- Moscow, Russia
- Year of initial investments:
- Controlling stake
The company started out in 1999 in Rostov-on-Don, when a group of professionals in small business financing established a regional firm providing equipment leasing. The same year, the company opened offices in Moscow, St Petersburg and Ekaterinburg. Baring Vostok Private Equity Fund purchased the company in a management buyout (MBO) in November 2003.
Baring Vostok Private Equity Fund IV invested 50 million dollars to support further growth of Tinkoff Credit Systems (TCS).