U.S. based private equity firm, TPG, has taken steps to secure its USD100 million investment into Russian VTB bank. TPG will head a committee that will help VTB develop growth strategies that do not involve acquisitions. This change comes after VTB acquired a 47% share in the Bank of Moscow, with intent to acquire 100%, [...]

Turkish discount retail chain A101 will begin accepting bids for the company around August 10, 2011. Several private equity funds, including Capital Group, TPG, and Permira, and Mid Europa Partners have all shown an interest in the sale. It is anticipated that the price will range between 800 and 1 billion Lira. A101 (www.a101.com.tr) A101 [...]

Following the recent trend of Russian investors pumping private equity funding into the growth rounds of Western companies, RU-COM’s Bright Capital has joined other investors in providing USD 45 million to Genomatica. The investment, which brings the total raised by the San Diego bio-process company to USD 84 million, enables Genomatica to further develop renewable [...]

Diageo has agreed to acquire Mey Icki, the Turkish raki producer, in a continued effort to increase its presence in emerging markets. Diageo will pay €1.54 billion to acquire the company from US-based TPG and Turkey’s Actera Group. Industry experts expect Mey Icki to do very well in coming years as income among Turkey’s middle-class is expected to [...]

The broadcasting assets of Dogan Yayin, Turkish media conglomerate, are attracting the interest of KKR and TPG. The two of the biggest US private equity businesses, together with Time Warner remained after the second round of bidding. Apax Partners and RTL dropped out of the auction earlier, as they considered the deal price too high. Bids [...]

Russia’s VTB Bank appears poised to sell a 10% stake in the government enterprise to one of the world’s largest PE firms, TPG Capital. The two are in early-stage talks as Russia begins trying to shore up its finances in the midst of a current USD 29 billion budget shortfall. If the deal proves successful [...]

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, [...]

TPG Capital and VTB Capital and the EBRD will buy 44 percent of Lenta hypermarket chain from its core shareholder August Meyer and minority shareholders for USD 1.1 billion. Neither TPG nor VTB have made official announcements regarding the acquisition. Lenta (www.lenta.com) Lenta was established in 1993 as a small cash-and-carry and has since grown [...]

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 potential sale of Anheuser-Busch InBev’s Central and Eastern European brewing assets is heating up after five private equity firms expressed interest in looking at a possible deal. Although none of the private equity firms has made comments publicly, the group of five includes Cinven, CVC Capital Partners, KKR Private Equity, TPG Capital, and Warburg [...]

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 [...]

Texas Pacific Group (TPG) has acquired a 50 percent stake in SIA International Ltd. The reported price on the transaction was US $800 million and the shares were purchased from the company’s founder and owner, Igor Rudinsky. The deal is said to be the largest private equity transaction in Russian history. According to the agreement, [...]