UiPath IPO
The most valuable startup in Southeast Europe, UiPath IPO listed its shares on the New York Stock Exchange on Wednesday. Romania’s UiPath, which develops software robots used by companies around the world to automate employee repetitive jobs, has set the starting price for its shares at $56. UiPath (PATH) exceeded expectations with an initial public […]
Fortenova Group Sells Ledo for 615 Million EUR
Fortenova Group signed contract with Nomad Foods to divest its frozen food business. Fortenova Group and Nomad Foods Limited have signed a purchase agreement for the Frozen Food Business Group, which consists of Ledo plus, Ledo Čitluk and Frikom and several smaller affiliates. The value of the transaction is 615 million EUR, on a cash-free […]
General Assembly Meeting Thursday, 25 March, 2021 at 16:00 Venue: Savska cesta 32, Zagreb (members only) and online
On 25 March 2021, the Croatian Private Equity and Venture Capital Association (CVCA) held the General Assembly Meeting of its members, followed by the Management Board meeting. Four new members joined CVCA: Fil Rouge Capital, Invera Equity Partners, South Central Ventures and Maverick. CVCA brings together almost all private equity and venture capital funds that actively invest in Croatian […]
Swisscom Ventures invests USD 12.5 million in Cognism
British-Croatian startup Cognism has received a USD 12.5 million investment from the VC fund of Switzerland’s largest telecom, Swisscom Ventures. With this new capital, Cognism plans to open offices across Europe and further invest in the development of its products. The last known market value of Cognism was HRK 503 million or USD 72 million. […]
NTL: Studenac leaves the Association, estimated payment is 200M HRK (approx. 26,7M EUR)
Three years after taking over the Studenac retail chain, the Polish private equity fund Enterprise Investors has left the ownership structure of the National Retail Chain (NTL), in which it had a 20% stake. Although it is not known exactly how much Studenac was paid by the other National Retail Chain (NTL) co-owners, it would, […]
Porsche increases stake in Rimac Automobili to 24%
Rimac Automobili, the Croatian company which produces and develops high-tech components for electromobility, known for its electric hypercars and batteries, has received yet another investment from Porsche AG. On March 8th, Porsche stated, it invested EUR 70 million into Rimac, which means that Porsche’s stake in Rimac is now at 24%, from 15%. This is […]
Provectus Capital Partners invests in Keindl Sport
Croatian private equity fund management company Provectus Capital Partners (Provectus) has made its first investments. In September 2021, Provectus has completed the first closing of EUR 56 million for the private equity fund Adriatic Structured Equity under their management. The target fund size is EUR 100 million. Provectus has already completed its first investment in […]
Private Equity in CEE: Creating Value and Continued Growth
Invest Europe, the association representing Europe’s private equity, venture capital, and infrastructure sectors, as well as their investors, published ‘Private Equity in CEE: Creating Value and Continued Growth’, an in-depth study of private equity’s role in innovation and economic development across Central and Eastern Europe. The report investigates the ongoing convergence of CEE countries with […]
Seven Croatian companies on Deloitte’s list of the 50 fastest-growing technology companies in Central Europe
In the latest edition of the Deloitte competition of the 50 fastest growing technology companies in Central Europe, the winner was the Czech company FTMO, whose mission is to enable capital raising for trading securities. Companies from 9 countries finished on this year’s top 50 list. The average growth of the company was 2278%, while […]
2020 Central and Eastern Europe Private Equity Statistics
This report provides annual activity statistics for the private equity and venture capital markets of Central and Eastern Europe (CEE) in 2020 and prior years. Central and Eastern Europe occupies a unique position in the European investment landscape. Like the rest of Europe, CEE’s 2020 private equity activity levels were not immune to the effects […]