A consortium of investors led by Da Vinci Capital Partners, Insight Capital, Alpha Associates and Runa Capital has invested $45 million for a minority stake in B2B-Center.ru, the leading online procurement platform in Russia.
This cash-out deal valued the company at an approximate $160 million, company founder Alexander Boyko told Russian business daily Vedomosti last week. The investors acquired a 19% stake from Boyko himself and another 15% from Russkie Fondy (“Russian Funds”), an early investor in the company.
Mail.ru Group is currently holding talks to sell its 15% stake in the company, Vedomosti also reported, citing sources “close to the involved parties.” The group declined to comment on this report.
B2B-Center’s daily trading volumes are between $70 and 300 million, with the average transaction amounting to approximately $700,000. The marketplace claims it carries out over 80% of B2B electronic trading in Russia, attracting of 89,000 clients from 79 countries.
