Private Equity Russia

Stanislav Song and Hamid Gayibov, both of JP Morgan in Moscow have reportedly moved to Xenon Capital Partners, an M&A boutique set up last year to advise the Russian state on acquisition of domestic and foreign energy assets.

Song and Gayibov join Natalia Tsukanova, Kamil Burganov and Anton Voronin, who are all also former JP Morgan bankers.

Xenon reportedly has a mandate as investment manager for “the largest state-owned energy fund, and a range of M&A mandates for state-owned corporates in the energy sector.”

Source: Emergingmarkets.me

Novatek, Russia’s largest independent gas producer and the second-largest natural gas producer in Russia, has acquired an additional 26% equity stake in OOO Oiltechprodukt-Invest, OOO Petra Invest-M and OOO Tailiksneftegas from United Capital Partners Oil and Gas Private Equity Fund, L.P.

The acquisition increases Novatek’s participation interest in these companies to 51%.

The acquired entities hold exploration licenses in five license areas in the rich Yamal Nenets Autonomous Region (Sredniy Chaselskiy, Severo Russkiy, Zapadno-Tazovskiy, Anomalniy and Severo-Yamsoveyskiy).

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