- Vladivostok, Russia
- 2001- 2007
- Controlling stake
- Sale to a strategic partner
The holding company has the leading position as Russia’s leading cement supplier for oil projects in Sakhalin and primary construction projects in Russia’s Far East.
The Funds sold their shares to Park Group from 2004 to 2007.
In the spring of 2000, the First NIS Regional Fund acquired a controlling share (60%) of Spasskcement, which was in a difficult situation due to low demand for cement and ineffective management.
Baring Vostok Private Equity Fund IV invested 50 million dollars to support further growth of Tinkoff Credit Systems (TCS).