Posted Wed, 01/09/2010 - 23:33
Russia's Digital Sky Technologies (DST) has taken complete ownership of Odnoklassniki.ru, acquiring the remaining 20% in the social networking site it did not already own. The stake was acquired from Albert Popkov, the site's founder.
Posted Wed, 01/09/2010 - 23:27
bmp Media Investors AG & Co. has announced the successful exit from portfolio company Nugg.ad after four years with them. The Company was sold to Deutsche Post AG subsidiary, Deutsche Post Beteiligungen Holding GmbH. Though Nugg.ad will continue to operate independently, Deutsche Post will own 100% of the company when the transaction is completed. In addition to bmp Media's 2006 investment, Nugg.ad was backed by Media Ventures in 2007 and the European Founders Fund in 2008.
Posted Tue, 31/08/2010 - 23:57
After ordering the sale of fuel retailer Corbenz last year, Croatia's anti-trust agency has approved Russia's Lukoil as the purchaser. AZTN originally ordered the sale after Corbenz' largest shareholder increased its stake to 47%, making their total interest in Croatia too large in combination with similar holdings.
Posted Tue, 31/08/2010 - 23:22
AVAST Software has a new minority shareholder in Summit Partners, after the Boston-based private equity investor pumped USD $100 million into the company. The growth of AVAST has been spurred by the exponential increase of computer security risks over the last decade. Summit Partners believes AVAST is in a unique position to continue growing in the security software marketplace.
Posted Tue, 31/08/2010 - 23:15
Counting on the expectations of a bright future for financial products comparison web sites, Poland's Helix Ventures Partners (HVP) has invested in eBroker.pl. The deal opens new opportunities for eBroker.pl to attract more customers, provide better information, and more accurately match users to financial institutions. It will also aid in the site's future development plans.
Posted Tue, 31/08/2010 - 23:07
Just a few years after purchasing a Kazakh bank from VTB, Troika Dialog has sold the subsidiary to Kazakhstan’s Eurasian Bank. Eurasian Bank hopes the acquisition of Almaty-based Bank Troika Dialog OJSC will solidify its presence in the area. It will use the new resources as a launching pad to increase the list of products and services it offers throughout Russia.
Posted Tue, 31/08/2010 - 22:53
A recent notice received by Unternehmens Invest AG (UIAG), pursuant to Austrian law, indicates that swisspartners Versicherung AG has reduced its holding in the Austrian private equity company. The notice references two transactions which caused the 5% threshold for voting rights to be exceeded. The first transaction, dated in February of last year, shows swisspartners owning 322,077 shares, or 8.05%. The second transaction shows a reduction in swisspartners shares to 5.802% as of June 2010.
Posted Sun, 29/08/2010 - 23:17
Turkey's Memorial Healthcare Group (MHG) as agreed to sell 40% of the company's shares to Qatar First Investment Bank (QFIB) and London's Argus Capital. CEO Turgut Aydin will maintain sole ownership of the remaining 60%.
Posted Thu, 26/08/2010 - 11:12
Arx Equity Partners has invested in a Czech construction materials company by backing a management buy-out. The deal for a majority stake in Krkonošské vápenky Kunčice (KVK) includes subsidiary Parabit.
Posted Thu, 26/08/2010 - 11:07
Group purchasing giant Groupon has stuck its foot in the Russian door by acquiring Darberry.ru, a web
Posted Wed, 25/08/2010 - 12:42
CapMan Plc has announced a partial exit from its Lumene investment of 2003. The firm has joined co-investor Langholm Capital in selling its interest in Farmos Holding Oy to KilltoClean Oy, which plans to merge the two under the Kiilto name. Farmos was spun off from Lumene in 2008, and various CapMan funds combined to own 60% of the company.
Posted Tue, 24/08/2010 - 11:58
Just over a month after Rhiag Group agreed to a takeover of Czech car parts dealer Auto Kelly, anti-monopoly officials have given approval for the deal. Rhiag already owns Prague-based Elit Group, one of the largest auto parts suppliers in the region, so the addition of Auto Kelly stands to make Rhiag the dominant player in the CEE region.
Posted Tue, 24/08/2010 - 11:33
Arca Capital Bohemia has fully existed Czech food company Natura, a.s., through the sale of a 100% stake to BZ Energo. Europasta SE, BZ Energo's parent company, is a Czech leader in pasta and flour products.
Posted Tue, 24/08/2010 - 11:20
Getting in on a recent trend in private equity buy-outs, Riverside Company is exiting Teufel Speakers through a secondary sale to HgCapital. Riverside first acquired Teufel in 2006, subsequently tripling the number of employees while doubling revenue and earnings.
Posted Thu, 19/08/2010 - 16:08
Austrian-based EGGER Holzwerkstoffe GmbH has agreed to acquire a 71% stake in Turkey's Roma Plastik for an undisclosed amount. The shares were sold by Advent International and Turkven Private Equity, who had controlled the company since 2006.
Posted Thu, 19/08/2010 - 11:14
Natron-Hayat, a paper mill located in Bosnia-Herzegovina, stands ready to receive an €11 million EBRD loan package pending Board approval. The project passed final review in late July and will be taken up by the Board in early September.
Posted Thu, 19/08/2010 - 09:47
Datagroup, the Ukrainian telecom servicing mainly corporate clients, has agreed to sell 25% of its total shares to Horizon Capital for USD 40 million. The new funds are slated by the company to be used in expanding beyond the corporate market. Datagroup will step up efforts to move into the retail sector by acquiring regional fixed network telecoms. The company has previously engaged in the strategy but was forced to slow down due to the economic crisis. Datagroup will work with Horizon Capital to raise up to USD $100 million more over the next several years.
Posted Thu, 19/08/2010 - 09:20
Rupert Murdoch's News Corporation released its financial report for the 2009/2010 fiscal year late last week, containing statements which imply the possibility that the company may try to sell subsidiaries Fox Mobile and News Outdoor. The report has given rise to speculation that VTB Capital and Alfa Group may be interested in a News Outdoor acquisition.
Posted Wed, 18/08/2010 - 10:47
The EBRD's Board has given final approval for a loan of up to €150 million for automotive manufacturer Ford Otomotiv Sanayi A.S (Ford Otosan). The loan will finance the vendor tooling needs of Ford Otosan's capex program.
Posted Sun, 15/08/2010 - 23:02
The value of U.S.-based LikedIn Corp. got a good boost in July after a USD 20 million investment by Tiger Global Management, LLC. The Tiger investment represents a 1% stake, acquired through the purchase of shares from existing shareholders at USD 21.50 per share. With 105 million shares still outstanding, the USD 21.50 price values the company at more than USD 2 billion.
