Polish investment firm Enterprise Investors have made two highly successful exits recently – Magellan and Kruk. In the first case, the company reaped a 10x returns on its share sale in Magellan, a speciality finance company founded in 1999. EI has sold its 33.79 per-cent stake in the company – half its former stake, or 2,211,250 shares [...]

After a six-year cycle, Innova Capital has decided to sell its 70 per cent stake in Polish industrial parts manufacturer Donako. Co-owner Franciszek Zeleznik of Zeleznik Industrie Consulting has also sold his stake in the company. The trade sale was made to Austrian industry player Rudolf Weinberger Holding, and puts the company’s value at under EUR50 mln. [...]

Central Fund acquired Office Depot Hungary, the Hungarian unit of the global office supplies provider Office Depot.  The unit will operate under the same trade name in the future and continue to serve OD’s global accounts in Hungary. Financial terms of the transaction haven’t been disclosed. Office Depot’s exit may be a consequence of rationalization; [...]

Dubai-based Abraaj Capital – and the largest PE firm in the Middle East – is considering the sale of its equity in Turkish health insurance unit Acibadem Sigorta. The JV is jointly held (50:50) by Abraaj and the founder of Acibadem Group - Mehmet Ali Aydinlar. Abraaj has already sold its stake in Acibadem Saglik – [...]

Delek Group of Israel mulls selling its European units. The company is involved in energy, financial services and real estate; besides it owns two of the world’s largest natural gas finds at the coasts of Israel.

Leading CEE and Turkey-focused investment company Mid Europa Partners has recently completed the sale of its telecom company Orange Austria to Hutchinson 3G Austria. Regulatory approvals were obtained in December 2012 after the announcement of the sale earlier that year. The transaction will bring in a strong third player in the Austrian telecom market that [...]

Buy-Out Central Europe II Beteiligungs-Invest may be negotiating a sale of Austrian PVC additive company Chemson Polymer-Additive. The sale is currently in the second round of bidding, and less than five final bidders have been selected. The deal will mean a returns of more than six times EBITDA, which was calculated at EUR 12 mln in [...]

Horizon Equity has purchased ZWC “Miś”, a confectionery subsidiary of Delicpol, itself a veteran of the confectionery industry for over 50 years. The parent company is under the management of Resource Partners, considered to be one of the prominent investor groups in the region. The 100 per-cent equity sale will enable Delicpol to re-focus on [...]

European Directories has sold its stake in Swedish local directory provider Lokaldelen i Sverige to FCR Media Holding, increasing the latter’s already-dominant presence in the local search domain for Europe. The acquisition of the company gives FCR media its first entry into the Scandinavian market for local search and operator services; it’s presence is already strong [...]

The investor group that consists of the International Finance Corporation (IFC), ADM Capital and the Dutch pension fund PGGM has decided to divest its interests in Turkey-based Universal Saglik Yatirimlari (Universal Hospital Group); the original investment was made in May 2011 and amounted to USD 140 mln for a 26 per cent stake, of which 4.6 [...]

East Capital has made a successful exit from ELKO Grupa (ELKO), a Latvian IT distribution company in Eastern Europe and one of the largest of its kind in Latvia. An overwhelming 90 per cent of ELKO’s business comes from the markets in Russia and Ukraine. The 8.8 per cent equity stake was sold to the [...]

ARX Equity, a CEE-centric PE firm, has sold its stake in Lexum, a Czech and Poland-based group of hospitals specializing in eye care. The exit comes three years after ARX acquired Czech-based Lexum in 2009 through a management buyout, and two years after a bolt-on acquisition of Polish group Lexum-Medica. The strategic buyer in the [...]

Russian social gaming development company Drimmi will soon change hands as its founder Nikita Sherman, along with other stakeholders in the company, agreed to sell the firm to Webgames. The company is best known for its popular simulator game ‘Gone Fishing’; it was founded in 2009 and within the first six months, had garnered over [...]

Highlander Partners, a Dallas, Texas-based investment company, has concluded its fourth investment deal in Poland through the purchase of ProService AT, a financial services company specializing in transfer agent services to large-scale funds – such as pension and investment) and individual distributors of financial products in Poland. Highlander has purchased the company from Skarbiec Asset Management, which [...]

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 [...]

Two major investment players – TVG Capital and CVC Capital – are in a neck-and-neck race to purchase up to 70 per cent in Medical Park, a Turkish chain of hospitals. Both companies are vying to buy the 40 per cent stake currently held by Carlyle, as well as an additional 30 per cent from [...]

Enterprise Investors, through its Polish Enterprise Fund V, has found a buyer for its 49 per cent stake in Polish small appliances maker Zelmer; the stake will be purchased by Bosch und Siemens Hausgeräte, and the purchase price has been set at PLN 298 mln. The trade sale will be a result of Zelmer appointing Société Générale [...]

As part of a business rationalization effort towards its telecom holdings across the globe, Amsterdam-based Russian telecommunications giant Vimpelcom has decided to sell many of its businesses in the Asian and African markets. The move is intended to enable a more focused approach to its mainstay markets such as Italy and Russia, which comprise about [...]

European fund managers Trilantic Capital Partners have sold their stake in Turkish restaurant chain Istanbul Doors to the Dogus Group, a domestic conglomerate and one of the largest in the country. The restaurant group was formed in 1993 and Trilantic came on board in 2008. In the four years since the purchase, the group has [...]

Russian VC fun Almaz Capital has made a lucrative all-cash exit from portfolio company Vyatta, selling its stake to American software developer Brocade for as estimated returns rate of nearly five times its initial investment. The original funding was pegged at being in the region of USD 10 mln. Vyatta was originally established in California [...]