The European Securities and Markets Authority (“ESMA”) announced on 18 July 2013 that it has approved global supervisory cooperation arrangements between the securities regulators of the European Union and their third country counterparts. The arrangements were negotiated by ESMA on behalf on the EU Member States, the additional three countries… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has invested US$2.7 million in Moldova-based winemaker Bostavan Wineries Group. The company, which produces one million bottles of wine a year, intends to use the capital injection to purchase… Read More
Global growth markets investor The Abraaj Group will acquire a significant stake in Republika Academic Apartments, consisting of two Turkey-based student accommodation assets with a total of 1,274 beds. The Abraaj Group invested alongside Republika’s developer BLG Capital, a Turkey-focused real estate private equity firm. Financial details of the… Read More
Global private equity firm Advent International has sold Romania-based paint manufacturer Deutek to CEE-focused investment manager Axxess Capital. The transaction was structured through Axxess Capital’s Emerging Europe Accession Fund. Advent International originally acquired the company in 2005. With Axxess Capital, Deutek intends to pursue new opportunities in the Romanian… Read More
Hungary-based wastewater treatment and recycling provider Organica Water has closed a Series B round of financing led by International Finance Corporation. Other participants in the round included Invesco WLR Private Equity Investment Management Company (Huaneng Invesco), a joint venture between Huaneng Capital, Invesco and Invesco affiliate WL Ross &… Read More
Russia-focused growth capital and buyout investor FINAM Global has sold its 30 percent stake in Russian bank information website Banki.ru for US$6 million to Russia Partners, a Russia and CIS-focused private equity firm. The secondary transaction was structured through Russia Partners Technology Fund. FINAM Global originally bought the 30… Read More
BaltCap, a private equity firm focused on the Baltic States, has exited its investment in Medicap Holding, an Estonia-based medical laboratory services provider with operations in Estonia, Lithuania and Finland. Synlab, a Germany-based provider of laboratory services for human and veterinary medicine, acquired 100 percent of Medicap from Baltcap… Read More
Global growth markets investor The Abraaj Group has entered into an agreement to sell its 50 percent stake in Turkey-based health insurance provider Acıbadem Sağlık ve Hayat Sigorta (Acıbadem Sigorta) to Khazanah Nasional Berhad, the Government of Malaysia's strategic investment fund. Khazanah will acquire a combined 90 percent stake… 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 significant minority stake in Russia-based debt collection agency First Collection Bureau from the company’s founders. Da Vinci Capital will join existing private equity investor Baring… 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 significant minority stake in Russia-based debt collection agency First Collection Bureau from the company’s founders. Da Vinci Capital will join existing private equity investor Baring… Read More
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