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.

Georgia

EBRD To Provide Additional Investment to VTB Georgia

Posted Tue, 08/12/2009 - 21:30

Pending project approval, VTB Georgia is poised to receive a USD 7.3 million equity investment from the EBRD. The investment is aimed at helping VTB Georgia remain compliant with government regulation while also realizing growth through continued lending within the Georgian economy. VTB Georgia has already received the necessary technical assistance and training needed to help it remain stable and competitive. Funds for that assistance were provided through donations from the EU, France, Japan, the U.K., and USAID.

International Investors Lend Support to TBC Bank

Posted Thu, 16/04/2009 - 00:00

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

EBRD Loans USD 12 million to Georgian Food Retailer Populi

Posted Wed, 14/01/2009 - 01:00

The European Bank for Reconstruction and Development (EBRD) has provided Georgian food retailer Populi with a USD 12 million loan. The loan will help Populi expand its network of retail stores as well as improve its ability to process fresh products. EBRD's loan will also be used to renovate the company's warehouse activities and centralize its processing plant's operations.

EBRD acquires 15% in Georgia's Basis Bank

Posted Tue, 20/05/2008 - 00:00

The EBRD is acquiring a 15% stake in Basis Bank, a privately-owned Georgian bank through subscription to new shares.

Georgian Investment Fund Launched by Kala Capital

Posted Mon, 19/05/2008 - 00:00

Kala Capital, a Georgian private equity firm, announced the launch of the Georgian Investment Fund. The launching of the fund was presented by the Captain of the Georgian national football team and AC Milan player, Kakha Kaladze, as well as former Prime Minister of Georgia, Zurab Nogaideli, both founders of Kala Capital.

Salford Capital Sells Standard to Abu Dhabi Group

Posted Wed, 12/03/2008 - 01:00

Standard Bank, the troubled Georgian institution owned by Salford Capital, has been sold to Abu Dhabi Group for an undisclosed sum. The sale follows the sudden death of billionaire Badri Patarkatsishvili at his London estate.

Kala Capital acquires Sakhydroenergomsheni

Posted Mon, 21/01/2008 - 01:00

Kala Capital acquired JSC Sakhydroenergomsheni.