Romania
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 Wed, 25/11/2009 - 18:12
Global private equity firm Lime Rock Partners has reached an agreement with Expert Petroleum, a Romanian oil and gas company which is part of Jordan's NT&S Energy group, to invest USD 25 million in Expert's operations.
Posted Tue, 24/11/2009 - 12:01
Profi Rom Food Group, a leading Romanian grocery chain, is preparing for new ownership following a takeover announcement by Enterprise Investors (EI). Enterprise has reached a formal agreement to acquire 100% of Profi Rom from Duna Waiting Participation, for a price of €66 million. The acquisition will be made through EI's Polish Enterprise Fund VI and will give the private investment company full ownership of not only Profi Rom, but Albinuta Shops and DT Logistic as well.
Posted Fri, 20/11/2009 - 12:17
Citing the growing Internet market in Romania, 3TS Capital Partners has announced an investment in Romanian online publisher InternetCorp. The deal, which gives 3TS a minority stake for an undisclosed amount, is to be transacted via the 3TS Cisco Growth Fund, a 3TS fund dedicated to communications, media, and technology opportunities.
Posted Mon, 26/10/2009 - 23:14
Czech power giant CEZ has completed months of negotiations with Romania's Electrica SA by reaching an agreement to acquire full ownership of CEZ Distributie and CEZ Vanzare. The two Romanian energy providers have been part of CEZ group since a 2005 privatization deal in which the group acquired 51% of each company. CEZ paid more than €145 million for the 19% owned by Electrica SA, and combined with a 30% stake previously acquired from Fondul Proprietata, now owns both companies 100%.
Posted Sun, 18/10/2009 - 20:25
Anheuser-Busch InBev (ABI) continues to make good on its divestiture plans by announcing it has signed an agreement to sell its Central European operations to CVC Capital Partners. CVC will purchase the assets for roughly $2.2 billion with a commitment to make a future $800 million payment if it recovers the initial investment.
Posted Thu, 27/08/2009 - 21:21
With the current high demand for efficient energy in Romania, European private equity firm GED has made a substantial investment in Romania's Total Eurobusiness (TEB). GED total investment in TEB is roughly €12 million. The investment gives GED a 60% stake in Romania's top energy cogeneration company.
Posted Fri, 17/07/2009 - 15:19
U.S. based Advent International is poised to complete a takeover of Central and Eastern European drug maker Ozone. The companies are now in the final talks that would give Advent, also the owner of LaborMed, full ownership of Ozone's product lines. The buyout offer had been accepted by Ozone earlier this month, giving control of the company's portfolio to LaborMed.
Posted Wed, 10/06/2009 - 14:31
The majority shareholder of Romanian insurance firm ARDF is poised to delist it from the RASDAQ market after acquiring what remains of the company's shares. Generali PPF plans a public offer for mandatory takeover of ARDF, at a cost of up to RON 21.58 million. The outstanding shares amount to 18% of the total, or 196,206,286 shares.
Posted Fri, 05/06/2009 - 15:09
The European Bank for Reconstruction and Development (EBRD) is considering an investment in a new private equity fund designed for the Balkans. Although still in the concept stage, the new fund's size could be as much as EUR 200 million with the EBRD's investment upwards of EUR 40 million. The proposed name of the fund is Emerging Europe Accession Fund and will be managed by Axxess Capital 3 N.V.
Posted Thu, 14/05/2009 - 11:27
Beer producer Heineken Romania has reached a formal agreement with Romanian businessman Ioan Bălan for the sale of its mineral water division. The water division was acquired with the acquisition of Bere Mures last year but isn't a good fit with Heineken's core business strategy of beer production. Mr. Bălan, former owner and manager of Romanian dairy producer Covalact, first became involved in the investment business after selling Covalact to Sigma Bleyzer in 2007 for EUR 7 million.
Posted Mon, 04/05/2009 - 00:00
Independent media in Eastern Europe is taking a step forward as the EBRD announced it is investing in the eastern European operations of the WAZ Media Group. EBRD's equity investment for a stake in the WAZ operations could be as much as €40 million. The WAZ Group's work in developing high quality, professional, and politically and economically independent media in Eastern Europe fits into the ERBD's mandate to encourage sustainable economical development in the region.
Posted Mon, 06/04/2009 - 21:55
Petrom, the Romanian oil and gas producer, has secured a loan from the EBRD for up to €300 million. Half of the capital will come in from of a direct EBRD loan, while the renaming amount will be provided through a group of commercial banks. Petrom will use the loan to fund a series of projects aimed decreasing pollution, updating infrastructure, and establishing new environmental and safety standards.
Posted Tue, 31/03/2009 - 00:00
Small and medium-sized businesses in Romania will benefit from increased investment in their country by the EBRD. A € 100 million line of credit has been made available to Banca Comerciala Romana (BCR) form the ERBD, for the specific purpose of making financing available to Romanian SMEs.
Posted Wed, 04/02/2009 - 01:00
Top private equity fund manager, GED Capital, is in the process of acquiring lab equipment distributor, Diametrix. The deal is estimated to worth EUR 15 million, with GED attaining a 78.93 percent majority stake in the company.
Posted Thu, 18/12/2008 - 01:00
Balkan Accession Fund (BAF), a private equity fund, has acquired a 99.8 percent stake in Frigotehnica. The transaction has been structured as a leverage buy-out for EUR 25 million and consists of the share purchase as well as a direct investment into the company. Alpha Bank secured the related debt as Frigotehnica's custom lender. The deal gives BAF the controlling share of the refrigeration equipment installation firm.
Posted Thu, 20/11/2008 - 01:00
Taiga Mistral invests in renewable energy with new fund Spanish Equity Fund Taiga Mistral plans to invest in a second fund, which focuses on the renewable energy sector in Eastern Europe.
Posted Fri, 29/08/2008 - 00:00
American based power developer Continental Wind Partners LLC, a renewable energy partnership backed by private equity fund Good Energies Investments, has reached a deal to sell the Fantanele and Cogealac wind farms in Romania to CEZ Group. With construction of the turbines set to begin, the total investment from CEZ group in what should be the largest onshore wind farm in Europe is expected to be nearly € 1.1 billion. Continental will manage the construction of the turbines using several international construction firms for the project.
Posted Tue, 29/07/2008 - 00:00
Polish investment fund Enterprise Investors, which owns construction materials producer Macon Deva, recently bought Simcor Oradea in a transaction worth € 53 million.
Posted Fri, 25/07/2008 - 00:00
Piraeus Bank has announced a deal with Capital Partners giving them a 51% ownership share in the Romanian company. The acquisition, costing Piraeus Bank a total of Euro 32,000,000, also includes the future option to purchase the remaining shares. Once the deal is approved by regulatory authorities, Capital Partners will continue to be operated by its current management team.
