TexDrive, Russia’s most successful private accelerator in the high-tech domain, has launched its new VC fund, called Genezis Capital. Chairing the board will be one of the nation’s premier venture capitalists, Maxim Shekhovtsov. Shekhovtsov has over 60 deals to his credit, and was formerly the Head of Venture Funds in Russia for the German Allianz [...]

Hungary-based Primus Capital has added a new twist to its investment strategy. The company is putting up a HUF 400 mln fund to launch iCatapult, a business accelerator that will promote local companies on the global market. The fund will focus on getting Hungarian tech companies business exposure in the United States. Digital Natives will provide [...]

Point Nine Capital‘s investment team has just announced a new EUR 40 mln fund to invest in early-stage companies. Dubbed Point Nine Capital II, the fund will be managed by existing partners -  Christoph Janz and Pawel Chudzinski – while advisory roles will be taken by the other partners - Kolja Hebenstreit and Lukasz Gadowski. Point Nine itself is an [...]

The Russian investment landscape has witnessed some new interesting activities lately by major players in the international VC domain. TMT Investments, a VC fund backed by Russian business entrepreneurs and based in the UK, has planned a USD 10 mln incubator for up to 50 internet start-up companies in Russia. The Moscow-based fund will be [...]

One of the Alumni of the Czech Startup Yard, Proactify  , a company offering sales techniques as a service to online retailers, has attracted another round of seed funding, this time from oddly named funds Absurd Capital and Rockaway Enterprises. With its offering still under testing, the company is already collaborating with an online furniture store, presumably [...]

Swedish private equity fund, Oresa Ventures, has acquired a 60% stake in Trinity Corporate Services through an LBO. Oresa acquired the shares from a group of private investors who had provided start-up funding. Trinity Corporate Services (www.trinitycs.com) Trinity is a leading independent provider of management and accounting outsourcing services. The core business is supporting inward [...]

Private equity fund Mint Capital has invested an non-disclosed amount into UCMS Group. The capital from the direct equity investment will be used primarily for the expansion UCMS Group EMEA’s workforce management outsourcing services and on demand solutions for software throughout the Nordic, Russian, Central and Eastern European companies. UCMS Group (www.ucmsgroup.eu) UCMS provides business [...]

BaltCap sold its minority position in one of the leading Baltic office supplies companies UAB Daily Service to Aigas Holding SIA, a company related to Iceland-based office supplies group Penninn h.f. for an undisclosed amount. UAB Daily Service (www.dailyservice.lt) Founded in 1999, Daily Service operated as international franchise of Office 1. Since 2004, the Company [...]

CPL Resources PLC has acquired a 75 percent stake in Key 6 Business Solutions s.r.o. from Kilcullen Kapital Partners, giving the firm a controlling share of the staffing company. CPL Resources plans to merge Key 6 Business Solutions market into its own operating company. The cost and details of the transaction have not been released. [...]

Global Finance acquired a majority stake in ICAP. The company is the leader in Greece in the provision of business information services (including company financials, credit analysis and ratings), printed and on-line business directories and consulting services, with presence for over 40 years in Greece and a recently launched activity in Bulgaria. ICAP (www.icap.gr) ICAP [...]