International private equity group Bridgepoint has acquired Poland-based Dr Gerard, a producer of branded and private label biscuits, from France-based biscuit manufacturer Groupe Poult. Dr Gerard intends to consolidate its position in Poland and develop an international platform in CEE. Financial details of the transaction were not disclosed. Read More
CEE and CIS-focused buyout investor Mid Europa Partners has acquired a 75 percent stake in Poland-based ski lift operator Kolej Gondolowa Jaworzyna Krynicka from Polish financial institutions PZU and PKO BP for a reported EUR11.8 million (approximately US$15.9 million). The transaction was completed through Polskie Koleje Gorskie (PKG), an… Read More
Emerging markets-focused debt and equity fund manager Cordiant Capital has committed a US$10 million loan to a US$646 million project by Kazakhstan-based power company Central-Asian Electric Power Corporation (CAEPCO). The loan, which is structured through Cordiant Emerging Loan Fund IV, is being made in partnership with development finance institution… Read More
ADM Capital, an investment firm focused primarily on recovery, special situations and event-driven opportunities in emerging markets, has invested US$30 million in Russia-based agricultural company Irrico. Irrico was formed by global investment bank VTB Capital in 2012 to acquire large scale operating farms in Southern Russia and install modern… Read More
Central and Eastern Europe-focused private equity firm 3TS Capital Partners has announced the first closing of its latest fund, TCEE Fund III, with EUR103 million (approximately US$136 million) in capital commitments. TCEE Fund III will continue the firm’s focus on growth capital investments in the broader telecommunications, media and… Read More
Baring Vostok, a private equity firm operating in Russia and the CIS, has sold a three percent stake in Russia-based online search engine operator Yandex for US$327 million. Baring Vostok funds have steadily reduced their stake in the internet company from 16 percent as of December 2012 to about… Read More
Turkey-focused private equity investment firm TRPE Capital has announced the first close of TRPE Venture Partners Fund I. With a final target of US$25 million, the fund, which is expected close in 2014, will invest in Turkey-based seed and early stage information and communications technology companies. In recognition of… Read More
Venture capital firms Runa Capital and Frontier Ventures and Intel Capital, the venture capital and private equity arm of Intel Corporation, have invested US$12 million in Russia-based Eruditor Group, provider of an online platform that connects customers with private professionals such as doctors, tutors or beauticians. This is the… Read More
Development finance institution European Bank for Reconstruction and Development (EBRD), Russian sovereign wealth fund the Russian Direct Investment Fund (RDIF) and private equity fund manager CapMan Russia will invest US$100 million in Russia-based IT outsourcing provider MAYKOR. RDIF will invest US$50 million, with EBRD and CapMan Russia, structured through… Read More
At its May meeting in Washington, EMPEA’s Legal and Regulatory Council discussed the regulatory changes facing the private equity industry and the likely impact of those changes on the membership of EMPEA. The Council concluded that some of the changes, such as the European Alternative Investment Fund Managers Directive (AIFMD),… Read More
(default archive template)