Krakow, Poland

Members can access GPC Analytics for a ten-year archive of CEE private capital transactions and data cuts.

Research Team

Jeff Schlapinski, Managing Director, Research

Sabrina Katz, Manager, Research & Special Projects

Tatia Dzaptashvili, Analyst, Research

Central & Eastern Europe Research

2023 Industry Data & Analysis

21 February 2023
Private capital investment activity across GPCA’s markets remained strong by historical standards in 2022, with fund managers deploying USD208b.  Overall deal value declined 22% from 2021, yet 2022 was still… Read More

2023 Trends in Global Tech

21 February 2023
Overview GPCA’s annual Trends in Global Tech report traces venture capital flows across Africa, India, China, Southeast Asia, Latin America, Central & Eastern Europe and the Middle East. Amidst a… Read More

2022 CEE Data Insight

15 December 2022
Private capital deal activity in CEE declined in Q3 2022 amidst a global tech slowdown and the Russia-Ukraine war. Still, opportunities in tech and the energy transition continue to attract… Read More

2022 Global Private Capital Industry Data & Analysis

16 February 2022
GPCA Members can log in to download the complete 2022 Industry Data & Analysis Excel file. GPCA data through year-end 2021 across Asia, Latin America, Africa, CEE and the Middle… Read More

Mid-Year 2021 Global Private Capital Industry Data & Analysis

16 September 2021
GPC 1H 2021 data on fundraising, investment and exit activity across Asia, Latin America, Africa, CEE and the Middle East   Key data takeaways:   All major markets posted year-over-year gains… Read More

CEE 2021 Data Insight

31 March 2021
Total CEE exit value disclosed to EMPEA reached USD7.8b in 2020, bolstered by public markets transactions Total exit value in Central & Eastern Europe (CEE)—inclusive of Turkey, Russia, and neighboring… Read More

CEE & CIS Data Insights (Mid-Year 2020)

10 September 2020
EMPEA Members can log in to receive exclusive access to the full detailed report (PDF) and underlying data (Excel). Buyout-focused GPs raised USD783m for CEE & CIS in 1H 2020, becoming poised… Read More

2021 Climate Data Insight

2 November 2021
Based on GPCA’s newly developed taxonomy of climate-dedicated businesses, the 2021 Climate Data Insight covers climate-focused private capital activity in Asia, Latin America, Africa, Central & Eastern Europe and the… Read More

2021 Trends In Global Tech

25 May 2021
Investments in Africa, Asia, CEE, Latin America and the Middle East EMPEA’s 2021 report on global venture investment traces venture capital (VC) flows across Africa, Asia, CEE, Latin America and… Read More

Central & Eastern Europe News

Connecting Fund Managers with Impact Investors’ Tax Principles

The purpose of this article is to initiate communication between multilateral and bilateral development finance institutions (‘’DFIs”) and private equity fund managers (“FMs”) that seek to attract DFI funding for… Read More

Abris-backed Velvet CARE Acquires Poland’s Almus

Poland-based tissue producer Velvet CARE, with support from Abris Capital Partners, acquired Almus, a Poland-based paper products manufacturer. Abris acquired Velvet CARE from Avallon in 2018. Read More

Latvia’s Y Combinator-backed Aerones Raises USD39m

Aerones, a Lativa-based wind turbine maintenance services provider backed by Y Combinator, raised a USD39m round from Change Ventures and others. Read more here and h Read More

Sandberg Capital Invests ~USD21m in Serbia’s Quantox Technology

Sandberg Capital invested EUR20m (~USD21m) in Quantox Technology, a Serbia-based software developer. Read More

Practica Capital Reaches ~USD34m First Close for Fund III 

Practica Capital reached a EUR32m (~USD34m) first close for its third fund, a vehicle that will focus on Baltic startups from pre-seed to Series A.  Read More

Carlyle To Acquire Czech Republic’s TESCAN ORSAY

Carlyle agreed to acquire a majority stake in TESCAN ORSAY, a Czech Republic-based manufacturer of electron microscopes and other scientific instruments. Read More

Kinnevik and Goldman Sachs Asset Management Lead USD185m Series C for Czech Republic’s Mews 

Kinnevik and Goldman Sachs Asset Management led a USD185m equity and debt Series C for Mews, a Czech Republic-based hotel property management platform, with participation from Revaia, Derive Ventures and… Read More

Enterprise Investors-backed Studenac Acquires Croatia’s Toni Marketi

Studenac, a Croatia-based retail chain backed by Enterprise Investors, acquired Toni Marketi, a retailer operating 12 stores on the central Croatian Adriatic coast. Read M Read More

EBRD Commits ~USD5m to 500 Istanbul Fund II 

European Bank for Reconstruction and Development (EBRD) committed EUR5m (~USD5m) to 500 Istanbul Fund II, 500 Global’s second Turkey- and CEE-focused fund. Read M Read More

Abris-Backed Scanmed Acquires Poland’s ARS Medical

Scanmed, with support from Abris Capital Partners, acquired ARS Medical, a Poland-based healthcare provider focusing on cancer treatment. Abris acquired Scanmed in 2020. Read More

Mercia and MSD Global Health Lead a ~USD20m Series A for Hungary’s Turbine

Mercia and MSD Global Health led a EUR20m (~USD20m) Series A for Turbine, a Hungary-based cancer cell simulation developer, with participation from Day One Capital and follow-on from Accel, Delin… Read More

Aquiline-Backed Everfield To Acquire Latvia’s Blue Bridge Technologies; BaltCap to Exit

Everfield, a software buy-and-build platform established by Aquiline, agreed to acquire a 100% stake in Blue Bridge Technologies, a Latvia-based developer of medical practice management software. The deal will facilitate… Read More