Litcapital has agreed to invest up to LTL 10 mln (USD 3.78 mln) into Baltic Bicycle Trade UAB. The company is owned by the German cult bicycle manufacturer Pantherwerke AG, as yet carrying out exclusively wholesale and retail trade activities. To meet the increasing demand for electric bicycles in Western Europe Pantherwerke decided to move its manufacturing unit from [...]

Celebi Aviation Holding has sold a majority stake to Zeus Aviation Services Investments, the subsidiary of Actera Group in The Netherlands. Actera agreed to pay for the shares USD 142m in mixed, Turkish and US currencies. Celebi Group founders  - with their 22.63% stake –  remain entitled to exercise their voting rights, equal to Actera’s and kept their administrative control as [...]

Gruzobzor, a Russian startup which provides online booking and transaction management for the shipping industry, has garnered USD 1 mln in funding from Runa Capital and other investors, including the founders themselves. The funds will go towards developing the service offering and the market. Gruzobzor (gruzobzor.ru) Gruzobzor founded in 2011, provides a platform for truck owners [...]

Pluribus Optimum, a Swiss PE firm, has earmarked EUR 100 mln for investments in Russia and surrounding countries over the next three years. The funds will target e-commerce platforms to improve certain operational aspects such as order processing, document handling, billing and payment acceptance. They will also be targeting the third-party logistics market, popularly known [...]

VC firm Elbrus Capital has bought out Svarog Capital Advisors‘ stake in Russian express delivery company SPSR-Express. Svarog’s investment vehicle in the holding was the Russian Retail Growth Fund, which has exited partially from the delivery company as a stakeholder. Elbrus managing partner Dmitri Krukov led the transaction for the buyer, while Svarog was represented [...]

Turkish PE fund managers Mediterra Capital Partners have invested in the telematics industry through an equity purchase in Mobiliz. Mobiliz and its wholly owned subsidiary FiloTürk provide vehicular and driver tracking services in Turkey. The monitoring service involves being able to track daily operations for logistics companies. Mediterra CP I provided the equity investment; the fund [...]

Equity fund Abris Capital has confirmed its acquisition of Cargus, a domestic Romanian courier services company, from DHL. Cargus was the first such private entity in Romania. The transaction is slated to go through by the end of the year pending sanction from the Romanian Competition Council. Abris will take over the complete domestic operations [...]

Pending Lithuania Competition Council clearance, PE fund LitCapital I will invest in Nordnet Group, a logistics company that deals with chilled and frozen foods and beverages. The group comprises UAB Nordnet, which handles storage and distribution to retail chains and wholesale operators, and UAB Tehoreal, which manages their warehouse real estate properties. The funding from [...]

Private investor group SATUS Ventures has made a PLN 2 mln investment in Taxi5, a start-up that provides taxi booking services within Poland. With over 360 mln taxis ordered last year, the market potential for expansion is considerable. The investment will be made in exchange for 49 per cent of the shares in the company, which [...]

Stockholm-based Eastern Europe-centric East Capital has just taken advantage of the Baltic boom in real estate to set up a second property fund. Using the fund, they have invested in a logistics center in Tallinn, Estonia, for approximately EUR 24 mln, or USD 31.7 mln. The new purchase, located in the Tanassilma industrial area, spans [...]

Point Nine Capital has co-invested along with Team Europe in a EUR 8 mln round of financing for Delivery Hero and Lieferheld. The investment will finance the rapid expansion of both portals, which offer online ordering food ordering services to customers in various locations across Germany. This last round of financing has brought the total [...]

After this year’s investment of EUR 1.5 million (HUF 400 million) to Ominis Research, PortfoLion continued exploring new potential target companies. As a result PortfoLion invested EUR 1 million (HUF 240 million) of its approx. EUR 24 million (HUF 6.8 billion) OTP Venture Capital Fund I to TrafficNav Ltd, a real-time traffic information provider for [...]

Citing infrastructure as a top investment priority, global investment firm Citi Venture Capital International (CVCI) has announced a significant deal with Global Ports Holding Turkey. The deal calls for London-based CVCI to make a USD 200 million investment in the Turkish seaport operator. The plans must still get approval by regulators, but it’s expected the [...]

A consortium consisting of Swedish Stena AB and Koc Holding AS announced in late March their intention of placing a joint bid for Turkish ferry operator IDO. They joined a list of nine other bidders announced by the ferry’s municipal owner, the city of Istanbul. Yet the consortium withdrew their bid just a week later, [...]

Mid Europa Partners has made a new Hungarian investment by acquiring a 49.05% stake in freight hauling company Waberer’s. The shares were acquired from company CEO György Wáberer, who retains the option to increase his shares to a level equal with Mid Europa. Upon completion of the deal Mid Europa will provide an immediate €12 [...]

Czech investor Royalton Partners has made its first Lithuanian investment, and its second deal in the Baltic states, by acquiring 100% of Litcargus UAB from Cerbus Holdings, Ltd. The acquisition will be made through the Royalton Capital Investors II fund which was originally established in 2007 to focus on Poland, Romania, and the Czech Republic. [...]

Poland’s Krokus Private Equity has announced its sixth investment inCatermed, a capital increase which now gives them majority control of the catering company. The investment was made through Krokus PE’s €100 million Nova Polonia Natexis II fund and gives the firm a 55% stake in Catermed. Krokus is targeting the Polish catering sector for possible consolidation [...]

The Macquarie Renaissance Infrastructure Fund (MRIF), a joint venture between Macquarie Bank and Renaissance Capital, has announced its first investment in Russia’s Brunswick rail. The deal is worth USD 125 million in combined equity and mezzanine debt, and will see MRIF gain a seat on the Brunswick board and a 16% interest in the company. [...]

Russia’s Sistema has announced a deal to acquire M2M Telematics, a Russian fleet management technology firm. The deal gives Sistema a 51% stake at a price of USD 20 million. The remaining 49% will be acquired by Sistema sometime within the next two two five years. The acquisition further enhances Sistema’s presence in the Telematics sector where [...]

Russian fleet management specialist Russian Navigation Technologies (RNT) has wrapped up a fairly successful IPO carried on the MICEX Exchange. Listed on the Innovation and Growth Companies sector, the company managed to sell 3,520,000 newly issued shares at a price of RUR 85.23 each, for a total of RUR 300 million. VTB Capital invested significantly [...]