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Benson Oak Fully Exits Eastern European Online Broker Klikpojisteni.cz to TA Associates- and MCI EuroVentures-Backed Netrisk

Czech Republic-based VC Benson Oak Capital and co-investors have sold 100% of their stakes in Czech Republic- and Slovakia-focused online insurance brokerage Klikpojisteni.cz to Hungary-based online insurance brokerage operator Netrisk

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Genesis Capital Acquires Czech Call Center Operator Conectart from KKCG

Central Europe-focused private equity fund manager Genesis Capital has acquired Czech Republic-based call center operator Conectart from private investment group KKCG through Genesis Private Equity Fund III (GPEF III). Read

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LitCapital Exits Lithuanian Temperature-Controlled Logistics Company NNL LT

Lithuania-focused growth capital firm LitCapital has exited Lithuania-based temperature-controlled logistics company NNL LT to the founders of the company. Read more

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TRG Acquires Croatian CRO Optimapharm From Mezzanine Management

Emerging markets-focused alternative asset manager The Rohatyn Group (TRG) has acquired Optimapharm, a Croatia-based contract research organization with operations throughout Europe, from Central and Eastern Europe-focused private credit fund manager

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Genesis Investments Leads USD1.5m Seed Investment for Belarus’ Video Editing Application VOCHI

Ukraine-based VC fund Genesis Investments led a USD1.5m seed investment for Belarus-based video editing application VOCHI. Read more

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CB Growth One Invests ~USD.1.1m in Slovak Agtech Nitroterra

CB Growth One, a fund managed by Slovakia-based VC fund manager CB Investment Management, has invested EUR1m (approximately USD1.1m) in Slovakia-based agtech Nitroterra. Read more

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INVL Baltic Sea Growth Fund Agrees to Acquire Controlling Stake in Latvian Waste Collection Specialist Eco Baltia

INVL Baltic Sea Growth Fund, a fund managed by Lithuania-based firm INVL Asset Management, has agreed to acquire a controlling stake in Latvia-based plastic recycling and waste collection specialist Eco

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Growmore Group to Acquire Lithuanian Retail Bank Medicinos Bankas

UAE-based global investment and financial services conglomerate Growmore Group has agreed to acquire Lithuania-based retail bank Medicinos Bankas. Read more

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Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand Lead USD1.7m Seed Investment for Estonian Fintech askRobin

VCs Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand led a USD1.7m seed investment for askRobin, an Estonia-based fintech focused on underbanked customers in Latin America.

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Grafton Capital Invests USD20m in Cyprus’ AI Developer Omilia

UK-based VC Grafton Capital has invested USD20m in Omilia, a Cyprus-based AI developer for customer support. Read more

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Neogen Capital Invests USD543k in Romanian Robotic Automation Startup MissionCritical

Romania-based VC Neogen Capital has invested EUR500k (approximately USD543k) in Romanian Robotic Automation Startup MissionCritical. Read more

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Index and Credo Lead USD2.75m Seed Round for Czech Anti-Fraud Tech Startup Resistant AI

US-based VC Index Ventures and Czech Republic-based VC Credo Ventures led a USD2.75m seed round for Czech Republic-based anti-fraud tech startup Resistant AI, with participation from Seedcamp, UiPath CEO Daniel

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Icebreaker Fund II Reaches USD54m First Close

Finland-based VC Icebreaker.vc has reached a EUR50m (approximately USD54m) first close for its second fund targeting early stage tech companies in Finland, Sweden, and Estonia. Investors in the fund include

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Baring Vostok Acquires Minority Stake in Russian Ecological Products Manufacturer Synergetic

Russia- and CIS-focused private equity fund manager Baring Vostok Capital Partners has acquired a minority stake in Russia-based eco-friendly detergents and cosmetics manufacturer Synergetic for an undisclosed amount. Read more

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Paladin Capital Group Leads USD2m Seed Investment for Estonian Startup Dashbird

US-based venture capital firm Paladin Capital Group led a EUR1.9m (approximately USD2m) seed investment for Estonia-based serverless application troubleshooting company Dashbird. Read more

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BaltCap Acquires Lithuanian Meat Processing Companies Krekenavos Agrofirma and Mesa LT

Baltics-focused private equity fund manager BaltCap has acquired two Lithuania-based meat processing companies, namely Krekenavos Agrofirma and Mesa LT, through BaltCap Private Equity Fund III (BPEF III). BPEF III financed

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SpeedUp Energy Innovation Invests ∼USD1m in Polish HRtech DevSkiller

SpeedUp Energy Innovation, a fund established under the partnership between PGE Ventures, PFR Ventures, National Center for Research and Development (NCBR), and SpeedUp Group, has invested EUR1m (approximately USD1m) in

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Baring Vostok, Sistema VC, and Princeville Capital Invest USD150m in Russian E-Commerce Platform Ozon

Russia and CIS-focused private equity fund manager Baring Vostok Capital Partners, the corporate venture arm of Russian financial corporation JFSC Sistema (Sistema VC), and US-based technology investor Princeville Capital have

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Hoxton Ventures Leads USD10m Investment in Ukranian Edtech Preply

UK-based Hoxton Ventures led a USD10m investment in Ukranian edtech Preply, with participation from European investors Point Nine Capital, All Iron Ventures, The Family, EduCapital, and Diligent Capital. A number

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ARX Equity Partners Exits Slovenia’s DCB

Central Europe-focused private equity fund manager ARX Equity Partners has sold its interest in Slovenian health care service provider Diagnosticni Center Bled doo (DCB) to a joint venture between two

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EBRD-Backed Revo Capital Fund II Reaches USD43m First Close

Revo Capital Management has reached a EUR40m (approximately USD43m) first close for its second fund. EBRD committed EUR12.5m to the vehicle, which is targeting EUR60m to invest in early-stage technology

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SEAF Exits ABCom in Sale to Vodafone Albania

The Southeast Europe Equity Fund II, managed by global SME-focused impact investing firm SEAF, has completed the sale of Albanian cable operator ABCom to Vodafone Albania. Details of the transaction

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V4C and Ananda Impact Ventures Acquire Stake in Hungary’s Health Care Services Provider Doktor 24

Poland- and Central Europe-focused private equity fund manager Value4Capital (V4C) has acquired a stake in Hungary-based occupational and outpatient medical services provider Doktor 24. The transaction includes a co-investment by

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Earlybird VC Leads USD3.2m Seed Round for Bulgaria’s Payhawk

Europe-focused VC firm Earlybird Venture Capital led a USD3.2m seed funding round for Bulgaria-based paperless expense management provider Payhawk, with participation from Eleven Ventures and existing angel investors. Read more

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Earlybird VC Leads USD5m Investment in Turkish Proptech Apsiyon

Europe-focused VC firm Earlybird Venture Capital’s Digital East Fund led a USD5m investment in Turkey-based proptech Apsiyon with participation from angel investor Jak Baruh. Read more

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Mediterra Capital Exits Turkey’s Mobiliz via Sale to Fleet Services

Turkey-focused private equity fund manager Mediterra Capital Partners has exited its stake in Turkish IT company Mobiliz via a sale of its shares to Balkan GPS tracking and fleet management

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Genesis Capital, and ESPIRA Investments Acquire Minority Stake in Warsaw-based Multilingual Data Processing Company SLT

Private equity investors Genesis Capital and ESPIRA investments have acquired a minority stake in Warsaw-listed data processing and management company Summa Linguae Technologies (SLT) from V4C Poland Plus Fund. V4C

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Elbrus Capital Exits OSG Records Management via Sale to Iron Mountain Inc for USD94m

Russia- and CIS-focused private equity firm Elbrus Capital has exited OSG Records Management via a sale of its 75% stake to Iron Mountain Inc for USD94m, over 4.5 times the

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Zubr Capital Acquires Minority Stake in CEE Fintech Conglomerate Myfin Group

Belarus-focused private equity fund manager Zubr Capital has acquired a minority stake in Myfin Group, a group of fintechs operating in Belarus and Russia, through its Zubr Capital Fund I.

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OTB Ventures Reaches USD100m Final Close for Debut Fund

Poland-based VC OTB Ventures has reached a USD100m final close for its first early growth technology fund. The vehicle will invest in technology companies in Central and Eastern Europe. Read

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INVL Reaches USD181m Final Close for Baltic Sea Growth Fund

Lithuania-based firm  INVL Asset Management has reached a EUR165m (approximately USD181m) final close for its INVL Baltic Sea Growth Fund. The vehicle will focus on growth capital, buyout, and “buy and

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Highlander Partners Exits Poland’s Akomex

US-based middle market private investment firm Highlander Partners has agreed to sell its stake in Poland-based packaging manufacturer Akomex Group to co-founder and minority shareholder Seabastian Śliwa, along with Central

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Indigo Partners Partially Exits Hungary’s Wizz Air for ~USD648.5m

Indigo Partners reduced its stake in Budapest-based low-cost airline Wizz Air from 20.6% to 3.4% by selling shares worth GPB500m (~USD648.5m). The partial exit was in an effort to comply

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RSBC Acquires 50% Stake in Czech Republic’s Umbrella

Investment firm RSBC has acquired a 50% stake in Czech bus service Umbrella Investment Group from the company’s owner, Pavel Steiner. Umbrella operates FlixBus, Europe’s international bus transportation company. Read

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BHS Acquires Czech Republic-Based Switchboard Manufacturer DCK Holoubkov Bohemia

Czech investment firm BHS, together with minority co-investors, has wholly acquired DCK Holoubkov Bohemia, a Czech Republic-based outdoor distribution switchboards manufacturer. Read more»

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Horizon Capital’s EEGF III Invests USD7m in Purcari Wineries

Horizon Capital, a private equity fund manager focused on investments in mid-cap companies in Ukraine and the neighboring region, has invested USD7m via its Emerging Europe Growth Fund III for

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Polish PE Firm Avallon Reaches USD88m First Close for Third Fund

Polish private equity firm Avallon reached a USD88m first close for Avallon MBO Fund III. The fund, targeting USD143m, plans to invest in companies operating in a range of sectors,

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Croatian BPO M+ Group to Acquire Mid Europa-Owned CMC

Central and Eastern Europe focused PE firm Mid Europa Partners announced a merger of its portfolio company, CMC, a Turkey-based outsourced call centre, with M+ Group, a regional BPO provider.

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Enterprise Investors Exits Polish Construction Company Danwood via Sale to South Korea’s GS Engineering and Construction for USD155.2m

Central and Eastern European private equity fund Enterprise Investors sold prefabricated house manufacturer Danwood to Korean construction company GS Engineering and Construction for EUR140m (USD155.2m). According to Enterprise Investors, the

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Sequoia Partner Michael Moritz Leads USD38m Round in Turkish Delivery Startup Getir

Sequoia Capital partner Michael Moritz led a USD38m investment in Getir, an Istanbul-based delivery startup. Moritz committed USD25m via Crankstart, his personal investment vehicle. The additional USD13m was from undisclosed

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Sequoia Capital Leads USD45m Series B for Czechoslovakia’s productboard With Participation From Bessemer Venture Partners

Global VC firm Sequoia Capital led a USD45m Series B for Czech product management software company productboard, along with Bessemer Venture Partners and previous investors. Read more»

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Jet Exits MSV Metal Studénka to MORAVIA STEEL

Central and Eastern Europe-focused private equity firm Jet Investments has agreed to sell its 100 percent stake in Czech Republic-based steel forging specialist MSV Metal Studénka to MORAVIA STEEL, a

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Lightspeed Leads USD141 Million Series E Round for Vinted

Global venture capital fund manager Lightspeed Venture Partners has led an EUR128 million (approximately USD141 million) Series E funding round for Vinted, a Lithuania-based second-hand fashion e-commerce company. Additional investors

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V4C to Acquire Majority Stake in Summa Linguae

Poland- and Central Europe-focused private equity fund manager Value4Capital (V4C) has agreed to acquire a majority stake in Summa Linguae Technologies, a Poland-based language technology service provider, for PLN54 million

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VTB Capital to Exit Vivacom to BC Partners-Backed United Group in USD1.3 Billion Acquisition

VTB Capital, the investment arm of Russia-based VTB Bank, has agreed to exit its stake in Bulgaria-based telecommunications operator Vivacom to United Group, a Netherlands-based media company operating in countries

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Avallon Agrees to Acquire Majority Stake in Clovin

Central Europe-focused private equity fund manager Avallon has agreed to acquire a majority stake in Clovin, a Poland-based washing products producer. Avallon will support Clovin’s ongoing investment program and lend

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TRG Invests in Amethyst Radiotherapy

Romania-based radiotherapy treatment provider Amethyst Radiotherapy has secured an investment from emerging markets-focused alternative asset manager The Rohatyn Group (TRG). The company operates nine clinics across France, Romania, Italy, Poland,

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Mid Europa Exits Walmark to STADA

Central and Eastern Europe-focused private equity fund manager Mid Europa Partners has agreed to sell Czech Republic-based dietary supplements manufacturer Walmark to STADA Arzneimittel, a Germany-based pharmaceutical company. Walmark currently

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Livonia Partners Agrees to Acquire Klaasimeister

Livonia Partners, a private equity fund manager focused on the Baltic states, has agreed to acquire Estonia-based glass producer Klaasimeister. The company specializes in manufacturing energy-efficient insulated glass units for

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ARX Equity Partners Leads Acquisition of TES Vsetín from Advent International

ARX Partners, a private equity firm focused on control transactions in mid-sized companies in Central Europe, has led the acquisition of Czech Republic-based electrical engineering company TES Vsetín from global

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BaltCap Reaches USD138 Million First Close for Third Fund

Baltics-focused private equity fund manager BaltCap has reached a first close for BaltCap Private Equity Fund III with EUR126 million (approximately USD138 million) in capital commitments. Investors in the fund

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Lakeshore Sells Santa Fe to Singha Corporation for USD50 Million

Thailand-focused growth equity fund manager Lakeshore Capital has sold its stake in Thailand-based steakhouse chain Santa Fe to Singha Corporation, a Thailand-based food and beverage conglomerate, for USD50 million. Through

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Blackstone Completes USD1.1 Billion Acquisition of Luminor

A consortium led by global alternative asset manager Blackstone has completed the acquisition of a 60 percent stake in Baltics-focused Luminor Bank for EUR1 billion (approximately USD1.1 billion). The consortium,

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