PE manager Krokus Private Equity funded the Management Buy-out (MBO) deal of LOTOS Parafiny, Poland’s largest paraffin producer and distributor. A special purpose vehicle – Krokus Chem Sp. Z.o.o., jointly owned by the fund Nova Polonia Natexis II and the current management team, acquired 100 pc ownership of the unit in a leveraged deal from [...]
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Viennese PE Fund Lead Equities invests in German MCL-Group
Viennese firm Lead Equities has just invested in a 60-percent stake in German IT company MCL-Group. The majority-stake acquisition was completed by means of a partial owner buyout. Management-held shareholders retain the remaining 40 percent after the deal. Lead Equities is making this investment from its EUR 66 mln second fund, and the investment will [...]
Euroventures Takes Second Dose Of Hungarian Med Market
After last year’s investment into Medimass, Euroventures once again takes the Hungarian pill and invests in the medical services sector in the country. For their first investment into Medimass, Euroventures secured more than HUF 400 mln. MediMass develops intelligent surgical devices that will help cancer surgeons determine which tissue is cancerous and which is not. The equipment will [...]
Bortnik Fund To Back 500 Start Up Companies This Year
The Russian state-owned Bortnik fund will support up to 500 start-up ventures during the year 2012. The fund will provide a seed amount of up to USD 200,000 in financial support to companies during their first three years. The list of companies will be decided upon using the vehicle of a series of competitions dubbed [...]
Russian billionaire co-invests in US startup
Russian billionaire Yuri Milner has co-invested USD 1.4 million in US based technology startup company Flotype. Milner along with Andreessen Horowitz, Salesforce, Ignition Partners and Y Combinator provided the seed capital to the startup that offers a suite of technologies for real-time communication between any platform and any device.
EBRD To Provide €50 mln to Turkven PE Fund III
The European Bank for Reconstruction and Development is set to announce a EUR 50 mln fund to the Turkish fund Turkven PE Fund III for investment in mid-market companies in Turkey that will either involve buyouts or capital expansions. The hard-cap target for the fund is EUR 500 mln, and it seeks to invest in [...]
BaltCap Seeks To Invest €0.5 mln In Latvian M2M Company Vendon
The Baltic region’s leading PE fund, BaltCap, seeks to invest EUR 500.000 in Vendon, a Latvia-based draugiem.lv group company that provides telemetry-based monitoring solutions to international and local models of vending machines. The fund comprises moneys from the European Union Structural Funds as well as private investors. Vendon Vendon is a group company of Latvia-based [...]
Bosnia’s Telemach secures EUR 25 million loan from EBRD
Telemach – a cable TV operator in Bosnia and Herzegovina, has been approved a EUR 25 million syndicated loan by the European Bank for Reconstruction and Development (EBRD). The company will use the money for upgrading its existing network and future domestic acquisitions. Telemach (www.telemach.si) Telemach is a leading provider of Slovenian cable TV, telephony [...]
Primus Capital Invests HUF 400 million in BBS Nanotechnology
BBS Nanotechnology , the Debrecen, Hungary based medical technology firm, has secured HUF 400 million (EUR 1.33 million) investment commitment from venture capital fund manager Primus Capital Partners. BBS developed a method of targeted chemotherapy procedure for cancer diagnostics and treatment, making the drug delivery process much more effective. The investment into BBS is the fifth investment for the [...]
Verny Capital And Ritz-Carlton Enter Vienna For First Time
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 [...]
Russian RTP Ventures Picks up Stakes in US Firms
Russian venture capital RTP Ventures made investments in four US based companies in the last two months, including two series-A funding and two seed investments. RTP is the US subsidiary of Russian venture fund Ru-net and typically invests between $1 million and $10 million in target companies. Gridgain – developer of middleware application for Real [...]
Sandor Ando and Euroventures Go Gaming With Triviador For HUF 400 mln
Sandor Ando and Euroventures VC Fund Manager (as part of the third investment from the Euroventures IV Fund) have jointly invested HUF 400 mln in THX games, a Hungarian games developer that has recently had a popular game released on Facebook, called Triviador. The capital infusion has doubled the company’s fund; the money will be [...]
WhoAPI Startup Project Raise Euro 40k Seed Investment
Croatia-based startup WhoAPI, founded by Edi Budimilic and Goran Duskic, has raised seed investment worth EUR 40,000
SpeedUp Grabs Up 6 Investment Opportunities
True to its name, SpeedUp Venture Capital Group has invested funds in as many as six new companies across domains such as e-commerce, e-tourism, e-health, social media and mobile technology. After an intensively grueling analysis of about 200 potential target companies, Ortopedio, Pastylka.pl, Lookmash.com, TimeSelf, RekomendMe and Fusion Sheep made the cut to share the [...]
Giza Polish Ventures Invests In Audio Book Company
The newly formed VC company Giza Polish Ventures has invested in a three-year old audio book portal called Audioteka.pl, which currently markets a range of audio books in Poland. The company’s fund requirement at the moment is to aid their expansion into Bulgaria, Romania and Hungary. Though Giza Polish Ventures was intended to support start-up [...]
3TS Invests In Turkish Online Dating Portal eÇift
CEE-centric 3TS Capital Partners have invested in a Turkey-based online dating site called eÇift. The investment has been made through the 3TS Technology in CEE Fund and is also called the 3TS Cisco Fund; Cisco is an anchor investor in the fund, which supports growth capital funding in the said region. Along with co-investor Istanbul Venture [...]
MCI Management Funds Poland’s Leading Consumer Electronics Portal Morele.net
MCI Management’s venture wing, MCI TechVentures fund, has invested in one of Poland’s leading online IT equipment retailers, Morele.net. The investment marks a further expansion of MCI Management’s portfolio into companies providing e-commerce platforms. The funding will help accelerate Morele.net’s already fast rate of growth in the e-commerce segment. Morele.net (www.morele.net) Morele.net is the second [...]
IIF Invests In Polish Developer Of ShootAR
Internet Investment Fund (IIF) of Krakow, Poland, has invested in Future Reality Games, the developer of the widely played First Person Shooter (FPS) augmented reality game, ShootAR. The game essentially allows users to play an online version of the hugely popular paintball against their friends in a multitude of variations of the point and shoot [...]
Invalda Acquires Shares in Litagra
Invalda Group has invested LTL 38.6 mln (EUR 11.2 mln) to buy 36.9 percent of Lithuania’s leading agricultural company Litagra.
Polish mobile app developer Appvetica Garners hardGAMMA Investment
Polish investor hardGAMMA Ventures has recently invested in a Warsaw-based mobile applications development laboratory called Appvetica.
