As the sale process for Turkey’s Biofarma continues on, the list of potential buyers is down to three – with GlaxoSmithKline being one of them. Though the remaining two bidders have not been revealed, the winner should be known within a few months. Owners Citi Venture Capital, Global Finance, and Partners in life Sciences have [...]

Turkey’s Biofarma, a leading generic drug maker, appears to be on the sale block as the company’s three co-owners have distributed short sale documents and brought on JPMorgan to advise on the transaction. Citigroup Venture Capital International (CVCI) joins co-investors Partners in Life Sciences (PiLS) and Global Finance in hopes to get as much as [...]

A 75 percent stake in Medicom Systems S.A. has been sold by Eureko B.V. to Global Finance Fund South Eastern Europe Fund L.P. Medicom Systems is the holding company for Euroclinic Athens and Euroclinic Children. Eureko is also the parent company of Greece’s Interamerican health insurance company. According to the agreement, Global Finance will acquire [...]

Global Finance divests its stake of 90.21% in La Fourmi, a Romanian supermarket chain with 14 stores in Bucharest, to Mega Image, a Company owned by Belgian international food retailer Delhaize Group. La Fourmi (www.lafourmi.com.ro) La Fourmi was the first supermarket chain to open in Bucharest in 1992. La Fourmi has 14 stores, which have [...]

Global Finance has held the final closing of its eighth fund, the South Eastern Europe Fund (“SEEF”). The South Eastern Europe Fund successfully reached its hard cap of € 350 million. SEEF will primarily consider control investments and regional expansion opportunities. The funds were committed by a group of top-tier Greek and international institutional and [...]

Global Finance acquired a share in Biofarma, one largest generic pharmaceutical producer in Turkey. Biofarma Pharmaceuticals Co. Ltd. (www.biofarma.com.tr) Biofarma is among the largest generic pharmaceutical producers in Turkey. The Company was recently acquired by Partners in Life Sciences (“PiLS”) and Citigroup Venture Capital International (“CVCI”). Global Finance (www.globalfinance.gr) Global Finance is an independent investment [...]

Global Finance acquired a majority stake in Greek Andromeda Aquaculture S.A. Andromeda Aquaculture S.A. (www.andromeda-aquaculture.gr) Andromeda was established in 1998 by Mr. Christos Giannopoulos, the founder of Riopesac, which was the largest fry production unit in Europe in Sea Bream and Sea Bass in the early 90’s. Andromeda ranks among the top five companies in [...]

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 [...]