Russian early stage venture capital firm Runa Capital has invested US$5 million in Dnevnik.ru, an online education platform operating in Russia and Ukraine. Dnevnik.ru was launched in 2009 and currently serves over 21,000 schools in Russia and almost 10,000 schools in Ukraine. Runa Capital invests in early stage technology… Read More
Central Europe-focused private equity firm Penta Investments has announced the purchase of a 100 percent stake in Estate Consult, the owner of Slovak hospital chain Svět zdraví, for EUR3 million (approximately US$3.7 million). Svět zdraví operates ten hospitals throughout Slovakia and plans to use the funding to modernize the… Read More
Turkish venture capital firm 212 Capital Partners has announced the second round of funding for Turkish online rental service Hemenkiralik.com. Hemenkiralik.com provides an online marketplace where people can list and book short-term rentals in Turkey and the surrounding region. 212 Capital Partners invested alongside two individual investors. Financial details… Read More
Czech Republic-based private equity firm Genesis Capital has announced the acquisition of 100 percent of Game Czech, the Czech subsidiary of U.K.-based games retailer Game Group. Game Czech is a retailer of computer games and gaming consoles with 30 locations in the Czech Republic. Financial terms of the transaction… Read More
Hungarian venture capital firm Primus Capital Management has invested HUF400 million (approximately US$1.8 million) in Hungarian biotechnology company HYD. HYD specializes in developing products for the prevention and treatment of tumors. The investment was made through the Primus Capital III fund. Read More
Netherlands-based investment and finance group PPF Group has sold its stake in Russia’s NOMOS Bank to Russian banking group Otkritie Financial Group in a share swap deal. In exchange, PPF Group received shares in Russian fertilizer company Uralkali, plus an additional equity investment. The total value of the transaction… Read More
The European Bank for Reconstruction and Development (EBRD) has announced an agreement to act as a cornerstone investor in Elbrus Capital Fund II, a private equity fund managed by Russia-based Elbrus Capital. The EBRD has agreed to invest up to US$50 million in the fund, with the caveat that… Read More
BaltCap, a private equity and venture capital firm focused on the Baltic States, has invested in the 18-megawatt Mäli & Tamba wind energy project in Estonia. The Mäli & Tamba wind farm, which will utilize 3-megawatt Enercon turbines and be operational as of September 2013, is BaltCap’s second energy-related… Read More
Central Europe and Turkey-focused private equity firm Mid Europa Partners has announced an agreement to purchase a 50 percent stake in Walmark, an e-retailer of vitamins and nutritional supplements based in the Czech Republic. Financial terms of the transaction, which is pending regulatory approval, were not disclosed. Read More
In this issue Articles Anti-Corruption: Guidance for EM PE Practitioners Fundraising Do’s and Don’ts: Lessons from EMPEA’s Inaugural Fundraising Masterclass Highlights from the 14th Annual Global Private Equity Conference Guest Commentary: Emerging Market Secondaries Come of Age: An Analysis by Pomona Capital Inside Perspectives: An… Read More
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