Siguler Guff’s Russia private equity investment arm Russia Partners has completed acquisition of a minority stake in cloud services automation and virtualization company Parallels. Terms of the deal were not disclosed.
In April 2009, Russia private equity group Almaz Capital reportedly acquired a 5% stake in Parallels for $11 million, suggesting a $220 million valuation at that time.
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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