UFG Private Equity Fund II has reportedly acquired 15% of Wi-Max operator Prestige-Internet, which provides services under the brand name Enforta. The fund acquired the shares directly from Sumitomo Corporation, which had previously owned over 30% of the company.
Tencent Holdings Limited, owner of China’s largest instant messaging platform Tencent QQ, has invested $300 million in exchange for 10.26% of Russia’s Digital Sky Technologies (DST), owner of mail.ru and social network vkontakte.ru. This investment values DST at $3 billion.
The president of Natalie Tours, Vladimir Vorobjev, has announced that his company has purchased 25% of the shares of OOO Tourix Holidays.
Natalie Tours is one of Russia’s largest providers of package tours to popular international vacation destinations. Tourix is a Western-style travel reservation portal in the model of Expedia or Orbitz. It offers package tours, but also offers separate flight reservations, hotel, car rental and insurance.
Rumors that Coca Cola is seeking to acquire Russia’s Nidan Soki were confirmed today after an announcement that the beverage maker has officially applied for approval to make the purchase from Russian regulators.
The share’s are to be acquired from private equity group Lion Capital. Terms of the deal have not been disclosed.
Swedish television broadcaster Modern Times Group AB (MTG), owner of the Viasat satellite TV network and 39% owner of Russian broadcaster CTC Media, has announced its private equity acquisition of 50% of the shares of Raduga Holdings, the operator of Russia’s pay-satellite-tv network Raduga TV from Contintental Media.
Terms of the transaction were not made public.
PNB has acquired a controlling equity stake in Kazakhstan’s DanaBank JSC. According to a statement released by the parties, the newly capitalized joint bank will focus on Kazakh SME financing and the agricultural sector.
Terms of the private equity transaction were not disclosed but it is known that Danabank had assets of approximately $20 million at the end of 2009, and was in danger of losing it’s banking license for falling below minimum reserve requirements on its debt portfolio.
UFG Private Equity has announced that, together with Shari Redstone, it has acquired 75,1% of Russian theater chain operator Red Star Media from Sumner Redstone’s National Amusements, Inc.
Specific terms of the transaction were not disclosed.
The senior Redstone has been shedding his farther flung interests and selling stock in its media holdings in order to service the sizable debt load of his media empire.
Shari Redstone, daughter of Sumner Redstone and President and owner of 20% of National Amusements and will become chairman of the new entity.
Renaissance Capital announced yesterday that it will be purchasing 100% of the equity of Cyprus’s Leadbank (formerly Bank of Cyprus) for an undisclosed sum.
Leadbank LLC, which was established in April 2007 as Bank Kypra LLC, operated through a single Moscow branch and was basically a shell following Bank of Cyprus’s consolidation of its Russian operations in 2009. At that point, 100% of the bank’s loan portfolio was sold to 80% Bank of Cyprus subsidiary Uniastrum Bank, which has a network of 220 branches throughout Russia.
According to Bank of Cyprus, the sale will be at a premium to the net asset value of Leadbank LLC, which was around €11.7 million as of December 31, 2009.
The private equity acquisition is still pending approval by the Central Bank of Russia.
Almaz Capital, through its Almaz Capital/Cisco Russia Fund, has purchased a 23% equity stake in Novisibirsk-based online game publisher Alawar Entertainment for $3 million, according to Vedemosti. Alawar is a publisher of browser-based “casual” puzzle/adventure games with titles like Farm Frenzy 3, Vampire Saga and The Treasures of Montezuma. The company has over 60 titles with 24 released last year, and also develops games for the iPhone and other smartphone platforms.
Over 50% of the company’s revenues come from the United States and Europe but Alawar has distributed its games in 60 countries. In addition to its own website, the company distributes its games through online gaming portals as well as offers a ‘white label’ solution for web-site owners to launch their own casual games sections.
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