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.
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.
Senior Partner of Russian private equity group Baring Vostok Capital Partners, Elena Ivashentseva, reportedly told attendees at The Russia Forum earlier this month that she doesn’t believe in the potential for venture capital investments in Russia’s technology sector on account of the poor state of education in the country. She also reportedly said that there aren’t enough qualified managers capable of guiding businesses through their start-up phase.
Russian private equity group Baring Vostok Capital Partners is rumored to be closing in on an acquisition of approximately 45% of Riki Group, the 100% owner of the children’s animation and products holding company Smeshariki.
Smeshariki, which began as a producer of children’s cartoons, has grown into a children’s entertainment and products empire consisting of 9 companies and employing more than 400 people.
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