CEE-focused private equity firm ARX Equity Partners, Switzerland-based asset management company Capital Dynamics and independent investor Lubor Žalman have agreed to invest in Fincentrum, a financial consultancy operating in the Czech Republic and Slovakia. With the investment, Fincentrum intends to accelerate its growth in both markets. Financial details of… Read More
Turkish investment management and advisory services firm Globalturk Capital has partnered with Japanese trading and investment company Mitsui & Co. to invest in Turkish call center operator Tempo Cagri Hizmetleri. Globalturk, which invested in Tempo in 2011, facilitated this recent co-investment alongside Mitsui. Financial details of the transaction were… Read More
Global multi-asset class investment manager PineBridge Investments has signed an agreement to acquire a 20.02 percent stake in Polish temporary staffing and personnel outsourcing company Work Service for EUR26 million (approximately US$34.6 million). Work Service is listed on the Warsaw Stock Exchange and operates in Russia, the Czech Republic,… Read More
U.K.-based healthcare investor Moonray Healthcare has acquired Czech Republic-based ophthalmologic hospital manager Lexum from CEE-focused private equity firm Arx Equity Partners and Lexum’s founder, Professor Martin Filipec. Lexum operates ten hospitals focused on general ophthalmology and refractive surgery in the Czech Republic and Poland. Financial details of the transaction… Read More
East Capital, a Swedish asset management firm focused on Eastern Europe and China, has sold its 8.8 percent stake in Latvian IT products wholesaler ELKO Grupa to the company’s other shareholders. East Capital first invested in the company in 2005 and provided debt financing in 2008 and 2009. The… Read More
CEE-focused private equity firm Mid Europa Partners has agreed to sell Polish healthcare services provider Lux Med to British healthcare services group Bupa. The deal values the company at EUR400 million (approximately US$529.3 million) and the exit will reportedly generate returns of 2.5x to Lux Med’s investors, including Mid… Read More
Turkish investment management and advisory services firm GlobalTurk Capital has established a partnership with early stage emerging markets private equity investor Small Enterprise Assistance Fund (SEAF) to explore investment opportunities in Turkish small- and medium-sized enterprises (SMEs). The two firms will reportedly jointly raise a private equity fund focused… Read More
As 2012 came to a close, EMPEA reached out to a number of the industry’s leading practitioners to solicit their reflections on the year gone by, and to glean insights on the prospects for emerging markets private equity in the year ahead. The Global Firms’ Views Paul Fletcher, Senior Partner,… Read More
Download the full article here. Over the last few years, we have seen a significant drop in private equity capital flowing into emerging markets, with a greater percentage of this funding concentrating on a fewer number of larger funds active in a handful of core markets. Average… Read More
The Overseas Private Investment Corporation (OPIC), the development finance arm of the U.S. government, has approved a US$40 million commitment to CapMan Russia II, a Russia-focused private equity fund managed by Finland-based CapMan Group. The capital is intended to support small and medium-sized enterprises (SMEs) in Russia’s outer provinces. Read More
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