times oversubscribed. VTB… Read More
Investcorp, a Bahrain-based manager of alternative investment products, will acquire a minority stake in Turkey-based meat producer Namet, which offers products such as pastrami, sausage, salami, bacon, smoked hot dogs and roast beef. Financial details of the transaction, which is subject to approval by the Turkish Competition Authority, were… Read More
Germany-based telecommunications company Deutsche Telekom has agreed to acquire Poland-based telecommunications service provider GTS Central Europe from the company’s private equity backers, including private equity firm Columbia Capital, fund of funds HarbourVest Partners, mid-market private equity firm Innova Capital and private equity firm M/C Partners, for EUR546 million (approximately… Read More
CEE-focused venture capital fund New Europe Venture Equity (NEVEQ) has exited Bulgaria-based data center provider 3DC to London-listed data center provider TelecityGroup. NEVEQ originally invested EUR2 million in 3DC, which provides carrier-independent co-location services for companies, in 2009. Financial details of the transaction were not disclosed. Read More
Turkey-focused private equity firm Mediterra Capital Partners has acquired a 49 percent stake in Turkey-based household appliances producer Arzum Elektrikli Ev Aletleri. Mediterra, through its subsidiary SDA International, bought the stake from Turkish Household Appliance, a unit of emerging markets investment manager Ashmore Group. The company intends to use… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has fully exited Ukraine-based retail banking platform Platinum Bank to a group of international investment funds and financial investors. The transaction was structured through Emerging Europe Growth Fund. Horizon… Read More
A consortium led by VTB Capital, the investment arm of Russia-based VTB Group, has sold White Gardens, an office center located in Moscow, to Russia-based asset management company Millhouse. The consortium included global private investment firm TPG, sovereign wealth fund China Investment Corporation, international real estate company AIG/Lincoln and… Read More
Venture capital firms Prostor Capital and e.ventures have invested US$3 million in Russia-based AdMoment, developer of a real-time bidding platform for mobile advertising. Fastlane Ventures, a Russia-based online business developer, and several angel investors also participated. Prostor Capital led the Series A funding round. AdMoment intends to use the… Read More
(default archive template)