VTB Capital, the investment arm of Russia’s VTB Group, and co-investor Bromak, a Bulgarian investment brokerage firm, have acquired a controlling stake in Bulgarian integrated telecommunications company Vivacom through a EUR130 million (approximately US$165 million) investment. Vivacom used the equity injection to partially repay the company’s debt as part… Read More
Mediterra Capital Management, a Turkey-based private equity fund manager, has invested in fleet telematics service provider Mobiliz and its 100 percent subsidiary Filoturk. Mobiliz’s fleet telematics services allow Turkish companies to monitor and manage their drivers, vehicles and operations. The investment came from Mediterra Capital Partners I, which held… Read More
Turkish private equity firm Pera Capital Partners has reached a second close on its Pera Capital Partners Fund I at EUR50 million (approximately US$65 million). The fund, which is targeting EUR120 million (approximately US$155 million) in total commitments, will invest EUR15 million per deal (approximately US$19 million) in middle… Read More
Ukraine-based private equity fund manager Horizon Capital has invested US$40 million in Tinkoff Credit Systems Bank (TCS Bank), a Russian credit card company and online bank. Horizon made the investment through its US$370 million Emerging Europe Growth Fund II, which was raised in 2008. Horizon is the fourth external… Read More
Poland-based private equity firm Abris Capital Partners has purchased Romanian courier company Cargus from German courier company Deutsche Post DHL. Abris is raising its second private equity fund, targeted at EUR450 million (approximately US$587 million), to invest in Poland, Ukraine and Romania. Financial details of the transaction… Read More
Russia Partners, a Russia-focused subsidiary of private equity firm Siguler Guff & Company, has acquired a seven percent stake in Russia-based Orient Express Bank through a share offering. Existing investors also participated in the issue, including Russia-focused private equity firm Baring Vostok Capital Partners, International Finance Corporation… Read More
VTB Capital, the investment arm of Russian financial services firm VTB Group, has announced an agreement to sell a 25 percent stake in Russ Outdoor, a local outdoor advertising company, to French global outdoor advertising company JCDecaux. Under the terms of the transaction, which is pending anti-monopoly approval, JCDecaux… Read More
IN THIS ISSUE Articles European Bank Deleveraging: Opportunities and Challenges for EM PE Investors Guest Commentary: Investment Strategies for Russia: XENON Capital Partners’ Experience Inside Perspectives: An Interview with Piero Minardi of Gávea Investimentos VIEWPOINT FROM EMPEA PRESIDENT AND CEO SARAH ALEXANDER The old adage, “in chaos,… Read More
XENON Capital Partners, founded by Natasha Tsukanova in 2009, is a Moscow-based investment advisory and investment management firm. In this article, Stanislav Song, Chief Strategist of XENON Capital Partners, describes how private equity participants can successfully navigate and invest in the challenging Russian market based on lessons XENON learned via structuring, marketing and… Read More
XENON Capital Partners, founded by Natasha Tsukanova in 2009, is a Moscow-based investment advisory and investment management firm. In this article, Stanislav Song, Chief Strategist of XENON Capital Partners, describes how private equity participants can successfully navigate and invest in the challenging Russian market based on lessons XENON learned via structuring, marketing and… Read More
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