Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

International Finance Corporation

CRG Capital Joins with IFC and EBRD for New CEE Fund

Vienna-based CRG Capital is joining forces with the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) to establish a new CEE fund to invest in distressed assets. The CEE Special Situations Fund has a target size of €200 million with the three initial investors providing a combined €36 million.

International Investors Lend Support to TBC Bank

Georgia's second largest bank, TBC Bank, is receiving financial assistance from a variety of international investors to help weather the global economic slowdown.

Horizon Capital closes oversubscribed EEG Fund II at USD 390 million

Horizon Capital closed its newest fund, Emerging Europe Growth Fund II (EEGF II) with a total capital commitment of USD 390 million. Horizon Capital initially targeted a fund size of USD 300 million, but EEGF was oversubscribed within nine months.

Horizon Capital invests USD 15 million into Evrotek Group

Horizon Capital, signed an equity investment agreement alongside International Finance Corporation to invest USD 15 million in equity in Evrotek Group Plc, the holding company for a recently formed Ukrainian food retail chain operating und the trade name Fresh.