A consortium of investors comprising Baring Vostok, the Russian Direct Investment Fund and UFG Private Equity will support media mogul Paul Heth through an investment in Karo Film, a leading chain of Russian cinemas. The consortium will take on a controlling stake in the group, and will also invest USD 100 mln over the next [...]

The new BVPEF V set up by Baring Vostok earlier this month is seeing the EBRD invest a further USD 75 mln into the Russian PE market. The fund, which will focus on acquiring 15 to 20 assets in the high-potential growth category chosen among midcap companies, could involve support through business expansion, consolidation of units or even [...]

Baring Vostok PE, through their Baring Vostok PE Fund IV, and Accel Partners have participated in a round of funding for Russia’s biggest classifieds portal Avito.ru. The USD 75 mln round of financing also saw existing investors Kinnevik and Northzone taking part in the series. Avito.ru currently boasts 30 mln unique monthly visitors, and the [...]

Moscow-based Baring Vostok Capital Partners (BVCP) has acquired a 9 percent equity stake in Russian software development and distribution company 1C at the cost of USD 200 mln;

Yandex, the undisputed champion among all Russian-language Internet sites, has announced plans for a NASDAQ IPO in June or July 2011. The USD 1 billion IPO will be managed by Morgan Stanley and Deutsche Bank. Existing shareholders like Almaz Capital, Baring Vostok Capital Partners, Runet II, Tiger Global, and UFG, which collectively own about 60% [...]

Russian telecom Enforta continues to build its network through acquisition of smaller companies, with the successful completion of a deal to purchase 100% of KTS CJSC. The addition of KTS CJSC means Enforta has now expanded its services into Russia’s Kuzbass region and can reach more than 500,000 potential new customers. In 2006 Enforta acquired [...]

As confidence in the Russian banking system slowly begins to rebound, private equity firm Baring Vostok Capital Partners aims to acquire a 20% stake in Orient Express Bank. BVCP originally asked Russia’s Central Bank for a 30% stake, but will settle for 20% pending the bank’s decision. Speculation places the value of a 30% stake [...]

Fresh off the £1 billion Mail.ru Group IPO earlier this month, it appears that Russia’s leading Internet search engine, Yandex, is considering a possible IPO of its own in 2011. Under current market conditions, a Yandex IPO in London could be worth £1 billion. While the London Stock Exchange seems to be the front runner [...]

Baring Vostok Capital Partners (BVCP), one of Russia’s most successful telecom and media investors, has acquired a 10% stake in ER-Telecomat a cost of USD 80 million. Prior to the deal, ER-Telecom had only two investors; Perma Industrial and Financial Group (95%) and company management (5%). The share sale was initiated to help finance ER-Telecom’s further [...]

Moscow-based UFG Private Equity Fund II has made another investment in the Russian telecomm market with the acquisition of 15% of Prestige Internet; a company operating under the brand name Enforta. The shares were acquired from Sumitomo Corporation whose stake is now reduced to 15%. Other investors in parent company Enforta B.V. include Baring Vostok [...]

Baring Vostok Capital Partners, the Moscow-based private equity firm, could be on the verge of a major investment in one of Russia’s leading children’s entertainment ventures. BVCP and Riki Group, producers of the popular Smeshariki cartoon television series, seem to be in the final stages of working a deal that would give BVCP a stake [...]

Rumors have been circulating around Russian search engine Yandex and its plans to raise several billion dollars in a future IPO. Now a handful of Yandex private investors including Oradell Capital have sold shares equalling a 9% stake in the company, to a group being managed by Baring Vostok, UFG Asset Management, and Tiger Global [...]

After announcing in June that it would place 27 million new shares among existing shareholders at USD 1 each, Volga Gas has revealed a partial list of buyers from its July 7th sale. Leading the charge was Baring Vostok Capital Partners which acquired roughly two-thirds of the shares. The purchase increases Baring Vostok’s stake from [...]

1C Company, Russia’s leading software vendor, may soon get a cash infusion if Baring Vostok Capital Partners (BVCP) follows through on its initial interest in making an investment. BVCP, well known for its investments in the internet, IT and technology sectors, is said to be considering a deal in the range of USD 100 million [...]

One of America’s largest venture capital funds, Bessemer Venture Partners, leads a round of investments into Russian WiMAX network operator, Enforta. Joining Baring Vostok Capital Partners, the European Bank for Reconstruction and Development and Sumitomo Corporation the shareholders will invest USD 40 million for the fast-growing company. A representative of Bessemer Venture Partners, Ron Elwell, [...]

Russia’s leading media and electronics e-commerce store Ozon.ru has received USD 18 million in investments from an international syndicate of companies. Initiated and managed by Russia’s largest private equity investor Baring Vostok Capital Partners, the company will use the funds to further develop its logistics and distribution system and establish an expanded product line. Leading [...]