PPF Group, a prominent player in the CEE financial services market, has bought back a 27.5 per cent stake in its PE business from Assicurazioni Generali, the Italian insurance company with which it partnered to form Generali PPF Holding (GPH) in 2007. The deal involved the entire investment by Generali in the PPF Partners I Fund. [...]

Czech billionaire Petr Kellner controlled private equity group PPF is set to exit its Italian insurance venture Assicurazioni Generali SpA. PPF, which acquired the stake in Assicurazioni Generali SpA in 2007, has the option of exiting the business in 2013. However the Czech group, whose current stake in the joint venture is valued at about [...]

GED, a Spanish based private equity firm, has purchased a 30% share in Continental Hotels, from Czech based PPF Partners. This will increase GED’s holdings in the Romanian based hotel chain to 50%. This purchase represents the largest investment GED has made in Eastern Europe since 1996. The remaining shares will be held by Enache [...]

Bavella B.V., a subsidiary of Czech PPF Group, has acquired a 100% stake in Russian based Rav Agro-Pro. This is the first agricultural investment made by PPF Group. Contributing to the investment, RP Capital made a co-investment in this venture by purchasing a 20% stake in Bavella B.V. Rav Agro-Pro (www.ravagro.ru) Rav Agro-Pro owns nearly [...]

Russian investor Igor Yakovlev and PPF Group have come to an agreement for Yakovlev to sell his remaining shares, 50% minus 1 share) to PPF Group. PPF Group purchased 50% plus 1 share of the Russian electronics chain in 2009. The purchase has already been approved by the Russian regulators. Eldorado (www.eldorado.ru) Eldorado was founded [...]

After a little more than a year of working on a hyperlocal media project in the Czech Republic, PPF Group has closed it down and sold the company’s media division to investor Richard Benysek. Naše Adresa, or “Our Address”, was PPF’s attempt to redefine the collection and distribution of news information in seven Czech regions. [...]

Czech billionaire and PPF co-owner Petr Kellner let it be known in early April he was interested in increasing PPF’s stake in Italy’s Generali to near 2%. Kellner had already acquired a 0.3% stake at a cost of CZK 2.12 billion and was prepared to spend billions more to raise PPF’s stake in Europe’s third [...]

As J&T Finance Group continues the process of separating its hotel and tourist businesses, Petr Kellner’s PPF and Italian-Czech firm Generalli PPF are taking the opportunity to invest substantially. The two firms have spent more than CZK 1 billion acquiring stakes in J&T’s Best Hotels Properties (BHP) and Tatra Mountain Resorts (TMS). The firms now [...]

After a two-year legal battle between PPF Investments and Oleg Deripaska’s Basic Element, an arbitration court has ruled in favour of PPF regarding rule changes designed to hamper its involvement with Russian insurance company Ingosstrakh. As a minority investors, PPF was subjected to new rules for Ingosstrakh board members which it believed was both discriminatory [...]

PPF Group has announced a new acquisition to add to its health care business portfolio. The investment group’s PPF Healthcare a.s. has agreed to acquire Czech hospital and clinic owner Euroclinicum for an undisclosed amount. Once approval is given from the Czech government the deal is expected to be completed, bringing Euroclinicum’s two hospitals and [...]

PPF Group has announced an agreement to sell its 13.8% stake in ArcelorMittal Ostrava (AMO) for CZK 6.8 billion. The PPF stake in the Czech steel producer will go to AMO’s parent company, ArcelorMittal Group, increasing ArcelorMittal’s ownership to just over 96%. The acquisition will allow ArcelorMittal to force out minority shareholders despite their opposition, [...]

More than a week after the bid deadline for Greek Telecom Wind Hellas passed, PPF Partners has made a €200 million offer for the financially troubled company. PPF’s bid is being looked at by creditors along with competing bids from Weather Investments and subordinated bond holders, both of whom are trying to gain complete control [...]

Making good on a deal reached with Russian billionaire Igor Yakovlev last February, PPF Group recently announced it has completed a transaction which gives them a controlling stake of Eldorado, the Russian electronics and appliance giant. The deal results in Eldorado being managed as a joint venture with both PPF and Yakovlev appointing two members [...]

Czech financial services company PPF Group has announced the acquisition of 9.9% share of Russian Khanty-Mansiyskiy Bank. The firm, who’s principle owner and investor is Czech billionaire Petr Kellner, will make the purchase through its wholly-owned subsidiary Russia Finance Corporation B.V. PPF Group N.V. has already invested significantly in Russian banking, having acquired 100% ownership [...]

Basic Element, the Russian private investment firm owned by Oleg Deripaska has reportedly pulled out of negotiations to sell its 60% stake in local insurer Ingosstrakh. Russian and international press have been reporting an offer by Italian insurer Generali and Czech private equity fund PPF Investments to purchase Ingosstrakh for some $970 million (CZK 18.2 [...]

The majority shareholder of Romanian insurance firm ARDF is poised to delist it from the RASDAQ market after acquiring what remains of the company’s shares. Generali PPF plans a public offer for mandatory takeover of ARDF, at a cost of up to RON 21.58 million. The outstanding shares amount to 18% of the total, or 196,206,286 shares. [...]

PPF Group, the European private equity firm has joined forces with Italian insurance company Assicurazioni Generali to launch a new private equity firm for investment in the CIS and CEE. The new company will be known as PPF Partners Limited, with PPF Group holding 72.5% and Assicurazioni Generali 27.5%. The joint deal is seen as [...]

Czech financial services firm PPF Group NV has inked a deal that will give it majority control of Russian electrical retailer Eldorado. The troubled retailer which ran afoul of the Russian Tax Service had previously declared bankruptcy. The deal is packaged as a USD 500 million loan which when converted, gives PPF a 50% stake [...]

Czech finance firm PPF, a privately held investment group has agreed to sell its shares of generic drug maker Zentiva. Zentiva had been working on a deal for the takeover of the company by French pharmaceutical giant Sanofi-Aventis. Sanofi’s bid which was scheduled to expire February 20th, was contingent upon them acquiring at least 50% [...]

J&T Group, one of the most active finance groups in the Czech Republic and Slovakia, has agreed to a deal with international investment firm PPF to form a joint venture company. The deal will see PPF purchase a 40 percent stake in J&T for approximately CZK 6 billion, with J&T transferring ownership of its energy [...]