Investment
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 - 22:12
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 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 - 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 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.
Posted Mon, 08/02/2010 - 18:21
Luxembourg's Mangrove Capital and Russia's ABRT Fund have recently made an investment in Drimmi, a Russian social gaming company. The investment is estimated at several million dollars in exchange for a 20% stake. Drimmi apparently intends to use the new funding for the development and launch of its inaugural products.
Posted Wed, 03/02/2010 - 12:38
KupiVIP.ru, the Russian online shopping club led by CEO Oskar Hartmann, recently concluded a third round of new funding to the tune of USD 20 million. U.S.-based Accel Partners led the round and was joined by previous investors Arlan, Direct Group, Mangrove Capital Partners, and Oliver Jung. KupiVIP.ru has managed to raise a total of USD 31 million after its first to rounds brought in USD 3 million and USD 8 million, respectively. The new funding will be used to improve logistics and operational infrastructure.
Posted Mon, 01/02/2010 - 12:11
Aurora Russia has announced an agreement to increase its stake in OSG Records Management Group through conversion of a USD 1 million loan issued in March, 2009. In executing the option to convert the loan to ordinary OSG shares, Aurora will acquire existing shares from OSG as well as new shares to be issued. The total value of the transaction is £12.4 million; £8 million for existing shares, £3.2 million for new shares, and £1.2 million payable in cash to OSG.
Posted Thu, 28/01/2010 - 19:49
Air Maintenance Estonia (AME) has been sold by owner Scandinavian Airlines (SAS) to BaltCap for an undisclosed sum. SAS acquired the Estonian company in 2003 but has since decided to shed its maintenance operations in favour of concentrating on core business activities.
Posted Tue, 26/01/2010 - 14:01
In keeping with its vision for a consolidated tourism industry in Central Europe, Warsaw-based Enterprise Investors has inked a deal to acquire Poland's Orbis Travel. Once the acquisition is complete, Enterprise will own just over 95% of Orbis and plans to continue operating under the well-known and trusted Orbis brand name.
Posted Tue, 26/01/2010 - 00:27
In an unusual three-way deal Charles Ryan, head of UFG Private Equity, has teamed up with Rising Star Media's Paul Heth and National Amusements' Shari Redstone to purchase Rising Star from National Amusements. Heth and Redstone, the daughter of American media mogul Sumner Redstone, founded Rising Star Media in 2002 to take advantage of the burgeoning Russian theatre market. Heth will serve as the Rising Star's CEO, Redstone will take the role of chairman, and Ryan will represent UFG in the venture. The three partners are committed to further expansion of Rising Star's Kinostar chain throughout Russia.
