Baring Vostok, a private equity firm operating in Russia and the CIS, has sold a three percent stake in Russia-based online search engine operator Yandex for US$327 million. Baring Vostok funds have steadily reduced their stake in the internet company from 16 percent as of December 2012 to about… Read More
Turkey-focused private equity investment firm TRPE Capital has announced the first close of TRPE Venture Partners Fund I. With a final target of US$25 million, the fund, which is expected close in 2014, will invest in Turkey-based seed and early stage information and communications technology companies. In recognition of… Read More
Venture capital firms Runa Capital and Frontier Ventures and Intel Capital, the venture capital and private equity arm of Intel Corporation, have invested US$12 million in Russia-based Eruditor Group, provider of an online platform that connects customers with private professionals such as doctors, tutors or beauticians. This is the… Read More
Development finance institution European Bank for Reconstruction and Development (EBRD), Russian sovereign wealth fund the Russian Direct Investment Fund (RDIF) and private equity fund manager CapMan Russia will invest US$100 million in Russia-based IT outsourcing provider MAYKOR. RDIF will invest US$50 million, with EBRD and CapMan Russia, structured through… Read More
At its May meeting in Washington, EMPEA’s Legal and Regulatory Council discussed the regulatory changes facing the private equity industry and the likely impact of those changes on the membership of EMPEA. The Council concluded that some of the changes, such as the European Alternative Investment Fund Managers Directive (AIFMD),… Read More
The European Securities and Markets Authority (“ESMA”) announced on 18 July 2013 that it has approved global supervisory cooperation arrangements between the securities regulators of the European Union and their third country counterparts. The arrangements were negotiated by ESMA on behalf on the EU Member States, the additional three countries… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has invested US$2.7 million in Moldova-based winemaker Bostavan Wineries Group. The company, which produces one million bottles of wine a year, intends to use the capital injection to purchase… Read More
Global growth markets investor The Abraaj Group will acquire a significant stake in Republika Academic Apartments, consisting of two Turkey-based student accommodation assets with a total of 1,274 beds. The Abraaj Group invested alongside Republika’s developer BLG Capital, a Turkey-focused real estate private equity firm. Financial details of the… Read More
Global private equity firm Advent International has sold Romania-based paint manufacturer Deutek to CEE-focused investment manager Axxess Capital. The transaction was structured through Axxess Capital’s Emerging Europe Accession Fund. Advent International originally acquired the company in 2005. With Axxess Capital, Deutek intends to pursue new opportunities in the Romanian… Read More
Hungary-based wastewater treatment and recycling provider Organica Water has closed a Series B round of financing led by International Finance Corporation. Other participants in the round included Invesco WLR Private Equity Investment Management Company (Huaneng Invesco), a joint venture between Huaneng Capital, Invesco and Invesco affiliate WL Ross &… Read More
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