Investment management company NBK Capital, an affiliate of the National Bank of Kuwait (NBK), has announced the acquisition of a 50 percent stake in Turkish animal pharmaceuticals distributor Bavet. The investment was made through NBK Capital Equity Partners Fund I, a private equity fund focused on the MENA region. Read More
BaltCap, a private equity and venture capital firm focused on the Baltic States, has invested in two Lithuanian companies through its Lithuania SME Fund. The Lithuania SME Fund is part of the European Investment Fund’s JEREMIE initiative, which aims to provide funding to small- and medium-size enterprises in Europe. Read More
Poland-based financial services group IDMSA Brokerage House has sold a 45 percent stake in Polski Bank Przedsiębiorczości (PBP Bank) to Eastern Europe-focused private equity firm Abris Capital Partners for PLN95 million (approximately US$28 million). PBP Bank, also based in Poland, specializes in corporate banking services. As a result of… Read More
Bahrain-based alternative investments manager Investcorp has announced the acquisition of a 30 percent stake in Orka Group, a Turkish menswear retailer, through its Gulf Opportunity Fund. Orka Group’s Damat, Tween and D’S Damat brands are sold in more than 250 stores in 40 countries. The investment is Investcorp’s sixth… Read More
Turkish private equity firm Crescent Capital has completed its first investment, a 60.4-megawatt photovoltaic power plant in Bulgaria. Crescent made the investment through its Clean Energy Transition Fund, a Turkey and Southeast Europe-focused energy infrastructure fund. Saudi infrastructure developer and operator ACWA Power and U.S. energy infrastructure investor First… Read More
Turkish fund manager Verusa Private Equity has acquired a 40 percent stake in Alden Steel, an Istanbul-based manufacturer of steel structures, platform grating and industrial equipment. Alden is Verusa’s second industrial investment. Financial terms of the transaction were not disclosed. Read More
TravelRent, a Russian online service for short-term apartment rentals, has raised US$2 million from Frontier Ventures, a Moscow-based venture capital fund focused on the Russian-speaking consumer internet industry. TravelRent plans to use the investment to strengthen its team and to develop new marketing programs to build brand awareness and… Read More
CapMan Russia, the Russia-focused private equity fund of Finnish asset manager CapMan, has acquired a 25 percent stake in Vital Development Corporation (Vital), a Russian producer of laboratory equipment and biochemical reagents. Vital plans to further expand its product line with two new business lines related to immunological analysis… Read More
CapMan Russia, a fund managed by Finland-based asset manager CapMan, has partnered with the European Bank for Reconstruction and Development (EBRD) and Russia-based UFG Private Equity to acquire 24 percent of KDL Test. A laboratory diagnostic services provider, KDL has operations across Russia. The deal, the financial… Read More
Horizon Capital has a 45% stake in Platinum Bank Company Headquarters: Ukraine Business focus: Banking and financial services Revenue: US$539 million in total assets (2011 unaudited) Impact Highlights As an active owner, Horizon Capital successfully navigated the bank through the turbulent global financial crisis and supported its transformation into a… Read More
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