Deals

  • N 6 May 2013

    Qiwi raises $244.4 m at IPO

    Qiwi raises $244.4 m at IPO

    Russian instant payment operator Qiwi has raised $244.4 million at NASDAQ initial public offering. The IPO consisted of 12.5 million American depositary shares at $17 a piece. As result of the offering, investors estimated Qiwi at $884 m.

  • N 25 April 2013

    Yuri Milner revealed as German business incubator's major investor

    Yuri Milner revealed as German business incubator's major investor

    A presentation from Rocket Internet, a German business incubator, reveals Yuri Milner as one of the company's principal investors. The presentation, found by the German Manager Magazine, was made for future investors, and lists Rocket Internet's current shareholders. The entrepreneur is best known as co-founder of Russia's Mail.Ru Group digital empire.

  • N 18 April 2013

    Co-founders sell 48% VKontakte stock

    Co-founders sell 48% VKontakte stock

    Two co-founders of VKontakte social network have sold their shares in the company to United Capital Partners fund. Vyacheslav Miramishvili parted with his 40%, and Lev Leviev - with 8% of VK's stock.

  • N 29 March 2013

    Major Internet media groups announce merger

    Two major Russian Internet media groups, SUP Media and Afisha-Rambler United Company, have announced creation of a partnership. The new company will have the third-largest audience on the Russian Internet, an official press-release stated.

  • N 27 March 2013

    Ostrovok online booking site raises $25 m

    Ostrovok.ru, an online hotel booking serviced, has raised $25 m worth of investment, becoming the leading company in the travel segment in terms of outside funds.

  • N 18 March 2013

    Yandex reveals SPO share price

    Yandex reveals SPO share price

    Leading Russian search engine Yandex has announced the price of its stock at the forthcoming SPO will be $22.75 per share. Yandex had earlier said it would sell 7.4% of its shares. The portfolio for sale is thus estimated at $551.78 m.

  • N 12 March 2013

    Naspers unites classifies ads services under Avito brand

    Naspers unites classifies ads services under Avito brand

    The South African Naspers will now partner with the Swedish Avito Holding in Russia, uniting three online classified advertisment sites under the Avito brand. Naspers' two services, OLX and Slando, will gradually become part of Avito. The transition is to be completed in May.

  • N 1 March 2013

    Alisher Usmanov sells Mail.Ru stake

    Ardoe Finace, part of Alisher Usmanov's empire, is placing 15.5 m shares (7.4% charter capital) in Mail.Ru Group, in the form of GDRs. The sale is facilitated by Morgan Stanley.

  • N 25 February 2013

    Runa Capital invests $8 m in mobile payment service

    Runa Capital venture fund has sealed the biggest deal in its history, investing $8 m in uBank, a mobile payment service system. Details on Runa's share in the project were not made public, but it is likely to be a minority stock. uBank stated it would spend the raised money on the service's further development in Russia and neighbouring nations.

  • N 18 January 2013

    Cisco acquires minor stock in Parallels

    Cisco acquires minor stock in Parallels

    Cisco has acquired minor stock in Parallels, Inc., a US-based virtualisation technology company with a Russian background. As a result, a Cisco representative will now hold an observer position on Parallels' board of directors. Official press release from Parallels Moscow office said the deal's aim was to "ensure business and technological cooperation between the companies, allowing them to provide cloud services to smaller and medium-sized companies". No details on the size of Cisco's share or the amount paid for it have been released.