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

Tatia Dzaptashvili, Analyst, Research

Central & Eastern Europe Research

2024 Trends in Global Tech

21 March 2024
GPCA markets are searching for a new normal. After an unprecedented wave of activity during COVID-19, venture capital (VC) deal value and count fell for the second straight year in… Read More

2024 Industry Data & Analysis

20 February 2024
GPCA’s 2024 Industry Data & Analysis features in-depth private capital data, commentary and analysis on key trends across global markets.   Key data takeaways:   Overall private capital deal value across GPCA’s markets… Read More

Private Capital in CEE: Building Businesses Against the Backdrop of a War

6 February 2024
For private capital investors in Central & Eastern Europe (CEE), the economic and geopolitical developments of the last several years – including Russia’s invasion of Ukraine – have presented a unique set… Read More

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

Innova Capital Acquires Minority Stake in Poland’s CloudFerro

Innova Capital acquired a minority stake in CloudFerro, a Poland-based cloud services provider for the European space sector. Read More

Horizon Capital Reaches USD350m Final Close for Ukraine Fund IV

Horizon Capital reached a USD350m final close for its fourth fund focusing on fast-growing primarily tech and export-oriented companies in Ukraine and Moldova. The fund had a USD250m target. Read More

Actis-Led Consortium Acquires Telecom Tower Portfolio from Serbia’s Telekom Srbija

A consortium led by Actis acquired a tower portfolio from Telekom Srbija, a Serbia-based telecommunications operator. The deal includes 1,800 macro towers across Serbia, Bosnia & Herzegovina and Montenegro. Read More

CEECAT Capital To Exit Turkey’s Anatolia Hospitals to Koc Holding

CEECAT Capital agreed to fully exit its 80% stake in the Turkey-based hospital chain Anatolia Hospitals through a sale to Koc Holding at an enterprise valuation of EUR110m (~USD120m). Read More

Horizon Capital Invests in Ukraine’s Viseven

Horizon Capital invested in Viseven, a Ukraine-based pharmaceutical marketing agency. Read More

Resource Partners Exits Poland’s Tołpa to Innova-backed Bielenda

Resource Partners fully exited Poland-based cosmetics manufacturer Torf Corporation, the owner of Tolpa and ON brands, to Bielenda, a cosmetics company backed by Innova Capital. Read More

Innova-backed EMI Acquires Romania’s Kadra

EMI Group, an industrial access solutions provider backed by Innova Capital, acquired Kadra, a Romania-based integrated solutions supplier for automation and access management. Read More

Horizon Capital Invests in Ukraine’s GoIT

Horizon Capital invested in GoIT, a Ukraine-based education platform focused on programming and other digital skills. Read More

Warburg Pincus Leads USD100m Round for Lithuania’s Nord Security

Warburg Pincus led a USD100m round for Nord Security, a Lithuania-based cybersecurity provider, with follow-on from Novator Ventures and Burda Principal Investments. The company was valued at USD3b. Read More

EBRD and MCI Invest ~USD21.5m in Baltic’s PHH Group

European Bank for Reconstruction and Development (EBRD) and MCI agreed to invest EUR20m (~USD21.5m) in PHH Group, a Baltic-based e-commerce platform with a presence in Finland. Read More

CVC Capital Partners Reaches ~USD29.2b Final Close for Fund IX

CVC Capital Partners reached a EUR26b (~USD29.2b) final close for its ninth fund focused on European and American investments. The vehicle exceeded its EUR25b target, making it the world’s biggest… Read More

Horizon Capital Leads USD70m Series C+ for Ukraine’s Preply

Horizon Capital led a USD70m Series C+ for Preply, a Ukraine-founded language tutoring platform, with participation from Reach Capital, Hoxton Ventures and others. Read More