Page 11 - bne_newspaper_August_24_2018

Central Europe
August 24, 2018 www.intellinews.com I Page 11
Private equity deals in CEE hit a record €3.5bn in 2017
bne IntelliNews
Private equity and venture capital investments into companies from Central and Eastern Europe reached a record level of €3.5bn in 2017, up 113% y/y, Invest Europe reported on August 22.
The amount invested was 40% more than the previous investment peak in the region, set in 2008 before the onset of the global financial crisis, according to the association’s Central and Eastern Europe Private Equity Statistics 2017 report.
The favourite investment sector was consumer goods and services, which attracted about two- thirds of all the invested capital. The technology industry was in second place with 11%.
Private equity deals in CEE hit a record €3.5bn in 2017
Poland dominates the region as the top destina- tion for private investors by country, accounting for 71% of all the investments in monetary terms. The next most attractive were Romanian, Hungar- ian and Latvian companies with approximately the same levels of investment.
Investors like the strong domestic economic stories in these countries that form a foundation for the businesses but also look for stories that are scalable internationally.
Amongst the success stories from the region include the Czech Avast Software, which debuted on the London Stock Exchange this year and the Dino Polska food chain from Poland, which debuted on the Warsaw Stock Exchange (WSE) last year.
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