Bulgarian Private Equity Fund AD (BUL:BPT) announced a private placement of 6,150,000 common shares at a price of BGN 1 per share for gross proceeds of BGN 6,150,000 on December 2, 2016. Post the closing, the capital of the company will be increased from BGN 2,050,000 to BGN 8,200,000. Pursuant to the transaction, the investors will acquire a stake of 75% in the company. The shares will be issued at its nominal value. The transaction will be considered successful if at least 500,000 new shares are subscribed for and paid.