Data & Intelligence

CEE 2021 Data Insight

Total CEE exit value disclosed to EMPEA reached USD7.8b in 2020, bolstered by public markets transactions

Total exit value in Central & Eastern Europe (CEE)—inclusive of Turkey, Russia, and neighboring markets—ballooned to USD7.8b in 2020, with public markets accounting for USD5b of the total. E-commerce companies represented the two largest listings: Poland-based Allegro raised USD2.4b on the Warsaw Stock Exchange and Russia-based Ozon raised USD990m on the Nasdaq. Notably, the Allegro listing is both the largest private capital-backed IPO on record for the region and the largest listing in Warsaw to date, pointing to a growing number of IPOs completed on local exchanges rather than abroad. International corporates continued to find acquisition opportunities in CEE, evidenced by US-based Zynga’s USD1.6b acquisition of Turkey-based gaming startup Peak Games. Earlybird Venture Capital, Hummingbird Ventures, and Endeavor Global returned more than USD520m from the sale.

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EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company