Investment
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 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 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 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 - 11:20
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 - 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 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.
Posted Fri, 13/08/2010 - 12:47
Britain's Plastic Logic is raising eyebrows in the U.K. business community after it was revealed the company was engaged in advanced-stage talks with Russia's sate-owned Rusnano. The talks are believed to be aimed at a cash infusion which would give Rusnano a controlling stake in Plastic Logic.
Posted Fri, 13/08/2010 - 12:38
In a bold move described as a "clear signal" of the EBRD's commitment to it's partners, the bank has approved a €10 million loan to the Ukrainian subsidiary of Polish flooring manufacturer Barlinek, SA.
Posted Thu, 12/08/2010 - 23:26
The EBRD is considering an €80 million financing package for Romanian agricultural processor Expur S.A. The project passed concept review and now awaits further Board action.
Posted Thu, 12/08/2010 - 23:21
Russia's Sistema has announced a deal to acquire M2M Telematics, a Russian fleet management technology firm. The deal gives Sistema a 51% stake at a price of USD 20 million.
Posted Thu, 12/08/2010 - 23:09
Germany's eVenture Capital Partners has teamed up with Russia's Direct Group to invest in the fledgling Sapatu.ru, an online shoe retailer just getting under way. The investment, which is believed to be in the neighbourhood of USD 1 million, is part of the partner's goal to build Russia's number one online shoe store in the midst of a market estimated to be worth USD $15 billion annually.
Posted Thu, 12/08/2010 - 23:04
The EBRD and Romania's Alro have reached a deal to provide funding that will restructure Alro's debt and increase cash flow. The USD 180 million deal is structured under the EBRD's A/B loan program, meaning the bank will syndicate USD 105 million of the loan among commercial banks while holding the other USD 75 million itself.
Posted Fri, 30/07/2010 - 23:36
With Russian online travel sales expected to increase to as much as 30% of the total travel sales market, online travel sites stand to benefit greatly in coming years. The good outlook may be one of the things that has motivated New York-based Tiger Global Management to invest in Russia's Anydayanyway.com. Tiger global has acquired a 40% share of the company for nearly USD 10 million, adding it to a Russian portfolio which also includes the Yandex search portal.
Posted Fri, 30/07/2010 - 22:59
After receiving approval from Poland's Office of Competition and Consumer Protection this past May, Penta investments has announced the completion of a deal to acquire 100% of Iglokrak Group, a producer of frozen foods and ice cream. Penta's goal since the process began earlier this year has been to consolidate what it sees as a fractured frozen foods market.
