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Sun Network Chief Joins Vyatta Board To Boost Cloud Business

Networking vendor Vyatta has recently added to its board of directors Sun Microsystems ex-Chief Networking Officer Geoffrey Baehr. The move is assumed to be part of their strategy to enhance their cloud business, which is one of their three offerings to clients – cloud, physical and virtual networking. Baehr was formerly with Sun Microsystems for [...]

EBRD To Own 15 Percent In Katren Russia Pharma Major

In a further move to strengthen its presence in the Russian pharmaceutical sector, the European Bank for Reconstruction and Development will take on a 15 percent (minority) stake in OJSC Katren Russia a privately held company operating pharmaceutical distribution and retail chains in Russia. The funds will be used to upgrade and expand Katren’s warehousing infrastructure [...]

BaltCap commits growth capital to laboratory supply provider Labochema

Labochema, a leading provider of laboratory supplies and related services in the Baltic region, has secured growth capital financing from Lithuania SME Fund.

EBRD To Provide €50 mln to Turkven PE Fund III

The European Bank for Reconstruction and Development is set to announce a EUR 50 mln fund to the Turkish fund Turkven PE Fund III for investment in mid-market companies in Turkey that will either involve buyouts or capital expansions. The hard-cap target for the fund is EUR 500 mln, and it seeks to invest in [...]

BaltCap Seeks To Invest €0.5 mln In Latvian M2M Company Vendon

The Baltic region’s leading PE fund, BaltCap, seeks to invest EUR 500.000 in Vendon, a Latvia-based draugiem.lv group company that provides telemetry-based monitoring solutions to international and local models of vending machines. The fund comprises moneys from the European Union Structural Funds as well as private investors. Vendon Vendon is a group company of Latvia-based [...]

Recent News

Iberia Could Take On Hungarian Birds Under Low-Cost Wing

The low-cost wing of Spanish airline Iberia, Vueling, has shown interest in acquiring Malev, the Hungarian national carrier. Malev is currently under distress and its ownership transfer is already under discussion with the National Development Ministry. The board of directors at Vueling are likely to make their decision regarding the purchase of the Hungarian airline [...]

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Viennese PE Fund Lead Equities invests in German MCL-Group

Viennese firm Lead Equities has just invested in a 60-percent stake in German IT company MCL-Group. The majority-stake acquisition was completed by means of a partial owner buyout. Management-held shareholders retain the remaining 40 percent after the deal. Lead Equities is making this investment from its EUR 66 mln second fund, and the investment will [...]

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Romanian tech start-up Summify is acquired by Twitter

Summify – a Romanian start up that uses social analytics data to create personalized news aggregation service for individual users, has been acquired by microblogging site Twitter. According to some analysts, this can be termed as talent acquisition by Twitter rather than a business purchase since Summify stopped accepting new users immediately after and will [...]

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IT service provider EPAM Systems launches IPO

EPAM Systems, a global software development company with delivery centres across the Central and Eastern Europe region, announced the launch of its initial public offering. The company plans to offer 7,400,000 shares of its common stock at a price range of between USD16 and USD18 per share. Existing shareholders will sell about 5,882,353 shares while [...]

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Iberia Could Take On Hungarian Birds Under Low-Cost Wing

The low-cost wing of Spanish airline Iberia, Vueling, has shown interest in acquiring Malev, the Hungarian national carrier. Malev is [...]

Viennese PE Fund Lead Equities invests in German MCL-Group

Viennese firm Lead Equities has just invested in a 60-percent stake in German IT company MCL-Group. The majority-stake acquisition was [...]

Romanian tech start-up Summify is acquired by Twitter

Summify – a Romanian start up that uses social analytics data to create personalized news aggregation service for individual users, [...]

IT service provider EPAM Systems launches IPO

EPAM Systems, a global software development company with delivery centres across the Central and Eastern Europe region, announced the launch [...]

Sun Network Chief Joins Vyatta Board To Boost Cloud Business

Networking vendor Vyatta has recently added to its board of directors Sun Microsystems ex-Chief Networking Officer Geoffrey Baehr. The move [...]

Bulgarian telecom operator Vivacom being eyed for takeover

Four suitors, Telekom Austria, Turkcell of Turkey, Corporate Commercial Bank of Bulgaria and Icelandic businessman Thor Bjorgolfsson, are rumoured to [...]