Chagala Group, a service provider for oil and gas companies operating in Kazakhstan, has purchased an office building in Almaty in partnership with investment management firm ADM Capital’s Kazakhstan Capital Restructuring Fund. Chagala will manage the office building on behalf of the joint venture. Financial details of the transaction… Read More
Russia’s Moscow Exchange (MICEX-RTS) began trading its shares at the initial public offering price of RUB55 (approximately US$1.82), raising a total of RUB15 billion (approximately US$500 million). The exchange, which will only be listed in Moscow, was backed by the Russian Direct Investment Fund (RDIF), the European Bank for… Read More
International Finance Corporation (IFC), the private sector development institution of the World Bank Group, will provide an US$85 million loan to Okkoskhidinvest (OKKO), a Ukrainian fuel retailer. Okkoskhidinvest is a joint venture between Ukrainian petroleum distributor Concern Galnaftogaz (GNG) and ADM Capital, a private equity investor focused on recovery… Read More
Turkish private equity firm Actera Group has bought a 50 percent stake in Turkish aviation services company Çelebi Aviation through its Dutch Zeus Aviation Services Investments vehicle. The stake was purchased from the Çelebi family, who will continue to hold a 22.63 percent stake in the company. Financial details… Read More
CEE-focused private equity firm ARX Equity Partners, Switzerland-based asset management company Capital Dynamics and independent investor Lubor Žalman have agreed to invest in Fincentrum, a financial consultancy operating in the Czech Republic and Slovakia. With the investment, Fincentrum intends to accelerate its growth in both markets. Financial details of… Read More
Turkish investment management and advisory services firm Globalturk Capital has partnered with Japanese trading and investment company Mitsui & Co. to invest in Turkish call center operator Tempo Cagri Hizmetleri. Globalturk, which invested in Tempo in 2011, facilitated this recent co-investment alongside Mitsui. Financial details of the transaction were… Read More
Global multi-asset class investment manager PineBridge Investments has signed an agreement to acquire a 20.02 percent stake in Polish temporary staffing and personnel outsourcing company Work Service for EUR26 million (approximately US$34.6 million). Work Service is listed on the Warsaw Stock Exchange and operates in Russia, the Czech Republic,… Read More
U.K.-based healthcare investor Moonray Healthcare has acquired Czech Republic-based ophthalmologic hospital manager Lexum from CEE-focused private equity firm Arx Equity Partners and Lexum’s founder, Professor Martin Filipec. Lexum operates ten hospitals focused on general ophthalmology and refractive surgery in the Czech Republic and Poland. Financial details of the transaction… Read More
East Capital, a Swedish asset management firm focused on Eastern Europe and China, has sold its 8.8 percent stake in Latvian IT products wholesaler ELKO Grupa to the company’s other shareholders. East Capital first invested in the company in 2005 and provided debt financing in 2008 and 2009. The… Read More
CEE-focused private equity firm Mid Europa Partners has agreed to sell Polish healthcare services provider Lux Med to British healthcare services group Bupa. The deal values the company at EUR400 million (approximately US$529.3 million) and the exit will reportedly generate returns of 2.5x to Lux Med’s investors, including Mid… Read More
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