In the spirit of Spring, this Bulletin focuses on growth—in the diversity of fund structures available to investors; in positive reforms in West and Central Africa and in the regulation of European venture capital; and in support for fund managers when implementing environmental, social and governance (“ESG”) requirements throughout their… Read More
In February 2014, The European Private Equity and Venture Capital Association (EVCA) published an overview of the European Venture Capital Fund Regulation, (“EuVECA”), a July 2013 regulation that grants qualifying venture capital managers the ability to market to qualified investors throughout the European Union on a single passport. The… Read More
UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management, has acquired a minority stake in Russia-based pharmaceutical logistics firm Santens Service Logistics Group. The transaction was structured through UFG Private Equity Fund II. UFG plans on investing more than US$30 million… Read More
Ukraine and Russia-focused venture capital firm AVentures Capital and Torben Maygaard, founder of outsourcing company Ciklum, have participated in a Series A financing round for Ukraine-based augmented reality technology developer Augmented Pixels. Previously, the company received a seed investment from AVentures Capital in February 2013 for an estimated US$1… Read More
Central and Eastern Europe-focused private equity fund manager Abris Capital Partners has completed its second exit of Poland-based delivery company Siodemka via a sale to DPD Polska, a Poland-based provider of parcel services. Abris originally invested in Siodemka three years ago. Financial details of the transaction were not disclosed. Read More
A consortium led by UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management, and banking and financial institution Gazprombank have acquired a 100 percent stake in Russia-based drug manufacturer Segmenta Pharmaceuticals. The investor group, which also includes pharmaceuticals industry veteran Andrei… Read More
Estonia-based peer-to-peer lending platform Isepankur has raised EUR1.3 million in a funding round led by Global Founders Capital, a Germany-based venture capital firm owned by Fabian Siegel and Oliver and Marc Samwer, the founders of global e-commerce investment company Rocket Internet. Isepankur has also announced it will adopt Bondora… Read More
A consortium of investors led by EMF Capital Partners, a private equity firm focused on financial institutions in emerging markets, has acquired Turkey-listed non-life insurance company Aviva Sigorta from insurance and asset management company Aviva. EMF’s investment was structured through the EMF New Europe Insurance Fund. Development finance institutions… Read More
Global asset manager PineBridge Investments Middle East has acquired a 50 percent stake in Turkey-based physical therapy and rehabilitation services chain Romatem. The company operates a network of four facilities and intends to use the new investment to establish additional hospitals and clinics across Turkey, as well as for… Read More
Central and Eastern Europe-focused private equity firm 3TS Capital Partners, structured through its Catalyst Romania fund, has acquired more than a 23 percent stake in Romania-based Simartis Telecom, a developer of products and services for Global System for Mobile Communications (GSM) operators. The company intends to use the fresh… Read More
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