Funds under the management of Resource Partners have acquired a 71 percent stake in Romania-based fitness chain World Class Romania in a management buyout. The company plans to continue the expansion of its network in order to offer its members a greater choice of fitness locations and training experiences. Read More
Russia-based hypermarket chain Lenta, which is backed by global private investment firm TPG, VTB's investment business VTB Capital and development finance institution European Bank for Reconstruction and Development (EBRD), began conditional trading on the London Stock Exchange on 28 February 2014. Lenta shareholders, led by TPG, raised US$952 million… Read More
CEE-focused investment manager Axxess Capital has purchased a stake in Romania-based cloud storage provider Star Storage. The transaction was structured through Axxess Capital’s Emerging Europe Accession Fund. Star Storage operates in Romania and Moldova, and intends to use the new capital to grow its capabilities to deliver cloud services,… Read More
Venture capital firm Index Ventures has led a US$26 million Series C financing round in Czech Republic-based social analytics company Socialbakers, alongside existing backer European venture capital firm Earlybird Venture Capital. Previously, Earlybird had led a US$2 million early-stage funding round in Socialbakers in September 2011 and participated in… Read More
Russia and CIS-focused private equity firm Elbrus Capital has reached a final close on Elbrus Capital Fund II with US$550 million in capital commitments, exceeding its target of US$500 million and hitting its hard cap. In addition, the fund secured US$150 million in financing from U.S. development finance institution… Read More
CEE and CIS-focused buyout investor Mid Europa Partners has reached a first close on Mid Europa Fund IV with EUR665 million (approximately US$906.6 million) in capital commitments. Investors include sovereign wealth funds GIC and China Investment Corporation and fund of funds managers HarbourVest Partners, Pantheon and AlpInvest Partners. Separately,… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, ARX Equity Partners, a private equity investor focused on mid-sized companies in CEE, and food industry executive Gerard Lenihan have completed the buyout of Hungary-based manufacturer and bottler of nonalcoholic beverages Gramex 2000. The transaction was structured through… Read More
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has completed an investment in Poland-based motor insurance broker BIK Brokers. The company, which acts as an intermediary between its clients and insurance providers, intends to use the investment to support its growth strategy. Financial details of the transaction… Read More
BaltCap, a private equity and venture capital investor in the Baltic States, has reached a first close on its latest fund, BaltCap Private Equity Fund II, with EUR50.6 million (approximately US$68.4 million) in capital commitments. The fund is targeting EUR100 million (approximately US$135.1 million) and will make equity investments… Read More
Global private equity and venture capital firm Insight Venture Partners has led a US$27 million Series B financing round in Lithuania-based Vinted, a mobile marketplace for second-hand clothes. Existing investor venture capital firm Accel Partners also participated in the round. Vinted intends to use the funding to expand its… Read More
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