Accession Capital Partners reached a EUR90m (~USD91m) first close for its ACP Credit Fund I. The vehicle, which has a target of EUR200m (~USD203m), will provide senior-secured debt to high-growth SMEs in Central Europe that are seeking to grow organically or through acquisitions or to refinance existing bank debt. Read More
Lightspeed Venture Partners led a USD25m Series A for Lightyear, a UK- and Estonia-based multi-currency investment app, with participation from Richard Branson’s Virgin Group and follow-on from Mosaic Ventures, Taavet+Sten, Metaplanet and angels. Read more… Read More
The Rohatyn Group acquired Bulgaria-based electric bike maker Leader 96 from KJK Capital for an undisclosed amount. Read more… Read More
Owl Ventures led a USD50m Series C for Preply, a Ukraine-based language learning marketplace, with participation from Swisscom Ventures, Orbit Capital and Przemyslaw Gacek (Grupa Pracuj) and follow-on from Diligent Capital, Hoxton Ventures, Educapital and Evli Growth Partners. Read more… Read More
Re-Pie Portfolio led a USD20m bridge round for Modanisa, a Turkey-based Muslim fashion retailer, with follow-on from EBRD, Goldman Sachs and Wamda Capital. The funding will be used to expand into European and North African markets, launch an e-wallet service and expand to non-textile products. Read… Read More
500 Global, Credo Ventures, Movens Capital and Tilia Impact Ventures invested in a EUR3.4m (~USD3.5m) seed round for The Village Network, a Poland-based women-led edtech startup. Read more… Read More
BlackPeak Capital reached a USD132.1m (EUR126m) final close for its Luxembourg-based Southeast Europe Growth Equity Fund. The vehicle will focus on growth equity SMEs in Bulgaria, Romania, Slovenia, Croatia and Serbia and is backed by the EIF, EBRD, IFC, Erste Asset Management and others. Read more… Read More
Carlyle Group invested ~USD15.8m (EUR15m) in its own Memsource, a Czech Republic-based enterprise translation services company, which it purchased in July 2020. Read more… Read More
Vantage Capital invested ~USD105.7m (EUR100m) in Maple Bear, a Canada-based K-12 bilingual school franchise, for its CEE expansion. Read more… Read More
INVL Asset Management acquired Lithuania-based vet clinic network MiniVet through INVL Baltic Sea Growth Fundfor an undisclosed amount. Read more… Read More
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