Bahrain-based alternative investments manager Investcorp has announced the acquisition of a 30 percent stake in Orka Group, a Turkish menswear retailer, through its Gulf Opportunity Fund. Orka Group’s Damat, Tween and D’S Damat brands are sold in more than 250 stores in 40 countries. The investment is Investcorp’s sixth… Read More
Turkish private equity firm Crescent Capital has completed its first investment, a 60.4-megawatt photovoltaic power plant in Bulgaria. Crescent made the investment through its Clean Energy Transition Fund, a Turkey and Southeast Europe-focused energy infrastructure fund. Saudi infrastructure developer and operator ACWA Power and U.S. energy infrastructure investor First… Read More
Turkish fund manager Verusa Private Equity has acquired a 40 percent stake in Alden Steel, an Istanbul-based manufacturer of steel structures, platform grating and industrial equipment. Alden is Verusa’s second industrial investment. Financial terms of the transaction were not disclosed. Read More
TravelRent, a Russian online service for short-term apartment rentals, has raised US$2 million from Frontier Ventures, a Moscow-based venture capital fund focused on the Russian-speaking consumer internet industry. TravelRent plans to use the investment to strengthen its team and to develop new marketing programs to build brand awareness and… Read More
CapMan Russia, the Russia-focused private equity fund of Finnish asset manager CapMan, has acquired a 25 percent stake in Vital Development Corporation (Vital), a Russian producer of laboratory equipment and biochemical reagents. Vital plans to further expand its product line with two new business lines related to immunological analysis… Read More
CapMan Russia, a fund managed by Finland-based asset manager CapMan, has partnered with the European Bank for Reconstruction and Development (EBRD) and Russia-based UFG Private Equity to acquire 24 percent of KDL Test. A laboratory diagnostic services provider, KDL has operations across Russia. The deal, the financial… Read More
Horizon Capital has a 45% stake in Platinum Bank Company Headquarters: Ukraine Business focus: Banking and financial services Revenue: US$539 million in total assets (2011 unaudited) Impact Highlights As an active owner, Horizon Capital successfully navigated the bank through the turbulent global financial crisis and supported its transformation into a… Read More
Citi Venture Capital International invested EUR20 million (US$26.4 million) in 2006 and EUR30 million (US$42.3 million) in 2008. Company Headquarters: Lithuania, Poland and broader Central and Eastern Europe (CEE) Business focus: Pharmaceuticals Revenue: US$125 million (FY 2011) Impact Highlights CVCI Private Equity’s investment in Sanitas Group allowed the company to… Read More
London-based Bancroft Private Equity has acquired 75 percent of Turkish ceramic tiles and granite producer Graniser for US$75 million. Graniser is the fourth investment made in Turkey by the Bancroft Group, which focuses on private equity fund management in Eastern Europe. Graniser plans to invest US$500 million over the… Read More
Russia-based VTB Capital’s Private Equity and Special Situations group has partnered with Burger King Corporation and Burger Rus, the largest Russian Burger King franchise with 54 restaurants, to form a joint venture to expand the global fast food chain’s presence in Russia. The new joint venture will own exclusive… Read More
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