Central and Eastern Europe-focused private equity fund manager Abris Capital Partners has agreed to buy Romania-based courier service provider Urgent Curier. Abris plans to merge the company with its existing portfolio company Cargus International, a Romania-based domestic parcel shipping company, which it had acquired in October 2012. Post-merger, the… Read More
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has supplied financing to support the management buyout of Romania-based oil and gas services business Expert Petroleum. The transaction was structured through Sytnaxis Capital’s second mezzanine fund. Expert Petroleum intends to use the financing for the development of production-enhancement… Read More
Lithuania-based Rewalon, a provider of corporate rewarding services and operator of gifting mobile app Gifty, has received a follow-on financing round from Lithuania-focused venture capital firm Practica Capital and venture capital fund Online Venture. Practica Capital’s investment was structured through Practica Seed Capital fund. Financial details of the transaction… Read More
Global private equity and venture capital firm iTech Capital has led a US$5 million Series B financing round in Russia-based e-commerce platform Ecwid. Existing investor venture capital firm Runa Capital also participated in the round. Ecwid, which allows retailers to create online stores and add them to web platforms,… Read More
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, will invest EUR10.5 million (approximately US$14.4 million) in the development of radiotherapy centers in Poland. The funds will primarily be used for the construction of a radiotherapy center for cancer patients, in conjunction with local hospital Tomaszów Health Center,… Read More
Europe-focused venture capital firm Earlybird Venture Capital has invested in Turkey-based real estate listings platform Metrekare. The transaction was structured through Earlybird Digital East Fund. Separately, Earlybird has backed Romania-based online recruitment portal Tjobs. The fresh funding will support the company’s European expansion. Financial details of the two transactions… Read More
CEE and CIS-focused private equity funds raised US$1.5 billion in Q1 2014, surpassing the fundraising total reached for all of 2013. Though CEE-dedicated funds, led by Mid Europa Fund IV with a EUR665 million (US$906 million) first close, accounted for 76% of the Q1 total, Russia-focused Elbrus Capital and Da… Read More
What is Emerging Markets Mezzanine Financing? Access to finance is one of the most prevalent challenges facing countless entrepreneurs and business owners across the emerging markets. Local banks have traditionally focused their lending on only a handful of large companies—in part, because they view smaller firms as having insufficient assets… Read More
Russia-focused venture capital firm iTech Capital has invested US$10 million in Russia-based SMS marketing technology company MFMSolutions. The company’s technology allows customers to send high volumes of text messages, up to 10,000 per second or 25 billion per month. Its clients include banks, insurance companies, online and offline retailers… Read More
Key findings from the 2014 Global Limited Partners Survey include: 41% of LPs* plan to increase the percentage of their total PE allocation targeted at emerging markets over the next two years, higher than the 32% reporting similar intentions in the 2013 survey. 54% of LPs* expect to increase the dollar value… Read More
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