Scandinavian PE Fund Mint Capital Invests $40 Million in Russian IT Firm Verysell

Scandinavian private equity fund Mint Capital invested USD 40 million investment into Russian IT company Verysell. Mint Capital joined with UK investment fund RP Explorer Fund to facilitate the transaction. Further details of the transaction have not been released.

Verysell (www.verysell.ru)
Verysell is an information technology company established in Russia in 1990. One of the fastest growing companies in Russia, Verysell works in IT and management consulting, industrial automation, and the distribution of IT products. Mint Capital’s investment stands to aid Verysell with expanding its market share. With the IT industry growing by twenty-five percent each year, Russia continues to be one of the largest worldwide markets with $12.6 billion. Mint Capital plans on using its investment to push for financial transparency and corporate governance standards.

Mint Capital (www.mintcap.ru)
Mint Capital was founded as a private equity investment group in 2000. Its goal is to invest in companies in Russia and the surrounding regions.

Headquartered in Moscow, the company employs ten investment professionals. Mint Capital’s investments are now estimated to be USD 130 million in its two operating funds, Mint I and Mint II.