Posted Sat, 06/03/2010 - 18:54
The Siesta Group of Vienna has reached a deal to sell its Somnolyzer 24x7 business to Royal Phillips Electronics. The company is active in the sleep disorder testing market, making a good fit for a Phillips portfolio that has been increasing its holdings in home health care and sleep diagnostics. The industry is expected to enjoy continued growth in the coming years as global awareness of disorders such as Obstructive Sleep Apnea (OSA) increases. Two similar Siesta companies involved in research and clinical services will be retained.
Posted Sat, 06/03/2010 - 18:25
Austria's EK Mittelstandsfinanzierungs AG (EK Fin) has acquired a 15% stake in Transfer Industries Ltd., a holding company which owns the majority share of Global Hydro Energy GmbH. EK Fin cited the booming renewable energy market in Europe, as well as Global Hydro's recent growth, as reasons to add the company to its portfolio.
Posted Wed, 03/03/2010 - 22:31
Penta Investments, the CE investment group based in Prague, has reached an agreement to acquire the PR Market chain in the Czech Republic. Penta will acquire 100% of PR Market, which operates under the Koruna brand name, with completion of the deal expected to come within the next two months. The acquisition is expected to help strengthen Zabka, the convenience store chain also owned by Penta. Neither party has commented on the value of the acquisition as they wait for regulatory approval from the Czech Antimonopoly Office.
Posted Wed, 03/03/2010 - 22:12
Already the Ukraine's largest investor with more than €4.2 billion committed to 194 projects, the EBRD has agreed to provide a substantial loan to LLC Ergop
Posted Wed, 03/03/2010 - 21:59
Hungary's BorsodChem chemicals group has secured a sizable amount of funding to help stabilize its liquidity and build a new production facility. The funding comes by way of an initial €30 million financing package from China's Wanhua Industrial Group designed to help BorsodChem restructure its current debt load.
Posted Fri, 26/02/2010 - 20:00
Swiss cloud computing firm Parallels has received a new round of venture capital as at least two investors bought in to an industry which is expected to reach USD 44.2 billion within the next several years. Russia Partners, a subsidiary of emerging market investor Siguler Guff & Co., was joined by Bessemer Venture Partners of New York in acquiring a minority stake. Bessemer has been an investor in Parallels since 2005.
Posted Fri, 26/02/2010 - 19:25
Buy-Out Central Europe II Beteiligungs-Invest AG (BCE) has acquired a majority stake in Austrian manufacturer, Austria Email, from UIAG. The deal gives BCE a 63.4% stake at a price of almost €21 million while the remaining shares are split between B&C Holding GmbH (20.6%) and free float (16%).
Posted Fri, 26/02/2010 - 19:15
Looking to the future of Vitalux as an attractive acquisition in the pharmaceutical industry, Euroventures Ukraine Fund (EUF) II is standing behind the Ukrainian pharmacy chain as it expands its presence in Kyiv. The Vitalux expansion includes 14 new stores on Kyiv's western bank as well as the assimilation of current pharmacies operating under different brand names into the Vitalux family.
Posted Wed, 24/02/2010 - 19:54
Anglo American plc has announced the sale of Polish concrete products manufacturer, Libet, to Innova Capital. The acquisition was made through Innova's fourth fund, Innova/4, and gives the firm 100% ownership.
Posted Wed, 24/02/2010 - 19:42
Daimler AG recently announced it has begun the process to strengthen its position and role KAMAZ, the Russian truck and bus manufacturer in which it already owns a 10% interest. Daimler has teamed up with the EBRD and signed a memorandum of understanding to purchase a 5% stake currently owned by Troika Dialog. Under terms of the proposal, the deal would be completed as two transactions; Daimler would acquire 1% with the EBRD getting the remaining 4%.
Posted Sun, 21/02/2010 - 17:24
In a move that brings an end to a three-year investment, 3TS Capital Partners/3i has agreed to sell its majority stake in Romanian medical services company Centrul Medical Unirea (CMU) to Advent International. Joining the sale are CMU's founders who own a minority stake.
Posted Fri, 19/02/2010 - 21:45
Mail.ru co-owners Digital Sky Technologies (DST) and Naspers appear to be engaged in talks that could result in a merger of the two companies' social networking holdings in Poland. Russian-based DST owns a 75% stake in Nasza-Klasa.pl while the South African-based Naspers owns the Gadu Gadu instant messaging service.
Posted Fri, 19/02/2010 - 18:57
JET Investment won a public tender to acquire bankrupt Kordarna. With creditors and the courts willing to allow reorganization, JET should be able to restructure Kordarna and procure the financing needed to operate. JET is hopeful that free of past debt, a new Kordarna will be able to maintain production while achieving a measure of growth and development.
Posted Thu, 18/02/2010 - 21:55
The European Bank for Reconstruction and Development has approved a €50 million investment for Mezzanine Management Central Europe Limited's new eastern European fund, Accession Mezzanine Capital III. The two have a well-established relationship having worked together on the earlier AMC I & II funds. The EBRD's commitment to the corporate sector in the CEE region has been demonstrated over the years through total investments in excess of €2.5 billion.
Posted Thu, 18/02/2010 - 19:38
Berlin-based bmp Media Investors has reached an agreement allowing it to fully exit Nokaut.pl, the e-commerce platform which has been part of the bmp portfolio since early 2006. The firm will sell its 34.26% stake to TFI Investors' LBO fund for a price of PLN 5.4 million. The deal is contingent upon the conditions of precedent, including due diligence and the approval of shareholders from both companies. Completion is expected by the end of February.
Posted Mon, 15/02/2010 - 13:08
Upon acquiring Czech opthalmology company Lexum Group last year, ARX Equity Partners pledged to work with Lexum founder Marc Filipec to expand the company within Central and Eastern Europe. Holding to that pledge Lexum recently announced the acquisition of Intermedica, a leading player in Poland's opthalmology clinic market, for an undisclosed price.
Posted Sat, 13/02/2010 - 12:59
Russia’s Allianz Rosno Asset Management has announced its most recent investment, a USD 5 million deal with marine research technology company Seismo-Shelf. The investment will be made via the Moscow-based USD 100 million New Technologies venture fund, which was established in 2009 to seek opportunities in emerging Russian technologies.
Posted Sat, 13/02/2010 - 12:52
Citing the burgeoning global market for disposable medical devices, Istanbul's RHEA Investments has agreed to acquire a majority stake in Turkish medical manufacturer SETA Medical Products. The deal, to be transacted through RHEA's Vakif Girisim venture capital fund, values SETA at approximately USD 4.6 million.
Posted Fri, 12/02/2010 - 18:01
OAO Bank Severnaya Kazna, the financially troubled Ural bank, has a new shareholder in Cypress-base Vallaur Limited. Vallaur has acquired a stake of just over 10% through a private transaction with former shareholder Dmitriy Vinogradov.
Posted Wed, 10/02/2010 - 17:17
Almaz Capital Partners has made an investment in Russian online game producer Alawar, making it the second Russian games sector deal in the last month after the Mangrove and ABRT funding of Drimmi. Through its Russia Fund I, Almaz has acquired 23% of Alawar at a cost of about USD 3 million; 15% was purchased from Finam Capital Partners and the remaining 8% from business angel investor Alexander Katalov. Finam's original investment in Alawar amounted to USD 1 million in 2007 while the company's valuation has increased 1200% since then.