Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its investment in Turkish bottled water and beverage manufacturer Sirma, selling the company to French food and beverage manufacturer Danone. Darby originally structured a mezzanine investment in Sirma through its Converging Europe Mezzanine Fund in 2010,… Read More
Global private equity firm Warburg Pincus has acquired a minority stake in INEA, a Polish telecommunications operator. The investment is intended to fund the expansion of INEA’s Next Generation Access (NGA) network of cable television and high speed internet offerings throughout western Poland, as well as support consolidation of… Read More
Poland-based private equity and venture capital firm Enterprise Investors (EI) has exited its investment in Kruk, a Polish debt collection agency. EI sold shares equivalent to a 24.8 percent stake in the company on the Warsaw Stock Exchange, reportedly achieving a 9x cash-on-cash return multiple. EI originally invested in… Read More
VTB Capital, the investment arm of Russia’s VTB Bank, has announced the acquisition of a minority stake in National Satellite Company, a Russian satellite television operator. National Satellite Company operates under the brand name Tricolor TV and has 9.12 million paid subscribers. The investment is intended to help the… Read More
Russia and CIS-focused private equity firm Elbrus Capital has invested in B2B-Center, a Russian online marketplace operator, acquiring a 23 percent equity stake in the company. Financial details of the transaction were not disclosed. Read More
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan, has held a first close for its second Russia-focused fund, CapMan Russia II, at EUR97 million (approximately US$124.6 million). The fund has garnered commitments from ten institutional investors from the United States and Europe, including the… Read More
Poland-based private equity and venture capital firm Enterprise Investors (EI) has agreed to invest EUR7 million (approximately US$9 million) in Elemental Holding, a Polish recycling company specializing in non-ferrous metals and electro-waste. Elemental Holding intends to use the investment to acquire other companies in its sector. EI structured the… Read More
Global venture capital firm General Catalyst Partners has led a US$25 million investment in Russian online travel services company Ostrovok.ru. The company intends to use the investment to fund the development of new and existing products, including a service to book hotels on partner websites. Additional participants in the… Read More
Michael Calvey, Founder and Senior Partner of Baring Vostok, shares his perspectives on the private equity landscape in Russia and the Commonwealth of Independent States (CIS), and discusses some memorable transactions throughout his career in the region. Baring Vostok is one of the oldest and largest private equity firms focusing… Read More
Turkey-focused private equity firm Mediterra Capital has confirmed the final closing of its first private equity fund, Mediterra Capital Partners I, with EUR164 million (approximately US$213 million) in commitments. The fund raised capital from institutional investors including development finance institutions, funds of funds and asset management companies, as well… Read More
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