Bitdefender valued at $600M in a minority stake acquisition by Vitruvian Partners

Bitdefender valued at $600M in a minority stake acquisition by Vitruvian Partners

Growth capital investor Vitruvian Partners acquired a significant minority stake of approx. 30% of the Romanian-based cybersecurity software company Bitdefender from Axxess Capital, a CEE lower mid-market fund. The deal valued the company at cа. $600M. The Company achieved significant growth in recent years by significantly scaling up international operations and especially from its operation […]

>> Bitdefender valued at $600M in a minority stake acquisition by Vitruvian Partners
Lockchain.co has concluded its ICO, raising the equivalent of $ 4.4 M

Lockchain.co has concluded its ICO, raising the equivalent of $ 4.4 M

Bulgarian blockchain start-up Lockchain.co concluded an initial coin offering (ICO) for its booking blockchain platform. The start-up raised $ 4.4 M during its ICO in the form of 10 344 Ethereum coins. Lockchain.co is a travel accommodation booking marketplace that enables property owners (hotels and private homes) to offer their accommodation without any commissions. It […]

>> Lockchain.co has concluded its ICO, raising the equivalent of $ 4.4 M
Norway-based Link Mobility completed acquisition of VoiceCom for € 3.8 M

Norway-based Link Mobility completed acquisition of VoiceCom for € 3.8 M

Link Mobility Group ASA, a fast-growing and one of the leading providers of business-to-consumer wireless telecommunication services (i.e. mobile messaging, solutions and mobile data intelligence), completed its acquisition of Voicecom AD upon a successful due diligence for a total of € 3.828 M (BGN 7.488 M) on a cash- and debt-free basis. With EBITDA of […]

>> Norway-based Link Mobility completed acquisition of VoiceCom for € 3.8 M
The Ministry of Transport of Bulgaria decided to renew the concession procedure for Sofia Airport in the next two months

The Ministry of Transport of Bulgaria decided to renew the concession procedure for Sofia Airport in the next two months

The World Bank and the European Bank for Reconstruction and Development will consult the procedure for the selection of a concessionaire. The two institutions will conduct the pre-tender analysis in the next two months. The procedure is expected to be initiated upon the completion of the analysis, at the beginning of 2018. It is the second […]

>> The Ministry of Transport of Bulgaria decided to renew the concession procedure for Sofia Airport in the next two months
GIP to acquire Equis Energy for $ 5 Bn in largest ever renewable energy deal

GIP to acquire Equis Energy for $ 5 Bn in largest ever renewable energy deal

Global Infrastructure Partners (GIP), a private equity fund, together with other co-investors, including CIC Capital Corp. offered € 4.3 Bn ($5 Bn) to acquire Equis Energy, the largest renewable energy developers in the Asia-Pacific region. Singapore-based, Equis is currently developing one of the largest solar plants in Australia. GIB also owns coal, natural gas and oil […]

>> GIP to acquire Equis Energy for $ 5 Bn in largest ever renewable energy deal
Artificial Intelligence Doesn’t Need to be Taught By Humans Anymore: AlphaGo Zero

Artificial Intelligence Doesn’t Need to be Taught By Humans Anymore: AlphaGo Zero

Martin Paev, CFA Executive Director, SORTIS INVEST Advances in Artificial Intelligence (AI) have reached a stage where computers don’t need to learn from human experience anymore. DeepMind, the London-based AI company acquired by Google in 2014 has been working on AI software to master Go, the ancient Chinese strategic board game. Go is a two-player […]

>> Artificial Intelligence Doesn’t Need to be Taught By Humans Anymore: AlphaGo Zero
Hochtief confirmed a € 19 Bn counterbid for Abertis

Hochtief confirmed a € 19 Bn counterbid for Abertis

Hochtief, a German holding company with projects in construction and civil engineering for the energy, mining, transportation and urban infrastructure industries, offered almost € 19 Bn ($ 20 Bn) to acquire Abertis Infrastructuras SA, a transportation support services company. Based in Spain, Abertis owns and operates highways in addition to managing toll roads and telecommunication […]

>> Hochtief confirmed a € 19 Bn counterbid for Abertis
Sofia Municipality announces sale process for 67% stake in Municipal Bank

Sofia Municipality announces sale process for 67% stake in Municipal Bank

Sofia City Council approved a resolution to sell the 67.65% of Sofia Municipality in Municipal Bank. The minimum asking price of BGN 45.7 M (EUR 23.3 M) is approximately 0.75x Book Value, in line with recent transaction valuations of comparable European banks. As of June 2017, Municipal bank had total assets of BGN 1.5 Bn […]

>> Sofia Municipality announces sale process for 67% stake in Municipal Bank
BASF to acquire Bayer-Crop Science Business for €5.9 Bn

BASF to acquire Bayer-Crop Science Business for €5.9 Bn

BASF SE agreed to acquire the Crop Science Business of Bayer AG, a Leverkusen-based manufacturer of organic chemicals, for €5.9 Bn ($7.0 Bn) in cash. Bayer decided to divest its seed and non-selective herbicide business in an effort to alleviate authorities’ anti-trust concerns and gain approval for its takeover of Monsanto, an agrochemical and agricultural […]

>> BASF to acquire Bayer-Crop Science Business for €5.9 Bn
KKR completes acquisition of Q-Park for  £ 2.6 Bn (€ 3.0 Bn)

KKR completes acquisition of Q-Park for £ 2.6 Bn (€ 3.0 Bn)

KKR – a leading, global investment firm with more than € 118 Bn ($ 138 Bn) in assets under management – completed the acquisition of Q-Park N.V. through its infrastructure investment platform “KKR Infrastructure”. Q-park, one of Europe’s leading parking services providers manages, owns and/or operates a network of more than 6,000 multi-storey parking facilities […]

>> KKR completes acquisition of Q-Park for £ 2.6 Bn (€ 3.0 Bn)