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: Troika Dialog
Troika Sells Almaty Subsidiary to Eurasian Bank
Just a few years after purchasing a Kazakh bank from VTB, Troika Dialog has sold the subsidiary to Kazakhstan’s Eurasian Bank. Eurasian Bank hopes the acquisition of Almaty-based Bank Troika Dialog OJSC will solidify its presence in the area. It will use the new resources as a launching pad to increase the list of products [...]
Troika Dialog Sells 17.1% of KamAZ to Three Investors
Making good on a memorandum of understanding signed earlier in 2010, Russian investment bank Troika Dialog sold a combined 17.1% of its interest in OAO KamAZ. State-owned Russian Technologies was the biggest purchaser, taking 12.1% at a cost of USD 428 million. Daimler AG increased its 10% share by 1% while the European Bank for [...]
Daimler, EBRD Team Up for Acquisition of KAMAZ Shares
Daimler AG recently announced it has begun the process to strengthen its position and role KAMAZ, the Russian truck and bus manufacturer in which it already owns a 10% interest. Daimler has teamed up with theEBRD and signed a memorandum of understanding to purchase a 5% stake currently owned by Troika Dialog. Under terms of the proposal, [...]
Troika Dialog Files Notification to Acquire Additional Rambler Shares
Just days before being de-listed from London’s AIM, Russian media giantRambler Media received a shareholder notification from Moscow-basedTroika Dialog. The notification states Troika’s interest in acquiring 466,683 ordinary shares in Rambler, on top of what was purchased a week earlier. The shares represent just over 3% of Rambler’s issued ordinary share capital and will be [...]
Daimler Looking at Increasing Kamaz Stake to 25%
German car maker Daimler appears to be working on a deal with Troika Dialog to buy an additional 15% of Kamaz, the financially troubled Russian truck manufacturer. If Daimler, which already owns 10% of Kamaz, can work out a deal with an acceptable price it would then own a blocking share of 25% and be [...]
Morgenthaler Leads Recently Closed $10m Series B for Evernote
Cloud computing pioneer Evernote recently announced the close of its Series B financing round, to the tune of USD 10 million and led by Morgenthaler Ventures. The round was joined by Series A investors Troika Dialog and DOCOMO who contributed a combined USD 6.5 million in the first round. Evernote plans to use the new [...]
VEB Considering RUB 12b Investment in AvtoVaz
Russian car giant AvtoVaz appears on the verge of bankruptcy and is seeking help from Vnesheconombank (VEB), the Russian state-run development bank. A plan has been developed to provide AvtoVaz with a RUB 12 billion investment if state-run creditors can get in on the company’s share capital. Opposed to the deal is Renault, the French [...]
VidiMax Gets $4.25m Boost from Troika Dialog
Web multimedia start-up VidiMax has received a USD 4.25 million capital boost as it develops technology and prepares for the launch of its commercial services next year. The venture capital came by way of Troika Dialog, the leading independent investment bank in Russia, giving the firm a majority stake in VidiMax. Troika believes in the [...]
Docomo Follows Troika in Evernote Investment
American web services provider Evernote has received significant new investments in its latest funding raising efforts, including a USD 2 million deal with DOCOMO Capital. Combined with financing recently received from Russia’s Troika Dialog, the DOCOMO funds bring the total amount of the new investments to USD 6.5 million. Evernote plans to use the new [...]
Standard Bank to Invest in Russian Troika Dialog Group
Following a visit from a Russian delegation which included Troika Dialog Group Managing Director Andrei Sharonov and Russian Federation President Dmitry Medvedev, Standard Bank has announced plans to invest in a 33% stake of the Russian investment bank Troika Dialog. The deal is designed to encourage more Russian companies to become active in countries where [...]
Troika Dialog Secures $150m EBRD Loan
The EBRD and Russian investment bank Troika Dialog have inked a deal that will provide Troika a loan of up to USD 150 million over the next five years. The loan, which is senior ranking and unsecured, will provide Troika with a stable and long term source of capital, thereby allowing the bank to continue [...]
S.N. Safe&Software to Receive Financing From Troika Capital
S.N. Safe&Software, the Russian security software provider, is receiving a capital investment from Troika Capital Partners. The deal will infuse nearly $3.6 million (RUB 120 million) into the company to help further its Safe’n’Sec complex computer protection system as well as other technologies currently under development. The terms of the deal were structured to make [...]
Troika Venture Fund Invests USD 4.5 million into Evernote
Russian Troika Venture Fund led an investment into online productivity company, Evernote. The total volume of the transaction reaches USD 4.5 million. Evernote will use the funds to further develop and market its product. Evernote (www.evernote.com) Based in Sunnyvale, California, Evernote is a privately-held company that promotes its product that allows users to use notes, [...]
Daimler Trucks Acquires 10% Stake in Kamaz from Troika Dialog
Daimler AG, Kamaz, Russian Technologies and Troika Dialog have signed a strategic partnership that expands Daimler’s involvement in Russia’s truck market. According to the deal, Troika Dialog has sold a 10 percent stake in the share capital of Kamaz for USD 250 million. The company will also make a one-time payment of USD 50 million [...]
Troika Subsidiary Avtoinvest Acquires Majority Stake in Kamaz
The Republic of Tatarstan is set to sell its 37.8 percent stake in Kamaz-Capital to Troika Dialog Group’s subsidiary, Avtoinvest Ltd. Each share was purchased at USD 3.38 to 3.94 per share, giving the transaction an approximate value of USD 300 to 350 million. Avtoinvest Ltd previously held a controlling 51 percent stake in Kamaz-Capital. [...]
Troika Growth III to Receive $50 million USD from EBRD
According to a press release from Troika Capital Partners, the European Bank for Reconstruction and Development (EBRD) will commit USD 50 million to the firm’s private equity fund, TCP Growth III, LP. The project’s general partner is TCP G3 General Partner Limited, owned by the fund’s sponsor Troika Dialog Group. The fund is set to [...]
PTI Receives Investment from Troika and Eagle Capital
Eagle Venture Partners with its Eagle Russia Fund and Troika Capital Partners’ Russia New Growth Fund have made investments into Protein Technologies and Ingredients Group (PTI). The private equity funds have given USD 18 million to the Russian food ingredient producer and distributor. The funds are designed to finance new business development projects as well [...]
Renault Acquires 25%+1 Stake in AvtoVAZ from Troika
Troika Capital Partners, representing Troika Dialog Investments Limited, has sold its shares of AvtoVAZ to Renault. As part of the agreement, Renault will invest USD 1 billion into AvtoVAZ in an effort to enable the company to expand it line of vehicles and leverage the company’s other chief investor Russian Technologies. Both Renault and Russian [...]
Troika Capital Makes Major Investment in SantaHouse
Troika Capital Partners, managers of the Russian New Growth Fund, have become shareholders in SantaHouse. The fund purchased 25% plus 1 share of the hypermarket chain, however the value and amount of investment is unavailable at this time. However, with household goods one of the fastest growing sectors in the Russian economy, Troika Capital Partners [...]
