The Funds’ first investment in telecommunications was made in 1994 in FGI Wireless (which eventually became today’s Vimpelcom, one of Russia’s largest mobile telephony operators). The company was a pioneer in cellular network development in Russia. Since 1994, Baring Vostok funds have invested over $850 million in 30 companies in the internet, software, media, and telecommunications sector.
Center of Financial Technologies

Center of Financial Technologies

Leader in software solutions and processing services for financial and credit organizations in Russia and the CIS
Location:
Novosibirsk/Moscow, Russia
Year of the first investment:
2006
Size of share holding:
Large minority
Exit:
Unrealised

CFT is the leading Russian software developer for the financial sector, and one of the top five Russian companies to develop its own software. The company has for some years now enjoyed annual rates of revenue growth well above the market average, at around 30 per cent per year.

CFT is among the leading companies providing software for the investment industries and processing services across Russia and the CIS. Baring Vostok Private Equity Fund III became a shareholder of the company in 2006.

Other projects

News

19 February 2019

Media Statement.

Elena Ivashentseva, Senior Partner at Baring Vostok Capital Partners, took part in a session of the Russian Union of Industrialists and Entrepreneurs’ International Council for Cooperation and Investment. The ad hoc session of the committee was chaired by Alexander Shokhin to discuss the arrest of Michael Calvey and his colleagues.
18 February 2019

Press statement.

In light of recent events, Baring Vostok Capital Partners (BVCP) announces that it continues to conduct business as usual, and that Senior Partner Elena Ivashentseva and Co-Founder Alexei Kalinin have jointly taken on the responsibilities of leading BVCP.
17 February 2019

Press statement.

Baring Vostok Capital Partners comments on inaccurate media reports.
16 February 2019

Press statement on outcome of court hearing.

Yesterday the Moscow Bassmaniy Court extended its hearing to decide on pre-trial restrictions for Michael Calvey, while leaving him under detention for an additional 72 hours.
15 February 2019

MEDIA RELEASE.

Baring Vostok believes that the detention of its employees and the charges that have been brought are a result of a conflict with shareholders of Vostochniy Bank.
15 February 2019

MEDIA RELEASE.

Yesterday, four Baring Vostok employees, including Michael Calvey, were detained by authorities in Moscow.