Europe's wealthiest individuals are a mixed group. Some of them hold fortunes derived from centuries-old dynasties, while others are hard-nosed entrepreneurs who scrabbled up from humble backgrounds. There are those in eastern Europe who made their money recently after the collapse of the Soviet Union, there are industrialists from Scandinavia with fortunes derived from old industry, and there are some in Western Europe with ancient royal connections.
Introducing Trusted Insight's Venture Capital Recap, a compilation of the most important venture capital news from this week. Here are the stories you may have missed:
<p>Israeli food and drinks maker Strauss Group said on Thursday that U.S. buyout firm TPG Capital Management was looking to sell its 25.1 percent stake in one of the group’s units, Strauss Coffee.</p> <p>Strauss, a maker of snacks, fresh foods and coffee, is a market leader in roast and ground coffee in central and eastern Europe and Brazil.</p> <p>TPG bought its stake in Strauss Coffee in 2008 for $293 million, but relations between the partners soured after TPG tried to keep a former TPG employee from losing his job as chief executive of the coffee firm. It lost that fight in court and the former employee was ousted in 2014.</p>
<span style="line-height: 15.6px;">French civil service pension fund ERAFP has made its first real estate investment in the Czech Republic, with </span><a class="intextlink" href="http://hub.ipe.com/lasalle-investment-management-real-estate-homepage/415589.supplier" rel="intextlink_1" style="line-height: 15.6px;">LaSalle</a><span style="line-height: 15.6px;"> Investment Management buying retail and office space in Prague for some €80m on behalf of the pension fund.</span>
<p class="standfirst" style="line-height: 20.8px;"><span style="line-height: 1.6;">The Canada Pension Plan Investment Board (CPPIB) and Cairn Capital are investing jointly in a bond backed by Romanian real estate.</span></p> <div> </div>
<p>Slowly but surely Europe is gaining ground on the US through the efforts of its disruptive entrepreneurs, with many seeing Central and Eastern Europe (CEE) as the region most likely to produce the next unicorn.</p> <div> </div>
Emerging markets mandated managers had a good month as the stabilisation in oil prices and well-performing equity markets in EM countries lent support to managers during the month. Central bank meeti...
Hungary's state-owned MKB Bank will be sold to a consortium of domestic and foreign equity funds, with Hungarian owners getting a majority stake, the bank's chief executive Adam Balog told Reuters on Wednesday.
The farm operator, unveiling plans to double the area it controls, says that Slovakian land reforms could lead to a market "oversupply"