During a regularly scheduled session last month, the Supervisory Council of RUSNANO (the Russian Corporation of Nanotechnologies) approved funding for seven new projects, including investment in the new EuroTech Transfer Fund. RUSNANO will join with UniCredit Group in providing financing of up to USD 250 million to the fund whose target size is USD 500 million.

The broadcasting assets of Dogan Yayin, Turkish media conglomerate, are attracting the interest of KKR and TPG. The two of the biggest US private equity businesses, together with Time Warner remained after the second round of bidding. Apax Partners and RTL dropped out of the auction earlier, as they considered the deal price too high. Bids target the television channels Kanal D and Star TV and are expected to exceed USE 1.5billion.

One of Ukraine's leading wine makers received a financial boost early this year after Horizon Capital and Hartwell Capital joined forces to acquire a stake in the company. Inkerman, which controls thousands of hectares of Crimean vineyards will benefit from Horizon's investment experience in the industry joining a portfolio which also includes Vitmark and Bostavan Wineries Group. Meanwhile, Hartwell brings nearly 200 years of hands-on experience, tracing back to the founding of the Oy Hartwell Beverage Company in 1836.

Citing the great potential of Poland's Meritum Bank, Wolfensohn Capital Partners is joining with the European Bank for Reconstruction and Development (EBRD) and Innova Capital to pump yearly €34 million of new financing into the bank. The new funding will be used to expand Meritum's current services, develop new ones, and complete an ongoing restructuring process.

In a move that strengthens its position in the Russian-speaking Internet market, Yandex has acquired Web analytics startup WebVisor at a cost of ca. $0.5 million. Yandex made the deal with the startup's owner, Visor Ltd., after WebVisor attended the Yandex.Start program. The program was initiated by Yandex last year as a means of giving promising technology startups the opportunity to join them.