CEE-focused venture capital fund New Europe Venture Equity (NEVEQ) has exited Bulgaria-based data center provider 3DC to London-listed data center provider TelecityGroup. NEVEQ originally invested EUR2 million in 3DC, which provides carrier-independent co-location services for companies, in 2009. Financial details of the transaction were not disclosed. Read More
Turkey-focused private equity firm Mediterra Capital Partners has acquired a 49 percent stake in Turkey-based household appliances producer Arzum Elektrikli Ev Aletleri. Mediterra, through its subsidiary SDA International, bought the stake from Turkish Household Appliance, a unit of emerging markets investment manager Ashmore Group. The company intends to use… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has fully exited Ukraine-based retail banking platform Platinum Bank to a group of international investment funds and financial investors. The transaction was structured through Emerging Europe Growth Fund. Horizon… Read More
A consortium led by VTB Capital, the investment arm of Russia-based VTB Group, has sold White Gardens, an office center located in Moscow, to Russia-based asset management company Millhouse. The consortium included global private investment firm TPG, sovereign wealth fund China Investment Corporation, international real estate company AIG/Lincoln and… Read More
Venture capital firms Prostor Capital and e.ventures have invested US$3 million in Russia-based AdMoment, developer of a real-time bidding platform for mobile advertising. Fastlane Ventures, a Russia-based online business developer, and several angel investors also participated. Prostor Capital led the Series A funding round. AdMoment intends to use the… Read More
Enterprise Investors, a private equity firm focused on Poland and CEE, has acquired a 100 percent stake in Poland-based Danwood, a producer of prefabricated timber houses, for EUR57 million (approximately US$77 million). The firm purchased the stake from Ferrovial Agroman's Polish subsidiary Budimex, structuring the transaction through Polish Enterprise… Read More
Russia and CIS-focused private equity firm Elbrus Capital has acquired a 100 percent stake in Russia-based financial and HR business process outsourcing (BPO) provider Intercomp. The company intends to use the new funding for growth and expansion. Financial details of the transaction, which was structured through Elbrus Capital Fund… Read More
Central Europe-focused mid-market private equity firm Innova Capital, through its special purpose vehicle European Media Holding, will finance the acquisition of Poland-based internet portal Wirtualna Polska from Polish Orange subsidiary Telekomunikacja Polska. The transaction, which was reportedly structured through Innova/5, is valued at PLN375 million (approximately US$123.2 million). As… Read More
Russia-based credit card company Tinkoff Credit Systems (TCS), backed by Russia and CIS-focused private equity firm Baring Vostok, has raised US$1.1 billion in an oversubscribed London initial public offering. The final pricing gave the company a valuation of US$3.2 billion. As part of its IPO, TCS raised US$175 million… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has invested about MYR642 million (approximately US$200.8 million) for a substantial minority stake in Malaysia-based Weststar Aviation Services, provider of offshore helicopter and transportation services to the oil and gas industry. The transaction was structured through KKR Asian Fund II. Read More
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