M&A

Russia Partners sells US startup with Ukraine-based IT team to Japan’s Rakuten

September 23, 2014

Earlier this month Russia Partners, the Moscow-based private equity affiliate of global alternative investment firm Siguler Guff & Company, announced that Rakuten acquired Slice, a portfolio company in its technology fund. The details of the deal have not been revealed. Over the past few years, the Japanese online retail company has invested several billion dollars in …

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Mail.ru Group takes over Vkontakte: The happy end of a 3-year financial, legal and political saga

March 15, 2022

Yesterday, Mail.ru Group, the LSE-listed Russian Internet giant, announced it now fully controls Vkontakte (VK.com), the leading Russian language social network with over 250 million registered accounts and 60 million daily users. The group, which already owned 52% of the company, bought the remaining 48% stake from UCP, the Russian investment fund that had become a …

Mail.ru Group takes over Vkontakte: The happy end of a 3-year financial, legal and political saga Read More

Yandex acquires ad tech platform ADFOX

September 15, 2014

Last week Yandex, the Russian search giant, announced the acquisition of ADFOX, a Russian technological platform for ad serving, independent statistics and advertising campaign analysis. The terms of the transaction have not been disclosed. Founded in 2005, the platform enables advertisers to place banners, mobile ads, videos and other popular formats. ADFOX claims to serve more than …

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Wikimart.ru raises $40 million from domestic investors after failing to attract foreign VCs

September 10, 2014

Wikimart, a major Russian B2C marketplace, has agreed a capital increase with a group of Russian investors, including Finprombank chairman Anatoly Goncharov. The news was revealed last week by business daily Kommersant and confirmed to East-West Digital News by Wikimart’s press service. The $40 million capital injection will be used in part to acquire Terminal.ru, a …

Wikimart.ru raises $40 million from domestic investors after failing to attract foreign VCs Read More

Mail.ru Group in talks with UCP to fully acquire Vkontakte

September 8, 2014

Russia’s largest social network, Vkontakte, may soon go under the full control of the Mail.ru Group, which is controlled by Kremlin-friendly oligarch Alisher Usmanov via his holding USM Holdings. Negotiations regarding the acquisition of the remaining 48% ownership from investment fund UCP, headed by Ilya Sherbovich, are in the final stages, according to people close …

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Lamoda.ru merged into multibillion dollar global fashion e-commerce group

September 5, 2014

Swedish investment fund Kinnevik, German incubator Rocket Internet and other co-investors announced yesterday an agreement to form a new global fashion e-commerce group by combining five leading businesses across the world. These include Dafiti (Latin America), Jabong (India), Lamoda (Russia & CIS), Namshi (Middle East) and Zalora (South East Asia & Australia). Christened Global Fashion …

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Online education companies Netology and Foxford merge and raise $1.1 million from InVenture Partners

April 2, 2017

Netology, a major Russian online education platform offering courses in the fields of Internet business, web development and e-commerce, has merged with Foxford (previously 100EGE.ru), a provider of online courses for secondary school students, under the “Netology Group” brand. The merged companies have received a $1.1million capital injection from InVenture Partners, a Russian fund that …

Online education companies Netology and Foxford merge and raise $1.1 million from InVenture Partners Read More

Acronis acquires Runa Capital’s stake in Dutch cloud backup solution provider BackupAgent

September 2, 2014

Runa Capital, a global venture capital firm operating from Russia and California, has sold its minority stake in cloud backup solution provider BackupAgent to Acronis, an international provider of data backup software and disaster recovery solutions. The terms of the deal have not been disclosed. “Becoming part of Acronis supports BackupAgent’s vision of becoming the …

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Mail.ru Group paid $345 million for its 12% stake in VKontakte

August 25, 2014

In its accounts for the first half of 2014, Mail.ru Group has disclosed the sum it paid in April of this year to Ivan Tavrin for 12% of VKontakte, Russia’s leading social network also known as VK.com. The stake cost the group around $345 million, valuing the company at almost $2.9 billion. The LSE-listed Internet group thus owns 52% …

Mail.ru Group paid $345 million for its 12% stake in VKontakte Read More

Russia’s Quadro Capital Partners and Forex Club to invest $200 million in international online trading

August 22, 2014

Earlier this week Russian venture fund Quadro Capital Partners (FXC-QCP VC) and online trading service provider Forex Club announced investment plans in the field of Internet trading on the international stock market. The target geography includes Russia, Ukraine, other states of the former Soviet Union, and Europe. The total volume of investments could reach up to $200 million, a Forex Club …

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Russian publishing company T8 raises funds and prepares for IPO to finance ambitious print-on-demand project

August 7, 2014

Moscow-based company T8 Publishing Technologies is planning to invest no less than 6 billion rubles (approximately $170 million) in an ambitious print-on-demand project, the Moscow authorities announced last week. The company claims it has acquired rare printing equipment that, combined with a special electronic publication platform, enables profitable printing of any quantity of copies – …

Russian publishing company T8 raises funds and prepares for IPO to finance ambitious print-on-demand project Read More

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