VTB Capital, the investment arm of Russia-based VTB Group, and global investment firm Goldman Sachs’s Special Situations Group (SSG) have acquired a 50 percent stake in Russian Fitness Group (RFG), a fitness operator in Russia. As part of the transaction Goldman Sachs, which has been an investor in RFG… Read More
Da Vinci Capital, an independent asset manager focusing on mid-market private equity investments in Russia and the Commonwealth of Independent States, has acquired a controlling 63 percent stake in Russia-based IT Invest, a provider of online brokerage services. The transaction was structured through Da Vinci Private Equity Fund II,… Read More
Venture Investments & Yield Management (VIYM), a partnership focused on private equity fund and consortium investments in Europe, has acquired a significant stake in Russia-based Family Doctor Medical Company, which operates three outpatient clinics across Moscow. The company intends to open four additional clinics in Moscow and enter regional… Read More
Global investment firm The Gores Group and medical laser company Technology4Medincine have entered into an agreement to acquire a controlling interest in Slovenia state-owned-asset Fotona, a developer of medical and military laser gear. The Gores Group, structured through its Small Capitalization Partners fund, and Technology4Medicine will privatize the company… Read More
Global investment firm The Gores Group and medical laser company Technology4Medincine have entered into an agreement to acquire a controlling interest in Slovenia state-owned-asset Fotona, a developer of medical and military laser gear. The Gores Group, structured through its Small Capitalization Partners fund, and Technology4Medicine will privatize the company… Read More
BaltCap, a private equity and venture capital investor in the Baltic States, has sold its 48 percent shareholding in Latvia-based concrete floor producer Primekss. The transaction was structured through BaltCap Latvia Venture Capital Fund, which originally invested EUR1.4 million (approximately US$1.9 million) in Primekss in 2010, obtaining 48 percent… Read More
European venture capital firm Earlybird Venture Capital has held a first close on its latest early-stage fund, Earlybird Digital East Fund (EDEF), with US$110 million in capital commitments. The fund, which is targeting US$130 million, will invest in consumer internet, mobile and enterprise technology companies originating from Turkey and… Read More
International private equity firm Centurion Resource Group has acquired a 75 percent stake in a copper asset located in the Karagandy region of Kazakhstan. The copper project has a projected deposit of 153 million tons of mineral resource, with gold grades also found on the property. Financial details of… Read More
EMF Capital Partners, a private equity firm focused on financial institutions in emerging markets, has invested in Russia-based insurance software company Virtu Systems. The transaction was structured through EMF New Europe Insurance Fund (NEIF), which will become Virtu’s largest shareholder. The investment will allow Virtu to expand its team… Read More
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, and Intel Capital, the venture capital and private equity arm of Intel Corporation, have sold a joint 32.5 percent stake in Romania-based software company SIVECO Romania to the company’s management. Enterprise Investors and Intel Capital bought the stake in… Read More
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