Russia’s Sberbank is making good on comments made by CEO German Gref through a recently announced deal to acquire Troika Dialog. Mr. Gref had stated in December 2010 Sberbank’s intention to launch its own investment business, either through acquisition of an existing investment firm or the creation of its own, during the first quarter 2011. [...]
Tag Archives: Renaissance Group
MRIF Announces First Investment in Brunswick Rail
The Macquarie Renaissance Infrastructure Fund (MRIF), a joint venture between Macquarie Bank and Renaissance Capital, has announced its first investment in Russia’s Brunswick rail. The deal is worth USD 125 million in combined equity and mezzanine debt, and will see MRIF gain a seat on the Brunswick board and a 16% interest in the company. [...]
Alisher Usmanov Acquires DST Shares From Renaissance Partners
Russian billionaire Alisher Usmanov has increased his stake in Digital Sky Technologies (DST), through a purchase of half of Renaissance Partners’ 4% stake. Renaissance Partners, part of the international investment firm Renaissance Group, has been a shareholder in DST since 2007. Details of the purchase have not been released. The purchase increases Usmanov’s stake from [...]
