Verny Capital, which represents the owner of The Ritz-Carlton, Vienna, has made known its plans to open the luxury hotel brand for the first time in Austria. Two palaces dating from the 19th Century have been identified as the site for the hotel, which will be located on the famous Schubertring. The hotel will be [...]
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X5 Reaches Acquisition Deal With Kopeika
Nearly 5 months after requesting permission from Russia’s anti-monopoly authorities, X5 has reached a deal to acquire Kopeika at a cost of USD 1.65 billion in cash and debt. X5 is owned by Alfa Group. The two companies, rivals in Russia’s retail food sector, have been in talks since mid July. Previously Kopeika had been [...]
Troika Sells Almaty Subsidiary to Eurasian Bank
Just a few years after purchasing a Kazakh bank from VTB, Troika Dialog has sold the subsidiary to Kazakhstan’s Eurasian Bank. Eurasian Bank hopes the acquisition of Almaty-based Bank Troika Dialog OJSC will solidify its presence in the area. It will use the new resources as a launching pad to increase the list of products [...]
EBRD Joins Kazakh Sovereign Fund to Support Kazakh Business
Efforts to restructure Kazakh businesses harmed by the financial crisis got a significant boost earlier this month with a funding commitment by the the EBRD. The EBRD announced in early June that it had agreed to a joint effort with Kazakhstan’s Samruk-Kazyna sovereign wealth fund to pump some $121.5 million into the ADM Kazakhstan Capital [...]
Investment house York to Sell 76% of Psagot Ofek to Apax Partners
After revealing in mid-November plans to sell a majority stake in Israeli investment firm Psagot, York Capital announced it has inked a deal with Apax Partners to go ahead with the transaction. Apax will acquire a 76% stake in Psagot at a cost estimated to be near USD 822 million. Los Angeles-based Markstone Capital Group [...]
EBRD Considering New Kazakhstan Capital Restructuring Fund
A proposal to establish the Kazakhstan Capital Restructuring Fund has passed structure review and is now slated for final approval consideration with the EBRD Board in February of next year. The proposed fund would be established with an EBRD commitment of an amount between €45 to €60 million, with Kazyna Capital Management and other potential [...]
Kazyna Capital Management Teams Up With EBRD For New Fund
The European Bank for Reconstruction and Development is teaming up with Kazyna Capital Management (KCM) to launch a new Kazakhstani-focused fund. The new USD 300 million fund is aimed at providing capital to distressed companies which are experiencing difficulty in paying off a heavy debt load. While the fund will focus primarily on businesses in [...]
Vodnye Resursy Marketing Secures $8M from EBRD
The city of Shymkent in southern Kazakhstan will get some much needed improvements to its water and wastewater services thanks to the European Bank for Reconstruction and Development (EBRD). The EBRD has agreed to make an USD 8 million loan to Vodnye Resursy Marketing, a privately owned Kazakh water utility. With a population of nearly [...]
Kazakhstan Sells KTG-Tbilisi to Kala Capital
KazTransGas-Tbilisi, a local subsidiary of KazTransGas has been acquired by Georgian investment group Kala Capital. Though the details of the transaction have not been disclosed, KazTransGas paid USD 12.5 million for Tbilgas in 2006. The company decided to sell the subsidiary as part of an overall strategy of reducing its presence in Georgia following last [...]
USD 40 million Dedicated to Kazakhstan & Asia by CDC
Private equity firm CDC Group has dedicated USD 40 million to funds in south-east and central Asia. USD 30 million has been slated for the Kendall Court Mezzanine (Asia) Bristol Fund, while USD 10 million will go to Centras Private Equity Fund. Both funds will be targeting small and medium sized enterprises in their specific [...]
SigmaBleyzer Acquires Bottled Water Company Asem-Ai for USD 70 million
Multinational private equity firm SigmaBleyzer acquired a controlling share of bottled water company Asem-Ai. A reported USD 70 million was paid by SigmaBleyzer’s SBV-V Fund. The investment will open the way for Asem-Ai’s market expansion and building of new facilities through the capital increase. Founder Asem Ai Mukhtar Kochkarov will continue to manage the company [...]
Aureos acquires controlling stake in Kazakh leasing company
Aureos Central Asia Fund has invested USD 10 million in the Kazakh equipment leasing company Leasing Group JSC, taking a controlling stake in the company. Aureos Central Asia Fund (ACAsF) is an initiative of Aureos Capital, a leading private equity fund management company specializing in investing in small to mid-cap businesses in emerging markets. This [...]
VimpelCom, a Alfa Group investment, increases share in LLP KaR-Tel
Vimpel Communications (NYSE: VIP) acquired an additional 25% less one share of Limnotex Developments Ltd. for USD 561.8 million. Limnotex is the parent company of LLP KaR-Tel, VimpelCom’s operating subsidiary in Kazakhstan. As of January 10, 2008, Russian Alfa Group Consortium owns 44.0% of Vimpel Communications. LLP KaR-Tel / Limnotex Developments Ltd. The increase in [...]
Alnair Capital increases shareholding in Kazkommertsbank
United Arab Emirates’ Alnair Capital holding has entered into binding agreements to acquire a further 17.12% in Kazkommertsbank in addition to its current 8.03% shareholding. Kazkommertsbank (www.kkb.kz) Kazkommertsbank is one of the largest private banks in CIS region with total assets of USD 24.9 billion according to the audited financial statement as of January 1, [...]
EBRD invests into Kazakhstan Growth Fund up to € 118.5 million
The European Bank for Reconstruction and Development will invest in Kazakhstan Growth Fund, a newly established private equity fund that will invest minority and majority stakes in private companies in Kazakhstan, Russia or other countries of Central Asia. The EBRD’s stake in the proposed fund will be a maximum of 50% minus one share. Kazyna [...]
