Gulf Capital, a United Arab Emirates-based alternative investment firm, has completed a US$15 million investment in Turkey-based telecommunications service provider TurkNet İletişim Hizmetleri (TurkNet). The transaction was structured through Gulf Credit Partners, Gulf Capital’s credit and mezzanine fund. TurkNet provides broadband internet, long distance telephone and hosting services in… Read More
Central and Eastern Europe-focused private equity group MCI Management has acquired a minority stake in Wearco, the company that operates online clothing store Answear.com. Answear.com intends to use the capital injection to grow its market share in Poland and neighboring countries. Financial details of the transaction, which was structured… Read More
Lithuania-focused venture capital firm Practica Capital has invested EUR200,000 (approximately US$257,000) in ImpressPages, a Lithuanian software developer. ImpressPages, creator of an open-source, drag-and-drop online content management system, intends to use the additional capital to grow its number of product users and to develop its ImpressPages Marketplace, where developers of… Read More
Turkey-based hospitality cloud software startup CloudArena has raised US$1.5 million in an early stage funding round from seed and venture capital investors Aslanoba Capital and 212 Capital Partners. CloudArena intends to use the additional financing to digitize accommodations and travel agencies worldwide. Separately, 212 Capital Partners has also participated… Read More
Central and Eastern Europe-focused private equity capital fund management firm Bancroft Private Equity has invested in Tatilsepeti.com, an online Turkish tourism company. The transaction was structured through Bancroft 3. Tatilsepeti.com claims over 18 million annual visitors, and hopes to rank among the major international tourism portals. Financial details of… Read More
Unicorn Capital Partners, a Russia-based infrastructure sector buyout fund, has acquired a controlling interest in Constanta Group, a designer and manufacturer of glass façade systems in Russia. Constanta was formed in 2011 through a merger of three Russian manufacturers. Financial details of the transaction were not disclosed. Read More
İş Private Equity, a private equity firm focused on Turkish small- and medium-sized enterprises, has agreed to sell a 20 percent stake in Aras Cargo, a Turkey-based shipping and packaging company, to Austria Post for TRY100 million (US$53 million). Austria Post is a logistics and postal services provider in… Read More
ADM Capital, an investment firm focused primarily on recovery, special situations and event-driven opportunities in emerging markets, has completed a follow-on investment in Labnet Holding, a Kazakhstan-based company that owns and operates medical laboratories and service centers across Kazakhstan, Kyrgyzstan and Russia. The investment is structured through ADM Capital’s… Read More
Polish private equity firm Tar Heel Capital has acquired a 60 percent stake in Polish hydraulic oil systems manufacturer Rockfin. The investment, which marks the first from the EUR50 million Tar Heel Capital II fund, is intended to finance the development of Rockfin’s production plant as well as potential… Read More
Global private equity firm Summit Partners, American industrial group Access Industries and German conglomerate Tengelmann Group have collectively invested US$130 million in Russian online shopping service Lamoda. The investment is intended to increase Lamoda’s brand portfolio as well as expand its Russia-focused home delivery service, Lamoda Express. Lamoda was… Read More
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