Raiffeisen plans push into Central Europe

The Austrian financial services group is keen to exploit its longstanding network in the region with an investment target of over E100m.

The private equity arm of the Raiffeisen group has announced plans to invest between E100m and E150m in Central Europe over the next three years, targeting SMEs in the region.

The investment team said it was keen to find targets in the retail, consumer and media sectors that have already established domestic market presence and with at least E15m in annual revenues. The firm also made a point of saying that it would not be investing in the property, manufacturing and internet sectors.

Raiffeisen is not the first financial group to want to connect a private equity fund with the banking network of offices and – crucially – relationships and contacts that have often been developed over many decades. German and Austrian firms such as Deutsche, Dresdner and Bank Austria have all been keen to exploit these assets.