Russia
RITF invests $5m in LitRes
The Russian Internet Technology Fund (RITF), managed by Black River Ventures (BRV), has injected $5m into LitRes, a Moscow-based online retailer of Russian language e-books.
RDIF and Deutsche Bank invest $237.1m in Rostelecom
The Russian Direct Investment Fund (RDIF) and Deutsche Bank (DB) have teamed up to buy shares in listed Russian telecommunications company Rostelecom for $237.1m.
I2BF backs Dauria Aerospace with $20m
I2BF Global Ventures has supplied Dauria Aerospace, a Russian satellite manufacturer and services provider, with $20m for its series-B funding round.
One Equity Partners et al. acquire Voltyre-Prom
One Equity Partners, the Russian Direct Investment Fund (RDIF) and trade player Titan International have acquired Voltyre-Prom, a Volzhsky-based agricultural tyre manufacturer.
Runa Capital invests $2m in Rocketbank
Russian VC Runa Capital has backed Rocketbank, a Russian mobile banking service provider, with a $2m investment.
Russian VCs merge ZdorovieOnline and VitaPortal
Fast Lane Ventures and Prostor Capital have merged their VitaPortal asset with Runa Capital’s ZdorovieOnline to create a new Russian online medical advice company.
Intel et al. invest $12m in Eruditor Group
Intel Capital, Runa Capital and Frontier Ventures have injected $12m into Eruditor Group, a Russian provider of online marketplaces for freelancers.
Target Ventures backs Babadu
Russian venture capital firm Target Ventures has invested “several million dollars” in Babadu, a Russian e-commerce platform for children’s products.
Capman invests in Maykor
Capman has taken part in a $100m funding round for Maykor, a Moscow-based IT outsourcing service provider, via its Capman Russia II fund.
Almaz Capital hires two
Russo-American investor Almaz Capital has appointed Ross Hangebrauck and Daniil Stolyarov as managing director and investment director respectively.
Mir Capital buys stake in Packer Service Group
Mir Capital has made its first investment with the acquisition of a non-controlling stake in Russian oil and gas solutions firm Packer Service Group.
TPG and VTB consider Lenta listing in London
TPG and VTB Capital are in talks with banks concerning a possible London listing of Russian supermarket chain Lenta.
Elbrus Capital buys minority stake in B2B-Center
Elbrus Capital has acquired a 23% stake in Russian online procurement marketplace B2B-Center.
CapMan raises €97m for Russia II fund
CapMan has held a first close for its CapMan Russia II (CMR II) fund on €97m.
Russian Direct Investment Fund seeks partnership with Germany
State-backed Russian Direct Investment Fund (RDIF) is looking to form a strategic partnership for co-investments with Germany, according to reports.
Acanthus: Private equity fundraising remained tough in 2012
Research from mid-market advisory firm Acanthus shows that 2012 saw an even tougher fundraising climate than the previous year.
Elbrus buys OSG Records Management from Aurora Russia
Elbrus Capital has acquired Russian storage and records company OSG Records Management from Russian investment company Aurora Russia.
Moscow Exchange IPO sets market cap at $4.2bn
Private equity-backed Moscow Exchange (MICEX) has set its IPO offer price at RUB 126.9bn ($4.2bn).
IMI.VC backs Game Insight with $25m
Russian investor IMI.VC has invested $25m in Moscow-based mobile gaming network Game Insight, valuing the company at $550m.
Upcoming IPO values Moscow Exchange at c$4bn
Private equity-backed Moscow Exchange has set a price range of RUB 55-63 per share for its flotation, according to reports.
Consortium including Baring Vostok invests in Karo Film
Baring Vostok Private Equity, UFG Private Equity, the Russian Direct Investment Fund (RDIF) and media entrepreneur Paul Heth have taken a controlling stake in Russian cinema business Karo Film Group.
EBRD loans RUB 1.7bn to Orient Express Bank
The European Bank for Reconstruction and Development (EBRD) has provided Orient Express Bank (OEB) with a three-year loan totalling RUB 1.7bn.
Sberbank and Credit Suisse abandon buyout fund plans
OAO Sberbank and Credit Suisse Group have abandoned plans to raise a $1bn buyout fund dedicated to private equity in Russia.