M&A

Russian Sistema invests €2.6 million in Lithuanian drone operator for power networks

August 16, 2017

Sistema Finance, a subsidiary of the Russian conglomerate AFK Sistema, has paid €2.6 million to acquire a 50% stake in a Lithuanian drone operator. Laserpas provides surveillance and high-precision monitoring solutions for large power line operators worldwide. The company employs electric- and petrol-powered long-range unmanned aerial vehicles (UAV) to gather considerable volumes of data “at an unprecedented …

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Yandex and Sberbank agree $500 million JV plan to create “leading e-commerce ecosystem” in Russia

August 14, 2017

Yandex, the NASDAQ-listed Russian search giant, and Sberbank, Russia’s state-owned national savings bank, announced today their plans to join forces and create “a leading e-commerce ecosystem” based on the Yandex.Market e-commerce marketplace. The deal, if confirmed, would mark the biggest e-commerce investment in Russia’s history. According to a non-binding term sheet — which will ultimately be …

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Uber and Yandex.taxi announce plans to merge in Eastern Europe into a $3.7 billion company

December 21, 2017

Yandex.Taxi, the taxi service of Russian Internet giant Yandex, and Uber have agreed to merge their businesses in Russia and neighboring countries Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. Should it receive regulatory approvals the transaction is scheduled for completion in late 2017, stated Yandex. [Update: the merger was cleared in Nov. 2017] “This deal is a testament …

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Yandex acquires regional car classifieds sites from Hearst Shkulev Digital

July 11, 2017

Auto.ru, one of the leading online auto classifieds sites in Russia, and its owner Yandex, have agreed a “strategic partnership,” with Hearst Shkulev Digital, a leading publishing house in Russia, as reported by the Russian business daily Kommersant last week. As part of the deal, Yandex is acquiring HSD’s car classifieds sites across Russian regions. These include E1.Auto …

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Russian fund makes 1,600% ROI from Chinese acquisition deal

May 31, 2017

Russia’s VTB Capital Asset Management claims to have made a 1,600% return on investment (“up to 15 times”) as a result of the recent acquisition of Grid Dynamics, a provider of advanced software development services, by China’s Automated Systems Holdings Limited (ASL). Launched in 2006, Grid Dynamics has asserted itself as a major international provider of technology …

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Sberbank acquires medical appointment startup DocDoc to build “a full-fledged e-health platform”

May 28, 2017

Sberbank, Russia’s national savings bank, has acquired a controlling stake (79.6%) in DocDoc.ru, a startup that helps users find doctors and set up medical appointments across 14 Russian cities. The details of the deal have not been disclosed, but the bank has specified that the remaining shares belong to the founding and top management teams — which …

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Mail.Ru Group acquires car classifieds site Am.ru

May 6, 2017

Earlier this week Mail.Ru Group, a leading, LSE-listed Russian Internet group, and Rambler&Co, Russia’s fourth Internet group in terms of audience, announced the acquisition of Am.ru by Mail.Ru Group. The deal, an all-cash acquisition of $10 million, is expected to be closed imminently. The Am.ru team, including its founder Oleg Golubtsov, will join Mail.Ru Group to develop the business further. Am.ru is …

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3 deals in 6 months: Mail.Ru Group consolidates Russian food delivery market

May 2, 2017

Today the LSE-listed Russian Internet group Mail.Ru Group announced the acquisition of food delivery startup ZakaZaka. This is an all-cash transaction which values ZakaZaka at $20 million. Signed on April 28, the deal is not subject to any third-party approvals. With 2,600 connected restaurants and 126,000 orders in March 2017, ZakaZaka claims to be the number two …

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Mail.Ru announces $100 million global investment program in online gaming

December 4, 2018

Today Mail.ru Group, an LSE-listed Russian Internet company, announced the creation of ‘Mail.Ru Games Ventures’ (MRGV), a new division to invest in game development, technology and marketing worldwide. “Up to $100 million” is allocated to this investment program, of which $10 million has already been spent for the first deals, which have not been disclosed. The group targets “accomplished game studios …

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Qiwi buys e-CRM startup Flocktory for $14 million

March 26, 2017

Qiwi, a major, NASDAQ-listed Russian electronic payment operator, is in the process of acquiring Flocktory. Founded in Russia in 2012, this startup has developed a SaaS platform for customer lifecycle management and personalization, and operates internationally from its Moscow and Madrid offices. Based on data collection and analysis, Flocktory’s automated marketing solutions are intended, in particular, for the …

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Intel’s acquisition of Soft Machines confirmed; Russian state-backed funds exited with profit

March 3, 2017

Intel has acquired Soft Machines, a Santa Clara-based chip designer operating in the USA, India and Russia. The US corporation bought the stakes of the existing investors, which included two Russian state-owned corporations, the fund of funds RVC and nanotech giant Rusnano, along with AMD, Samsung and other companies. Revealed by the media in September last year, the deal …

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