International Finance Corporation has announced a US$20 million investment in Russian private equity fund Elbrus Capital Fund II and a EUR15 million (approximately US$19.4 million) investment in Turkish private equity fund Mediterra Capital Partners I. Elbrus Capital Fund II, managed by Russian private equity firm Elbrus Capital, is targeting… Read More
The Russian government’s equity investment fund, Russian Direct Investment Fund (RDIF), has announced the investment of US$50 million, along with global asset manager BlackRock, Russia-focused private equity firm Russia Partners, a wholly owned subsidiary of Siguler Guff & Company, and other institutional investors in MD Medical Group (MDMG), a… Read More
Ukraine-based private equity fund manager Horizon Capital and Dutch development bank FMO have invested in Biofarma, a Ukrainian pharmaceutical manufacturer. The capital will be used to fund the construction of a new pharmaceutical plant with upgraded manufacturing lines and laboratory equipment in the Kyiv region. The transaction marks Horizon… Read More
Russian private equity firm Baring Vostok Capital Partners has closed its fifth Russia-focused fund, Baring Vostok Private Equity Fund V, at US$1.5 billion. The fund is divided into two components: a US$1.15 billion main fund which operates as a traditional private equity fund and a US$350 million… Read More
Global asset manager BlackRock Investment Management has purchased an undisclosed number of shares in the Moscow Exchange MICEX-RTS from the Russian Direct Investment Fund (RDIF), the US$10 billion sovereign private equity fund sponsored by the Russian government to co-invest with international investors. BlackRock joins the RDIF, the European Bank… Read More
Polish private equity firm Enterprise Investors (EI) will acquire 100 percent of Poland’s Center for Cancer Diagnostics and Therapy (CDiTO) from Voxel, an operator of diagnostic medical centers and a manufacturer of radiopharmaceuticals in Poland, for EUR14.5 million (approximately US$18.8 million). CDiTO is currently building a new radiotherapy center… Read More
Hungary-based private equity and venture capital firm Euroventures and nine private investors have invested HUF380 million (approximately US$1.7 million) in Hungarian software company Tresorit through its Euroventures IV Venture Capital Fund. Tresorit is developing encryption software for cloud-based file sharing. Euroventures IV Venture Capital Fund is a HUF7.1 billion… Read More
Global alternative asset manager The Carlyle Group has announced an agreement to acquire a minority stake in Turkish hosiery manufacturer and retailer Penti. The equity for the investment will come from Carlyle MENA Partners, a US$500 million private equity fund focused on the MENA region. Carlyle plans to invest… Read More
Global growth equity investor General Atlantic has invested US$44 million in Turkish online food ordering service provider Yemeksepeti.com for a minority stake. Endeavor Catalyst, a philanthropic investment vehicle supporting entrepreneurs in global markets, also participated in the investment. Yemeksepeti.com allows its 1.5 million registered users in both Turkey and… Read More
Central European private equity fund Innova Capital has invested in Ujastek Gynaecological and Obstetrics Hospital, a Polish provider of gynecological and obstetric care. The investment, which could exceed PLN150 million (approximately US$44.9 million) over the next two years, is intended to build a chain of hospitals and clinics providing… Read More
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