Category Archives: Deals

Abris closes latest CEE fund on €450m

Abris has exceeded expectations to reach hard-cap for its Abris Capital Fund II {{{*}}} – despite no exits since the GP was founded in 2007. Abris Capital Partners has reached its hard-cap of €450m for a final close on its second fund targeting the CEE mid-market. A total of 21 investors came into the fund,… Continue Reading

Sberbank to lend PGP developer $218m for Moscow project

Sberbank CIB, the investment arm {{{*}}} of Russia’s biggest lender Sberbank, plans to open a 10-year $218m credit line for the PGP developer to build a multi-functional shopping and entertainment centre in Moscow. The plan is sealed in a preliminary agreement signed during this week’s MIPIM international real estate show in Cannes, France, Sberbank CIB… Continue Reading

Sberbank lending $62m for two real estate projects in Krasnodar

Sberbank CIB, the investment arm {{{*}}} of Russia’s biggest lender Sberbank, has pledged to provide a 10-year credit line of 1.9bn rubles ($62m) to Russian developer RAMO-M for two projects in Krasnodar in southern Russia. The loan deal was announced at this week’s MIPIM international real estate show in Cannes, France, where Sberbank CIB has sent… Continue Reading

Former Russian unit of Barclays hires investment banking chief

Moscow’s Expobank, the former Russian retail unit of British bank Barclays, has hired Nikita Riauzov, {{{*}}} an ex-top manager at Russian lender MDM, as head of corporate and investment banking. Riauzov spent nine and a half years at MDM, one of Russia’s largest private banks, first as head of corporate and investment business and then,… Continue Reading

Abraaj considering selling stake in Turkish health insurer Acibadem – Invest IQ

Abraaj Capital, the largest private equity firm in the Middle East, is considering the sale of its 50% stake in Turkish health insurer {{{*}}} Acibadem Sigorta, according to investment intelligence website Invest IQ. Last year Abraaj sold its stake in Acibadem Saglik, Turkey’s largest hospital chain, to Integrated Healthcare Holdings, a division of Malaysian government… Continue Reading

Elbrus Capital buys OSG Records Management from Aurora Russia

Elbrus Capital, Russian equity firm recently bought OSG Records Management from Aurora Russia. {{{*}}} The target company was acquired through a secondary buyout that puts its value at between USD25 and 50 mln. It is intended that the transaction will close in early March 2013, with Aurora Russia exiting the company nearly seven years after… Continue Reading

Dragon Capital invests in pharmaceutical company Sperco Ukraine

Europe Virgin Fund L.P. (‘EVF’), a private equity fund sponsored by Dragon Capital, has completed formation of a 50/50 joint venture {{{*}}} with Ucrafarma S.A., a Spanish pharmaceutical company. The partners have united their forces in Lux PHARMA Participations SA, a Luxembourg-based holding company, with Ucrafarma transferring various pharmaceutical assets including its 95% stake in… Continue Reading

Home Credit receives bids totalling $300m for Russian bonds

Home Credit, one of Europe’s leading retail lenders, has pulled off a highly successful securities project in Russia, {{{*}}} with a total of 9.4bn rubles ($300m) offered for bonds issued by its Russian subsidiary – more than three times their total par value. Sberbank CIB, the investment banking arm of Russia’s biggest lender Sberbank, Raiffeisenbank… Continue Reading

RDIF, VEB, France’s CDC sign private equity promotion deal

By Andrei Skvarsky. Russia’s Direct Investment Fund (RDIF) and VEB development bank and France’s Caisse des Depots et Consignations (CDC), {{{*}}} all of which are state institutions, have signed an agreement to boost private equity investment in the two countries. The deal – a memorandum of understanding – was signed in Moscow on February 28… Continue Reading

Clearstream link to Russian CSD goes live with custody fees halved

By Andrei Skvarsky. Clearstream, the clearing and settlement arm of German stock exchange Deutsche Boerse, has confirmed that its direct link to Russia’s new central securities depository {{{*}}} , the National Settlement Depository (NSD), is going live on February 28, and that it is cutting its custody fees for Russian OFZ sovereign bonds by up to… Continue Reading

EBRD intervenes to salvage Lithuania’s Ukio bank

By Andrei Skvarsky. The European Bank for Reconstruction and Development is lending 20m euros in co-funding an urgent effort to rescue Lithuania’s troubled Ukio bank, whose woes are seen as a threat to the Baltic country’s entire financial sector. {{{*}}} Under an agreement between Ukio’s administrator, the lender, headquartered in Lithuania’s second-largest city of Kaunas,… Continue Reading

Prostor Capital and Moscow Seed Fund invest in Car-Fin.ru project

Prostor Capital, the Russian VC fund, and Moscow Venture Investment Fund have invested {{{*}}} $400K in Car-Fin.ru project which is a service that allows you to compare different offers when choosing a car, to get credit and leasing online. Car-Fin team took part in the selection under the GTI Labs acceleration program, that is already supported by… Continue Reading

AVentures Capital invests in Ukrainian developer of technology for Google Glasses

AVentures Capital has acquired a 25% equity stake in Augmented Pixels, one of the world’s leading augmented reality technology developers. The deal closed on February 15, 2013. AVentures Capital and Augmented Pixels didn’t disclose the financial details of the Series A deal to the public. However, AVentures fund typically invests from $300,000 to $3 million… Continue Reading

Wermuth’s pro-environment fund pulls off second deal in short while

By Andrei Skvarsky. Wermuth Asset Management, a German firm with most of its business interests in Russia, has reported a second transaction by its sustainable energy-focused Green Gateway Fund, with the previous deal announced just three days ago. {{{*}}} Green Gateway Fund, whose legal name is Europe-Tatarstan Cleantech Fund, led a group of investors that put… Continue Reading

EBRD to have permanent office in Jordan

By Andrei Skvarsky. The European Bank for Reconstruction and Development is to have a permanent office in Amman under a recent agreement with the Jordanian government. {{{*}}} The EBRD said in a statement that it had appointed Heike Harmgart, one of its senior economists, as head of the office. The EBRD, which began investing in… Continue Reading

Russia’s Aton hires ex-UBS banker to run new brokerage arm

Russia’s Aton investment group has hired Alexei Sizov, a former UBS, JP Morgan and Renaissance Capital banker, as head of institutional business at its new brokerage Aton Capital. {{{*}}} Sizov will oversee the equity, fixed income, treasury, direct market access and research units and the brokerage’s office in London, the Moscow-based group said in a… Continue Reading

EBRD, Ukraine come up with anti-corruption plan

By Andrei Skvarsky. The European Bank for Reconstruction and Development and the Ukrainian government have agreed a short-term plan to set up a public-private working group and the office of business ombudsman in Ukraine to address the country’s vast-scale corruption. {{{*}}} Later on, the EBRD and Ukraine will be developing a comprehensive initiative to fight… Continue Reading

Wermuth reports deal, two senior appointments

By Andrei Skvarsky. The Green Gateway Fund, a 110m-euro investment fund run by Germany’s Wermuth Asset Management, has acquired a minority stake in The Mobility House (TMH), a Germany-based provider of charging equipment for electric vehicles. {{{*}}} Wermuth’s statement that reported the deal did not disclose the size of the stake. Wermuth, a firm with… Continue Reading

Moscow Exchange IPO kicks off with $500m worth of stock floated

The Moscow Exchange is launching its initial public offering today, putting 15bn rubles’ (497.5m dollars’) worth of stock on sale on its own platform and having set the per-share price at 55 rubles ($1.83). {{{*}}} A statement from the exchange values the bourse at 126.9bn rubles ($4.2bn). VTB Capital, as stabilising manager of the IPO,… Continue Reading

RenCap hosting one-to-one pan-Africa investor conference

Moscow’s Renaissance Capital, seeing Africa as “a golden opportuunity for investors”, is hosting a three-day annual one-to-one pan-Africa investor conference in Lagos which opened on February 11. {{{*}}} “Against the current backdrop of global market instability, Africa remains a source of tremendous growth and opportunity”, RenCap said in a statement. The current fourth Pan-Africa Investor… Continue Reading

VTB Capital sells bond worth $169.5m in Turkey

VTB Capital has sold a two-year bond in Turkey to a total of 300m Turkish lira ($169.5m). {{{*}}} Garanti Bank, one of Turkey’s biggest private lenders, organised the placement of the bond on the Istanbul Stock Exchange. The bond, sold to qualified investors, had a semi-annual coupon of 3.89%, the investment arm of Russia’s VTB… Continue Reading

Ukraine’s stock market down 35% in 2012 – East Capital

Ukraine’s stock market was the world’s second worst performer after that of Cyprus last year, slumping by 35%, but can get a boost from a potential new loan from the International Monetary Fund, according to Stockholm-based asset manager East Capital. {{{*}}} Ukraine’s economy, where the main stock market players are mining, energy, engineering and financial… Continue Reading

Moscow Exchange gives CIS banks free access to currency market

By Andrei Skvarsky. The Moscow Exchange has given unrestricted access to its currency market to banks domiciled in Belarus, Kazakhstan, Kyrgyzstan and Tajikistan. {{{*}}} Banks in the four countries, which, together with Russia, are building a so-called Eurasian Economic Community, no longer need a Russian currency trade licence for access to the Moscow bourse’s currency… Continue Reading

IFC supports fuel distribution infrastructure in Ukraine

IFC, a member of the World Bank Group, is helping provide an $85 million financing package to build a network of gas filling stations in eastern Ukraine, bolstering the infrastructure for petrochemicals distribution and expanding access to high-quality fuel services across the country. IFC will provide $30 million in debt financing to support the network,… Continue Reading

Europe Virgin Fund invests in pharmaceutical company Sperco Ukraine

Europe Virgin Fund L.P. (‘EVF’), a private equity fund sponsored by Dragon Capital, has completed formation of a 50/50 joint venture {{{*}}} with Ucrafarma S.A., a Spanish pharmaceutical company. The partners have united their forces in Lux PHARMA Participations SA, a Luxembourg-based holding company, with Ucrafarma transferring various pharmaceutical assets including its 95% stake in… Continue Reading

Moscow Exchange announces indicative IPO price range, dividend levels

{{{?}}} The Moscow Exchange has announced an indicative per-share price range of between 55 and 63 rubles ($1.8 and $2) for its planned initial public offering. Credit Suisse, J.P. Morgan, Sberbank CIB and VTB Capital are joint global coordinators and joint bookrunners for the IPO, to be carried out on the bourse’s own platform. Deutsche… Continue Reading

EBRD loans to HEINEKEN brewery in Belarus

{{{?:0}}} European Bank for Reconstruction and Development (EBRD) is providing EUR 5 million in funding for the Belarus operations of the HEINEKEN group – one of the Europe’s largest beer producer. The loan will be used mainly to support the company’s efforts to promote the production of high-quality barley by local farmers and make a… Continue Reading