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
Citi Venture Capital International invested EUR20 million (US$26.4 million) in 2006 and EUR30 million (US$42.3 million) in 2008. Company Headquarters: Lithuania, Poland and broader Central and Eastern Europe (CEE) Business focus: Pharmaceuticals Revenue: US$125 million (FY 2011) Impact Highlights CVCI Private Equity’s investment in Sanitas Group allowed the company to… Read More
London-based Bancroft Private Equity has acquired 75 percent of Turkish ceramic tiles and granite producer Graniser for US$75 million. Graniser is the fourth investment made in Turkey by the Bancroft Group, which focuses on private equity fund management in Eastern Europe. Graniser plans to invest US$500 million over the… Read More
Russia-based VTB Capital’s Private Equity and Special Situations group has partnered with Burger King Corporation and Burger Rus, the largest Russian Burger King franchise with 54 restaurants, to form a joint venture to expand the global fast food chain’s presence in Russia. The new joint venture will own exclusive… Read More
Penta Investments, a Central and Eastern Europe-focused private equity and real estate investor based in the Czech Republic, has acquired a 19.5 percent stake in Polish retailer Empik Media & Fashion (EM&F) from Eastbridge Capital, a Luxembourg-based investment fund. Penta now holds 33.5 percent of the company, with Eastbridge… Read More
The Riverside Company, a U.S.-based global private equity firm, has sold MK Chimney Systems of Poland to French firm Isotip-Joncoux Group. Riverside, which first invested in the Polish chimney systems producer in 2006, has earned a 2.9x cash-on-cash return from the sale. Read More
VTB Capital, the investment arm of Russia-based VTB Group, has acquired a minority stake in Russian mining firm, Zapadnaya Gold Mining Ltd. (ZGML). ZGML, which has over 25 years of experience in the gold mining industry in Eastern Siberia, plans to use the investment capital to complete construction of… Read More
Baring Vostok is investing US$50m into Tinkoff Credit Systems Bank (TCS Bank), a Russian mid-sized lender specializing in credit services. Oleg Tinkov, TCS Bank’s founder and majority owner, is currently developing a “branchless” model that will enable access to consumer credit in local stores. Baring Vostok will join Tinkov,… Read More
The European Bank for Reconstruction and Development (EBRD) and ADM Capital, a Hong Kong-based private equity fund investing in recovery and special situations in emerging markets, have provided a EUR60 million (US$78 million) financing package for Prista Oil Group BV, a Bulgaria-based producer of car lubricants and batteries. The… Read More
AVITO.ru, a Russian online classifieds website, has announced that it received US$75 million in new funding from Baring Vostok Capital Partners’ Private Equity Fund IV, Accel Partners, and existing investors Kinnevik and Northzone. The new capital will be used to fuel the company’s growth throughout Russia and to attract… Read More
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