Valued at USD 270 million dollars, an invest consortium consisting of VTB Capital, Alfa Capital Partners and a few private investors including Peter Gerwe, have purchased a 79% stake in News Outdoors, a Russian outdoor advertising firm. The managing director of News Outdoor will retain a 21% share in the company.
News Outdoor Group (www.newsoutdoor.com)
News Outdoor was founded in 1999, and currently holds over 50,000 billboards (advertising faces) in 85 different Russian cities. News Outdoor also operates in Poland, Bulgaria, Czech Republic and the Ukraine.
The company is expected to generate USD 200 million in revenue in 2011.
VTB Capital (www.vtbcapital.com)
VTB Capital is the investment branch of VTB Group. VTB Capital was founded in 2008 and has participated in more than 160 deals, generating over USD 87.8 billion in investments in Russia.
VTB Capital is headquartered in Moscow, with offices in Dubai, Hong Kong, Singapore and London. Since the founding of this fund, VTB Capital has seen a 55% growth rate each year.
Alfa Capital Partners (www.alfacp.com)
Alpha Capital Partners is an investment firm which targets companies in Russia, CIS and the Ukraine. The fund is valued at USD 200 million, and investments from the fund range in USD 10-50 million dollar increments.
Alfa Capital generally invests in buy-outs, expansion funding, and shareholder transitions.
11/08/2011
Central & Eastern Europe, Investment, Private Equity News, Russia, Telecoms & Media