Telecommunications holding company ER-Telecom is actively considering a private placement of shares in order to provide capital for its regional expansion efforts. Analysts estimate the firm’s value at $460 million (at ten times earnings).
Tvigle.ru, the Russian online video content distribution, licensing and advertising company, is offering between 10% and 25% of the company to strategic private equity investors. The owners are seeking a valuation of owners are seeking is $45 million.
Baring Vostok Capital Partners (BVCP) has been voted “Russian Private Equity Firm of the Year” by the readers of Private Equity International and Private Equity Online. This is the fifth year in a row that the firm has won the award.
Adalet Djabiev is the founder and CEO of Al-Shams Capital, an Islamic investment and financial company incorporated in Russia and regulated by the Russian Securities Commission. Although the Russian Securities Commission doesn’t have explicitly recognize Islamic finance, CEO Djabiev says that Al-Shams is by its nature and through the company’s articles of memorandum, a Shariah-compliant company.
Credit: Yevgeny Kondakov, Spiegel Online
Chatroulette founder Andrey Ternovskiy has announced that he will be visiting the US to meet with venture capital and private equity investors.
The 17-year old Moscow Internet sensation has already received an offer from Yuri Milner of Digital Sky Technologies (DST), Russia’s leading social media investment company. DST owns stakes in V Kontakte, Mail.ru and Facebook among others.
Russian private equity and venture capital firm Parta Group has completed a $10 million second round investment in the online video game developer and publisher Playnatic Entertainment. The total investment into the company at this time is $30 million.
The Ministry of Economic Development has proposed a wide-ranging stimulus package to promote innovation in Russia, including eliminating capital gains for long-term venture capital investments and creating a special tax regime for innovative companies.
VTB Asset Management is putting its venture capital and private equity management team back together following last months management shake up. Aidar Kaliyev has been named Head of the Department of Direct and Venture Investments at VTB Asset Management.
UFG Private Equity and the EBRD are reportedly investing $30 million into a new cell tower company founded by seasoned American telecom entrepreneur Garth Self. The company, Russian Towers, will build spec cell towers and lease them to operators seeking to roll out 4G service in Russia’s North West Federal District.
Successful entrepreneur and business leader Victoria Tigipko, the wife of Ukrainian Presidential Candidate and potential future Prime Minister Sergei Tigipko, has announced that she will be creating a venture capital and private equity fund to support innovative technology-driven companies and Internet startups in Ukraine and Eastern Europe.
The State Agency of Ukraine For Investments and Innovations head Lyudmila Suprun recently met with Altana Capital (formerly Upras Capital) founder Anatoliy Amelin regarding development of state policy in terms of innovative investments and improvement of the investment environment. According to the agency, Altana Capital was invited to participate in the process of creating a national venture fund for investment into innovative projects.
A document from the Ministry of Economic Development of the Russian Federation leaked on Slon.ru outlines the government’s plans to reform the array of State-Corporations, or Goskorporatsii, including RosNano, Vneshekonombank and Russian Technologies (Rostechnologii).
American graphics card leader Nvidia signed a deal today with Russia’s Cognitive Technologies, a producer of image recognition and document handling software.
This is the first time that a major international IT corporation has signed such an open-ended cooperative deal with a Russian company, according to RBC. Ordinarily, it said, firms would merely opt to license or purchase the intellectual property and continue its development abroad.
Russian agricultural leaders will be participating in one of Europe’s largest agricultural conferences, – Salon International de L’Agriculture (SIA) 2010, from February 27 to March 7 in Paris, where they will present specific direct investment and joint venture opportunities in Russia’s agricultural sector.
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