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Kinstellar advises the Creandum fund on its investment into fraud prevention startup SEON, Hungary’s largest series A rounds to date
Kinstellar’s Budapest office, together with Goodwin, has successfully advised the Creandum fund on its €10 million Series A round investment into SEON Technologies Ltd., a fraud-detection startup. Creandum, a VC firm based in Stockholm, Berlin and San Francisco, is one of the biggest early-stage backers in Europe, behind some of Europe’s tech companies including Spotify and Bolt. Kinstellar advised on Hungarian law matters, in particular, on corporate, employment, data privacy and IP law matters. The Kinstellar team was led by Anthony O’Connor (Partner) and László Palócz (Associate) and included Márton Kertész (Of Counsel), Zsombor Orbán (Managing Associate) and Ágnes Zsófia Szabó (Senior
Kinstellar advises Doğuş Holding on the sale of a 30% stake in Istanbul’s premier shopping mall, Istinye Park, to Qatar Holding LLC
Kinstellar has successfully advised the Turkish conglomerate Doğuş Holding on the sale of a 30% stake in the premier Istanbul shopping mall, Istinye Park, to the Doha-based investment house Qatar Holding LLC. Completed in 2007, Istinye Park is one of Istanbul’s most spectacular and diverse shopping centres. The 90,000 square metre mall features nearly 300 stores, 40 restaurants and unique architecture, combining different shopping experiences in a single venue. Qatar Holding is part of Qatar Investment Authority (QIA), one of the world’s most active sovereign investors. Kinstellar’s team was led by Emre Edmund Özer, Partner in our Istanbul office, working closely with Doğuş Holding’s in-house
Kinstellar advises the private equity fund Black Sea Fund I on the acquisition of Romanian dental imaging network DigiRay
Kinstellar has successfully advised the investment fund Black Sea Fund I on the acquisition of Romanian dental imaging network DigiRay. Black Sea Fund I is a Bucharest-based investment fund focusing on investments in Romanian small and mid-size enterprises that aims to provide expansion capital to high-growth companies across a wide range of sectors, including manufacturing, business services, healthcare, and information technology. DigiRay, established in 2008 by a Romanian entrepreneur, owns the main network of maxillofacial imaging and digital dental techniques in Romania. It operates 11 centres located mainly in the western part of Romania. Kinstellar’s team was led by Răzvan Popa, Partner and Co-Head
Kinstellar advises Genesis Growth Equity Fund I on the acquisition of R2B2
Kinstellar has successfully advised Genesis Growth Equity Fund I on its acquisition of R2B2, a key player in programmatic advertising in the Czech Republic. R2B2 works for hundreds of clients, and its digital network is used by major publishers as well as some of the largest advertisers, such as Vodafone or Samsung. The growth fund GGEF I last year raised EUR 40 million (approximately CZK 1 billion) for investments in smaller and mid-size companies, primarily in the Czech Republic and Slovakia. R2B2 is its first-ever acquisition. The deal's value was not disclosed. The Kinstellar team was led by Jan Juroška (Partner), other team members included Michal Kníž (Senior Associate), Denisa Šimanská (Junior
Kinstellar advises Vivense, the leading Turkish online furniture retailer, in relation to a USD 130 million investment by Actera
Kinstellar has assisted Vivense and its CEO and founder, Kemal Erol, in relation to a USD 130 million investment by Actera Group, the largest private equity firm focusing on investments in Turkey. The new investment from Actera will, under the leadership of Kemal Erol, form the launch pad for the global expansion of Vivense’s online furniture business. The company plans to launch UK operations with a London showroom later this year, and its international e-commerce platform at the beginning of 2021. The transaction represents the first successful exit for a venture capital fund, Digital East Fund, to a private equity firm in the region. Kinstellar’s team was led by Baran Gen, Partner, supported by Mert
Kinstellar advises Genesis Private Equity Fund III on the acquisition of the largest Czech call centre
Kinstellar has successfully advised Genesis Private Equity Fund III (GPEF III) on its acquisition, from Karel Komárek's KKCG investment group, of the largest operator of contact centres in the Czech Republic. Conectart, which presently operates call centres in eight towns across the country, employing over a thousand operators, will become part of the portfolio of Genesis Private Equity Fund III. Established in 2016 through targeted development by the KKCG group, Conectart in recent months announced its entry to markets abroad. The transaction is expected to be concluded in the summer, subject to approval by the Office for the Protection of Competition. The Kinstellar team was led by Jan Juroška (Partner)
Kinstellar Podcast Series: The M&A and private equity challenges and opportunities in the CEE region in the context of COVID-19
24 April 2020 – Welcome to another Kinstellar podcast on the M&A and private equity challenges and opportunities in the CEE region in the context of COVID-19. Today, Razvan Popa, Partner and co-head of Kinstellar’s firm-wide Private Equity practice, talks with Cristian Munteanu, Managing Partner of Early Game Ventures, an early-stage venture capital firm based in Bucharest. Their discussion covers the main effects of the COVID-19 pandemic on M&A activity in Romania and across CEE and outlines Early Game's investment focus, portfolio of companies and investment strategy. Click here to listen to our podcast. For more information please contact Razvan Popa, Partner, Co-head of Kinstellar's Private Equity sector
Kinstellar Podcast Series: The impact of the COVID-19 pandemic on M&A activity
Welcome to Kinstellar’s podcast series exploring the impact of the COVID-19 pandemic on M&A activity in the CEE/SEE region. In this new series we will discuss the economic impact of the pandemic with representatives of leading corporates and private equity and venture capital players involved in M&A activities. In this episode, Laurentiu Ciocirlan, Managing Partner, Equiliant Capital, an investment fund focusing on SMEs, discusses the outlook with Razvan Popa, Partner and Co-head of Kinstellar’s firm-wide Private Equity Sector. The conversation explores the impact of the coronavirus crisis on the global and Romanian business environment, the challenges that some sectors and SMEs face, and touches on Equiliant
Kinstellar advises Earlybird Venture Capital on the seed funding round to the fintech startup Payhawk
Kinstellar’s teams in Istanbul and Sofia have successfully represented Earlybird Venture Capital on the €3 million seed funding to the fintech startup Payhawk, the paperless corporate card that simplifies expenses for businesses. This is one of the biggest seed rounds in CEE and Earlybird is one of the most successful venture capital firms in Europe. Payhawk will use this round to continue meeting a growing demand and quickly emerge on the European tech scene. The Kinstellar team was co-led by Emre Edmund Ozer (Partner, Istanbul) and Diana Dimova (Managing Partner, Sofia) and involved among others Mert Elcin (Senior Associate) and Orhan Can Sevener (Associate) in Istanbul and Nina Tsifudina (Managing Associate) and
Kinstellar advises GLP on its European expansion with EUR 1bn Goodman CEE portfolio deal
Kinstellar offices in the Czech Republic, Slovakia and Hungary have successfully advised GLP, a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies, on an agreement to acquire Goodman Group’s Central and Eastern Europe logistics portfolio, subject to regulatory approvals. In addition, upon completion of the transaction, the approximately 40-person team of Goodman Group working in the region will join GLP’s European team, Gazeley, and will support the Company’s growth across Europe. GLP entered the European market in December 2017 through the acquisition of Gazeley, a developer, investor and manager of European logistics warehouses
Kinstellar advises Highlander Partners on the acquisition of Sano Vita in Romania
Kinstellar has advised the US private equity fund Highlander Partners on the acquisition of a majority stake in Sano Vita, a leading Romanian natural food supplier. Founded in 1995, Sano Vita is one of the most reputable and trusted food brands and consumer products company in Romania. The company sells a wide range of vegetarian products, including snacks, cereals, rice cakes, tofu, mueslis, nut and seed mixes. Highlander Partners is a US private investment firm making direct private equity and mezzanine investments throughout North America, the United Kingdom and Central Europe. The Kinstellar team was led by Zsuzsa Csiki, Counsel, supported by Senior Associates Mihai Coada and Oana Grigore and Associates
Kinstellar advises Genesis Capital on the acquisition of Hungarian entertainment centres
Kinstellar has successfully advised Genesis Private Equity Fund III (GPEF III) on its acquisition of a majority stake in the Hungarian 11 Entertainment group. The group operates indoor amusement parks in Hungary, including trampoline centres, playgrounds and laser games. The capital entry of the Genesis Fund will allow for the expansion of a family entertainment concept across Central Europe. The fund would like to expand the parks to neighbouring countries. The Kinstellar team was led by Jan Juroška (Partner); team members included Michal Kníž (Senior Associate) and Denisa Šimanská (Junior Associate) in the Czech Republic, Adam Hodoň (Partner), Michal Hrušovský (Senior Associate) and Lívia Miklenčičová