Saturday, 23 August 2014
Last updated 19 hours ago
Jun 1 2007 | 11:20am ET
AIG Global Investment Group recently held a final close of AIG New Europe Fund II with capital commitments totaling €522.5 million (US$700 million).
NEF II invests in companies organized or operating in the Central and Eastern Europe, including Poland, the Czech Republic, Slovakia, Hungary, Romania, Bulgaria and the Baltic Countries. The fund focuses on capitalizing on the favorable economic, legal and political conditions in the region, with its strong long-term GDP growth outlook, increased domestic consumer demand and a shift in the manufacturing base from Western Europe.
“The Central and Eastern European region is primed for private equity investing with enhanced deal flow and consolidation opportunities stemming from European Union accession,” said Pierre Mellinger, managing director, AIG Capital Partners and CEO of NEF II. “In addition, there is tremendous value investing in a region with relatively few experienced private equity competitors.”
Mellinger leads a team out of Warsaw, Poland, with investment professionals located in three offices in the region (Warsaw, Bucharest, Romania, and Budapest, Hungary). “As with many of our private equity funds, our investment teams are culturally connected and speak the languages of the local companies in which we invest, which is a clear advantage in our partnerships,” David Yeung, President and CEO of AIG Capital Partners, said.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note