Invest-IQ

Amidst a flurry of deals in Poland’s banking sector, UK-based PE fund Apax Partners has partnered with European banking behemoth Banco Santander to acquire an 80 percent stake in KBC’s Kredyt Bank. The Polish bank’s shares will come at a price of USD 1 bln. The deal follows on the heels of an earlier proposal [...]

In anticipation of the second round of bidding for Poland’s Polkomtel mobile phone company, a shortlist of seven investor groups has been settled on. Orascom Telecom and America Movil, both of whom entered first round bids, were not included on the shortlist. Among those who did make it are Apax, KKR, Providence, Telenor, TeliaSonera, Polish [...]

Polish mobile phone operator Polkomtel may be sold in its entirety if the U.K.’s Vodafone puts their 25% stake on the block. Such a move would likely push the shareholders controlling the remaining 75% to follow. Anticipation of a possible sale has investors lining up for bids, including Apax Partners, Blackstone Group, CVC Capital Partners, [...]

After revealing in mid-November plans to sell a majority stake in Israeli investment firm Psagot, York Capital announced it has inked a deal with Apax Partners to go ahead with the transaction. Apax will acquire a 76% stake in Psagot at a cost estimated to be near USD 822 million. Los Angeles-based Markstone Capital Group [...]

Oleg Zherebtsov, founder of Russian cash-and-carry grocery chain Lenta, went public earlier this year about his desire to sell his stake in the company. In February it was reported that Zherebtsov was in talks with several investors including Warburg Pincus, TPG, Apax Partners, BC-Partners and Siguler Guff & Company. It now appears that Marshall Capital [...]

The founder of Russian-based hypermarket chain, Lenta, reports that he is still interested in selling his 35 percent stake in the retail giant. Oleg Zherebtsov was joined by 12 other stakeholders in early 2008 to sell the majority share in the company. This decision came after conflict between the chief stakeholders on which direction to [...]