Austria’s FACC AG and China’s Xi’an Aircraft Industry Company Ltd. (XAC) have reached an agreement that will transfer ownership of FACC to XAC by the end of the year. Once the deal is complete XAC will be the primary shareholder with 91.25%, while minority shareholders ACC Kooperationen und Beteiligungen GmbH and Stephan Ges.m.b.H. will retain [...]

In an ongoing effort to rebuild the once-dominant Russian aircraft industry, state-run United Aircraft Corporation (OAK) is poised to acquire Czech manufacturer Aircraft Industries. The Czech company, more widely known as LET Kunovice, was acquired last year by Russian metals producer Ural Mining and Metal Company (UGMK) which purchased 51% of the company’s shares. UGMK [...]

Amid numerous rumors of a pending merger between Russian automakers AutoVaz and Kamaz, state-owned company Russian Technologies has disclosed through its deputy head, plans to create a new holding company named Rosavtro that would consist of four holdings including AutoVaz and Kamaz. The other two holdings would be engine manufacturer Autodizel and an unnamed auto [...]

Nexus ALPHA, the initial fund of Croatian firm Nexus Private Equity, has announced the completion of its first investment; expansion capital provided to Promotehna d.o.o. The new capital will allow the automotive equipment and products distributor expand its business while also strengthening its market position. Nexus believes the current economic crisis will increase the demand [...]

St. Petersburg’s Pulkovo airport is in need of reconstruction and development, and the municipal government has awarded the competitive tender to a consortium consisting of VTB Capital, Fraport, and Greek investment group Copelouzos. The €1.4 billion deal is Russia’s first major Public Private Partnership (PPP). The consortium known as Northern Capital Gateway Ltd., won out [...]

European investment firm Equest Investments Balkans Limited (EIB) has announced an agreement to sell its 80% stake in Avto Union AD to Avto’s only other shareholder, Eurohold Bulgaria Inc. Due to the declining automotive industry throughout the region, EIB made the decision to include Avto Union, a Bulgarian automotive products wholesaler, as part of its [...]

Despite rumors to the contrary, Marfin Investment Group (MIG) has announced that it is not engaged in talks with ThyssenKrupp Marine Systems to acquire Hellenic Shipyards (HSY). MIG went so far as to state that they were not interested in Hellenic Shipyards or any other shipyards in Greece. The rumors of MIG’s potential interest began [...]

After many years seeking private investors to purchase struggling Olympic Airlines, the Greek government has struck a deal with the Marfin Investment Group. The Greek government bought the airline from Aristotle Onassis 30 years ago but now will let it go for € 177.2 million. Earlier bids from American charter operator Chrysler Aviation (€ 210 [...]

According to various sources the government’s advisers received today a binding offer of € 45.7 million by Marfin Investment Group to acquire assets related to Olympic’s flying operations and € 16.7 million for assets of its technical base. On February 5, 2009 Marfin Investment Group confirmed their interest in acquiring Olympic in a press release.

Land needed for the privatization and expansion of the Prague airport has been purchased by the airport’s operator, Letiste Praha. The process of purchasing the land from its owner, Penta, has been ongoing for several years. The sale, which has already been approved by the Czech government, was paid for out of airport funds. No [...]

Daimler AG, Kamaz, Russian Technologies and Troika Dialog have signed a strategic partnership that expands Daimler’s involvement in Russia’s truck market. According to the deal, Troika Dialog has sold a 10 percent stake in the share capital of Kamaz for USD 250 million. The company will also make a one-time payment of USD 50 million [...]

Marfin Investment Group Holdings announced that it had acquired approximately 49.99% of Flight Ambulance International for EUR 15 million. Flight Ambulance International, based in Nuremberg, Germany, is a world leader in medical air evacuation. Marfin executed the transaction through a purchase of equity and retained a 2-year option to increase its stake to 51% of [...]

Benson Oak Capital, a Czech-based investment house, announced it had acquired a 100% stake in BTV Plast. Benson Oak plans to restructure and recapitalize BTV Plast, which has suffered heavily from an unknown level of debt. BTV Plast will be merged with Plastov MR AS, a Liberec-based company, and Plastkov Automotive AS, a Hlinsko firm. [...]

CapMan Plc (Norum) acquired Region-Avia Airlines. CapMan acquired Norum on May 26, leading to a realignment of the management structure of the Norum Russian Fund. CapMan transitioned the fund into its own management and immediately proceeded to make new investments in Russian companies. Region-Avia Airline (www.regionavia.ru/eng/) The Region-Avia Airline was established in Moscow in 2005 [...]

The Republic of Tatarstan is set to sell its 37.8 percent stake in Kamaz-Capital to Troika Dialog Group’s subsidiary, Avtoinvest Ltd. Each share was purchased at USD 3.38 to 3.94 per share, giving the transaction an approximate value of USD 300 to 350 million. Avtoinvest Ltd previously held a controlling 51 percent stake in Kamaz-Capital. [...]

Global private equity firm The Carlyle Group announced that it has acquired a 50% stake in TVK Shipyard, a Turkish shipbuilder specializing in chemical tankers and other specialty vessels. This is Carlyle’s first investment in Turkey. TVK Shipyard (www.tvkshipyard.com.tr) Established by entrepreneurs Can Topsakal, Naim Kocer and Turgut Atagun, TVK Gemi Yapim was incorporated in [...]

Arca Capital acquired a majority stake in CheZaRa, a Ukrainian company. The private equity group teamed with its investment partners to obtain CheZaRa, the firm’s first foray into Ukrainian businesses. No financial information regarding the transaction will be released. CheZaRa (www.chezara.com) CheZaRa manufactures communication and security equipment for the space and civilian sector. It was [...]

Troika Capital Partners, representing Troika Dialog Investments Limited, has sold its shares of AvtoVAZ to Renault. As part of the agreement, Renault will invest USD 1 billion into AvtoVAZ in an effort to enable the company to expand it line of vehicles and leverage the company’s other chief investor Russian Technologies. Both Renault and Russian [...]

AIG Capital Partners has acquired 100% of Polskie Przedsiębiorstwo Ekologiczne Sp. z.o.o. (“PPE”), which owns 46% of the battery recycling company, Orzeł Biały. Orzeł Biały S.A. (www.orzel-bialy.com.pl) Orzeł Biały is a leading Polish car battery recycler headquartered in Bytom. It recycles and produces lead and lead alloys used primarily by producers of car batteries, including [...]

Krokus Private Equity has acquired through Nova Polonia Natexis II 19% of the shares of Odratrans S.A., the largest inland shipping company in Poland. The fund will increase its stake in the Company to 25% within three months from the first investment. Odratrans S.A. (www.odratrans.com.pl) Odratrans S.A. is the largest inland shipping company in Poland [...]