Invest-IQ

Investment in Russia’s e-commerce sector have reached an all-time record with the recent USD 55 million deal involving series C funding for KupiVIP.ru. Balderton Capital, Bessemer Venture Partners, and Russia Partners led the round, and in doing so acquired a significant stake in the Russian retail shopping portal. Two other previous investors, Mangrove Capital and [...]

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 [...]

Poland’s PGE power group wants to sell the Exatel telecom by the end of the year, and they just may have a buyer in GTS Central Europe. GTS has the resources to pull off a deal, and has already expressed an interest in either Exatel or PKP’s Telekomunikacja Kolejowa. Exatel’s 2009 EBITDA earnings were PLN [...]

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 [...]

Swiss cloud computing firm Parallels has received a new round of venture capital as at least two investors bought in to an industry which is expected to reach USD 44.2 billion within the next several years. Russia Partners, a subsidiary of emerging market investor Siguler Guff & Co., was joined by Bessemer Venture Partners of [...]

Oracle Corporation revealed it had acquired the Israeli business intelligence company HyperRoll which owns and develops technology billed as financial reporting acceleration. Oracle already develops its own software for financial reporting and consolidating but believes the HyperRoll technology will benefit its own through added speed and compliance. Current HyperRoll investors consist of both American and [...]

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, [...]

GML’s subsidiary, the shareholder of GTS Central Europe, has entered into an agreement to sell 100% of the shares in GTS CE to a consortium of private equity funds, led by Columbia Capital, M/C Venture Partners, Innova Capital and Bessemer Venture Partners. The transaction itself is expected to close in 1Q 2008. GTS Central Europe [...]