VTB Capital has named Alexey Zabotkin as its new head of investment strategy.
Zabotkin will be transferring to the group from VTB Asset Management, where he had served as Chief Investment Officer and deputy CEO since September 2009.
Previously, he was CIO with United Capital Partners, a Russian private asset management company and in research at UFG.
[Via emergingmarkets.me]
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.
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.
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