Mid Europa fund to spend up to 1 billion euros in CEE

Private equity fund Mid Europa Partners plans to spend up to 1 billion euros ($1.4 billion) over the next two to three years in central and eastern Europe, which may include the retail chain of Polish Emperia , one of its partners told Reuters.
Mid Europa, which manages three funds with capital commitments of some 3.2 billion euros, has been one of the more active buyers in emerging European markets, snapping up assets worth 1.6 billion euros in the last four years. In February it paid rival Penta Investments some 400 million euros for Polish retail chain Zabka. The fund will also take a look at the grocery chains owned by Emperia, which launched a tendering for the assets last month.