Animal pharma company Huvepharma will have a new investor shortly, asCiti Venture Capital International (CVCI) recently announced an agreement to purchase up to 38% of the company for an undisclosed sum. CVCI has been tracking Huvepharma for several years and is convinced that the company’s substantial pipeline of new products means a high potential for strong, [...]

Eurohold Bulgaria is getting back to its core businesses of auto sales, leasing, and insurance, by selling its entire production portfolio. Eurohold will also divest itself of several real estate projects and a hotel. Company officials indicated that the various buyers are a combination of Bulgarian companies and executives of the targeted assets. If the [...]

A handful of investors in Slovenian food supplier, Mercator, are looking to sell their shares in the company to Mid Europa Partners. Slovenian bank, Nova Ljubljanska Banka, is reportedly talking with Mid Europa about a deal to sell their 10.75% stake. Arkas, the Ljubljana-based financial adviser managing the sale, has indicated that four other banks [...]

Mid Europa Partners, the independent CEE private equity firm formed by EMP Europe, is ramping up its expansion efforts in the Bulgarian television market. Having acquired Interaktivni Tehnologii AD (ITV) late last year for an undisclosed sum, Mid Europa has committed to investing €45 million in Bulgaria, which includes the amount payed for ITV. The company [...]

“3DC” – a joint stock company providing state-of-the-art carrier-neutral data center services and registered in Sofia, Bulgaria, received BGN 5 million funding from New European Venture Equity (NEVEQ). Established in 2009, “3DC” PLC is owned by the company’s management and venture capital firm NEVEQ. Launched in 2006, NEVEQ is focused on IT, media and telecommunications [...]

Last September, American buyout firm Advent International purchased a 79% stake in Devin AD from Austria’s Soravia Group, with plans to acquire the remaining shares in a takeover bid. Now Advent is poised to delist the Bulgarian water bottler from the Bulgaria Stock Exchange after it completes the acquisition of 95% of company shares. The Bulgarian government has [...]

EuroLease Auto Bulgaria is poised to receive a €10 million senior loan after the EBRD Board issued final approval as part of its ongoing support of small and medium-sized leasing businesses. The deal only awaits final signatures before becoming part of a total financing package for EuroLease which includes at least one Bulgarian commercial bank. [...]

In a deal reached late last week, Armenian businessmen Gagik and Djavair Tsarukyan have agreed to purchase the Gorna Banya Bottling Company for €25 million. The Bulgarian water bottler is under a mountain of debt including €4 million in short-term loans and €12 million in long-term bank loans. Up to 80% of the money raised [...]

Two of Bulgaria’s top cable and internet providers will merge to form the largest company of its kind in the country, thanks to deal that has EQT acquiring both entities. EQT has secured 100% ownership of Eurocomand 70% of CableTel for a combined total of €200 million. The remaining 30% of CableTel is owned by Ron Finley [...]

Eurohold Bulgaria recently sold the Avto Union Centre in the capital city of Sofia to satisfy debt owed to Piraeus Bank, and with that deal done the Bulgarian holding company is not sitting back counting the profits. Instead, they are pursuing at least two automotive industry opportunities in Romania and Macedonia. Both opportunities were discussed [...]

Mid Europa Partners, the CEE private equity firm, recently announced the completion of their acquisition of ITV Partner, a Bulgarian satellite pay TV provider. The deal adds to Mid Europa’s already established cable TV and direct-to-home (DTH) holdings in South East Europe, a sector the company includes as part of its investment strategy. Other similar [...]

After purchasing the remaining 80% of Avto Union Centre to become the sole owner just a few months ago, Eurohold Bulgaria has sold the building complex to Bluehouse Capital for € 27.3 million. Avto Union Center is located in the Bulgarian capital of Sofia and houses an office complex with the same name. Claiming a profit of [...]

The EBRD has announced plans to provide a substantial financing package to one of Bulgaria’s top dairy producers. Fama, the third largest supplier of milk products in Bulgaria, will use the €5.5 million mezzanine loan to increase its market share through the construction of three new facilities in its strongest markets and the development of more long-life [...]

After several months of searching, Austrian investor Soravia Group has reached a deal to sell it’s stake in Devin AD to private equity firm Advent International, who will purchase a 75% stake in the Bulgarian beverage company through a share purchase. A takeover bid will follow to acquire all the remaining shares except the 6.75% Devin management will [...]

Equest Investments Balkans, Ltd. (EIB) and Uniqa International Beteiligungs-Verwaltungs GmbH (Uniqa International) have reached an agreement giving Uniqa International the remaining EIB shares of Uniqa Bulgaria. The deal, worth € 7.9 million, completes a working agreement the companies had put in place allowing Uniqa International to acquire Uniqa Bulgaria over the course of several years. [...]

Swedish investor EQT Funds Management is in the process of acquiring Bulgarian cable TV and internet provider Eurocom Cable Management, after government regulators gave their approval to the transaction. Should the deal be completed, acquisition will be made via EQT’s managed fund, EGT V Ltd., which earlier acquired CableTEL. Hoping to allay fears of stifling [...]

After confirming in May that Bulgarian bottled water producer Devin was on the sale block, the Soravia Group has now entered exclusive talks with Global private equity firm Advent International. The talks, which began on July 13th, are aimed at creating a deal to give Advent an 82% stake in Devin including Soravia’s 75.3%. At least [...]

The potential sale of Anheuser-Busch InBev’s Central and Eastern European brewing assets is heating up after five private equity firms expressed interest in looking at a possible deal. Although none of the private equity firms has made comments publicly, the group of five includes Cinven, CVC Capital Partners, KKR Private Equity, TPG Capital, and Warburg [...]

Speculation has risen that FiberNet Communications, a Central and Eastern European cable television operator may be for sale. Possible purchasers could include other private equity firms or cable operators. Since FiberNet has begun receiving unsolicited inquiries, they have retained the services of Morgan Stanley to look at any informal offers that may be made. Details [...]

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. GED Private Equity (www.gedprivateequity.com) / GED Capital [...]