ZAO Tascom (Russia) - Jan 2008

In a series-B financing round, Quadriga Capital Russia and Norum, a fund recently acquired by CapMan, have invested €15m for a majority stake in Russian telecommunication services provider ZAO Tascom.

In 2004, Norum invested in Bester Investments, which wholly owns Tascom. The investment allowed Tascom to triple its client’s base within three years, securing a position from which the company was able to seek a new financial sponsor. It then approached Quadriga.

Company

Based in Moscow, Tascom provides telecommunication services to Moscow Oblast, operating a wireless access broadband network that provides internet access and telephony. The new capital will be used to expand into other oblasts, realise additional infrastructure build-ups and launch new services for Tascom’s corporate and small business clients.

People

Michael Katsnelson led the transaction for Quadriga and Alberto Morandi for Norum.

Advisers

Company - Advanced Communications & Media, Michael Alexeev (Other Consulting)Equity - Ernst & Young - Transaction Advisory Services , Tatiana Shustova (Financial Due Diligence)Equity - Salomon Brothers, Anton Kllyachin (Legal)Equity - Sinon Wireless Consultancy, Ian Clarke (Technical/IT Advice)

Sourced from: CEE unquote unquote" 01 (Jun 2008)

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• CEE
• Expansion
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• Russia