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.

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New Seed Fund Announced By Russian Venture Company

Posted Tue, 23/06/2009 - 14:21

A new seed fund designed to aid Russian start-ups is on the horizon as Russian Venture Company (RVK) refocuses its investments to better support Russian technology companies. RVK publicly announced, through the firm's General Director, the establishment of a new seed fund valued at RUB 2 billion.

Digital Sky Technology Raises Possibilty of Future IPO

Posted Fri, 12/06/2009 - 10:38

Yuri Milner, founding partner and CEO of Digital Sky Technologies (DST), has recently put forth the possibility of his company offering an IPO within the next three years. Specific dates have not been mentioned since market conditions will play a big role in the decision when the time comes. The company was recently valued at roughly $1 billion when Russia's Alisher Usmanov purchased a 2% share of DST from Renaissance Partners.

Russia to Get WiMAX Boost from Icon PE Investment

Posted Tue, 09/06/2009 - 20:14

Icon Private Equity, a Russian based investment firm, is preparing to invest in bringing internet access to some of Russia's most remote areas. The plan to build and develop WiMax networks covers 11 regions including Leningrad and Moscow, and is expected to cost Icon around USD 200 million. The network is set to begin commercial operations by the 3rd quarter of 2009, with a customer base made up mostly of individual subscribers and small to medium-sized businesses.

GED Planning € 70M for Bulgaria and Romania

Posted Wed, 03/06/2009 - 00:00 by Invest-IQ Team

European private equity investor GED Capital Development has announced plans to invest up to EUR 70 million in Romania and Bulgaria during the next two years. The announcement marks the second such project, following the successful EUR 150 million investments from the GED Eastern Fund II in 2006.

Alisher Usmanov Acquires DST Shares From Renaissance Partners

Posted Fri, 29/05/2009 - 10:05

Russian billionaire Alisher Usmanov has increased his stake in Digital Sky Technologies (DST), through a purchase of half of Renaissance Partners' 4% stake. Renaissance Partners, part of the international investment firm Renaissance Group, has been a shareholder in DST since 2007. Details of the purchase have not been released. The purchase increases Usmanov's stake from 30% to 32%.

JP Morgan Lands Administrative Deal From Marshall Capital

Posted Fri, 03/04/2009 - 13:26

Russian private equity firm Marshall Capital Partners has tapped J.P. Morgan Worldwide Securities Services to provide them with equity fund administration. J.P. Morgan's Private Equity Fund Services already provides administration services worldwide for more than 200 funds with USD 200 billion in assets, but the Marshall Capital agreement is the company's first deal of this nature in Russia.

Wood & Co. Buys Out Straumur Burdaras

Posted Wed, 18/03/2009 - 01:00 by Invest-IQ Team

Wood & Company Financial Services has regained the nearly 50% stake in its company previously held by Icelandic Investment bank Straumur Burdaras. As one of the leading investment banks in Eastern and Central Europe, Wood & Co. is owned by its management. On the strength of these partners, Wood $ Co. was able to buy out Straumur Burdaras which was taken over by Iceland's financial regulator due to lack of liquidity.

Four Year Special-Ops Fund Established by East Capital

Posted Tue, 17/03/2009 - 00:16 by Invest-IQ Team

The launch of a new USD 100 million fund aimed at investments in Russia and Eastern Europe has been announced by East Capital.

GIMV and KBC Establish Eagle Capital Partners for Russian Investments

Posted Fri, 15/02/2008 - 01:00

In an effort to capitalize on the Russian market, GIMV and KBC Private Equity has established a joint enterprise, Eagle Capital Partners. Each venture capital firm will invest USD 12.7 million each year for the next three years. Eagle Capital Partners will focus on mid-sized companies working in a variety of sectors of the Russian economy.