Thursday, 5 March 2015
Last updated 3 hours ago
Apr 17 2008 | 9:50am ET
Global buyout firm Advent International has closed ACEE IV, its fourth fund for investment across Central and Eastern Europe, at €1 billion (US$1.5 billion). ACEE IV will invest in companies requiring €30 million to €100 million of equity for growth.
“Central and Eastern Europe is now on the map for investors who are attracted by its combination of high growth and stability,” said Joanna James, managing partner. “This has served to raise the profile of the region, which is to the benefit of us all. Advent has invested three funds across Central Europe since 1994; there are many more businesses there that offer real potential for growth and cross border expansion.”
Chris Mruck, managing partner, added that some markets within the region are now “relatively mature, with buyouts the norm” while others are still developing and “offer great opportunities for pure growth.”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…