M&A

Hearst Shkulev Media acquires regional online media network Rugion

June 17, 2015

Hearst Shkulev Media (HSM), a major Russian media group co-owned by Hearst Corporation, has acquired a controlling stake in Rugion, a network of city sites across Russian regions, in a bid to strengthen its existing regional activities. No details of the transaction have been disclosed, but Russian business daily Vedomosti learned from “a source close to one of …

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Qiwi acquires payment operators Contact and Rapida

May 18, 2015

Yesterday Qiwi, a major, NASDAQ-listed Russian payment operator, announced the full acquisition of SAER, a holding company that owns the Contact money transfer system and the Rapida payment processing system. Under the terms of the agreement, QIWI will issue 5,593,041 class B shares to the current owner, Russian financial group Otkritie. Based on Qiwi’s current stock price on the …

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KupiVIP acquires footwear retailer Sapato.ru

February 25, 2016

KupiVIP, a major Russian online fashion group, announced today the acquisition of footwear retailer Sapato.ru and its 6-million client base from the Ozon group. “The acquisition will help KupiVIP strengthen its position by significantly expanding its client base and product assortment,” KupiVIP stated. The acquirer also expects to benefit from Sapato’s “deep expertise in international purchases in …

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Ulmart founder and CEO Sergey Fedorinov: “The context might change for the better before our potential IPO”

February 25, 2016

Starting from scratch in 2008, Ulmart took just five years to assert itself as the leading Russian e-commerce site, generating $1.3 billion in revenues last year in a domestic market that reached or exceeded $17 billion. In spite of the current economic downturn in Russia, Ulmart expects continued growth this year and considers a Western …

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Net Element acquires PayOnline to “cover all methods of online and mobile payments in Russia”

February 25, 2016

Earlier this month Net Element, a NASDAQ-listed provider of mobile payment and value-added transactional service and solutions in Russia and in the United States, announced the acquisition of Russian Internet payment service provider (IPSP) PayOnline. The deal amounted to some $8 million, reported online tech portal CNews.ru, referring to SEC documents. The closing is still …

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Mail.ru Group says headhunter sale in doubt as Russia’s recession dampens revenue growth

February 26, 2016

Russian Internet group Mail.ru said on Thursday the sale of its recruitment site might not be completed after the company saw an economic downturn constrain ad spending. The company expects revenue growth of 7-12 percent after 14.8 percent last year that included the results of the VKontakte social network on a pro forma basis, it said in a statement.

Russian fintech fund Life.Sreda acquires Southeast Asian mobile acquiring startup iboxPro

February 26, 2016

Life.Sreda, a Russian fund investing in financial and mobile technologies, has acquired iboxPro, a leading Asian mobile point-of-sale service, and intends to merge it with its Russian portfolio company LifePay. The details of the transaction have not been disclosed, but an unnamed source told business daily Kommersant that it amounted to “up to $10 million.”

Yandex purchases software tool for taxis

March 2, 2017

Yandex is purchasing Ros.Taxi, a software program for the management of taxis. It allows taxi businesses to take orders, coordinate and lead the work of drivers. Included within the Ros.Taxi brand is a mobile application called Taximeter, which determines the cost of a journey and provides drivers communication with dispatchers. Together with Yandex.Taxi – an …

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Austria’s S&T AG announces major Russian investment plan

April 15, 2015

The board of directors of Austrian IT-provider S&T AG has approved an investment plan which will see it pump tens of millions of euros into Russian companies in 2015. The plan was announced by S&T Vice-President Alexander Malshakov, responsible for the company’s business in Eastern Europe. S&T AG plans to buy several Russian IT companies, …

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Richard Branson’s Virgin Connect buys Moscow region broadband triple-play operator

March 1, 2016

Trivon AG, the Switzerland-based company which does business through its subsidiaries under the Virgin Connect brand in Russia, has acquired 75% of  Speedyline, a triple-play operator operating in the Moscow region. Trivon has also got the option for the further purchase of the remaining 25%. The deal was completed in December, but announced only last week. …

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Elbrus Capital acquires minority stake in realty classifieds group Cian

March 1, 2016

Elbrus Capital, a major private equity business operating in Russia and neighboring countries, has acquired a minority stake in Cian Group, a major player on the Russian online realty classifieds market. The deal included both the sale of existing shares and a subscription for new shares. The amount of the investment and the size of the …

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Rostelecom to acquire major data center and Internet infrastructure company

March 1, 2016

Rostelecom, Russia’s national telecom operator, announced yesterday the acquisition of a majority stake in SafeData (LLC Data Storage Centre), a leading operator of commercial data centers, traffic exchange services and content delivery. In a first stage, Rostelecom will acquire a 5.4% stake in LLC Data Storage Centre for 104.2 million rubles (approximately $1.6 million at …

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