Media Statement.
Today the London Court of International Arbitration (LCIA) agreed with Baring Vostok’s claim that its dispute with Finvision should be heard in London arbitration.
Projects
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.
- Location:
- Moscow, Russia
- Year of initial investments:
- 2015
- Shareholding:
- Minority stake
Profi.ru holds a number of leading Russian online marketplaces for freelancers and small businesses in healthcare, beauty, sports, driving and tutoring, which are now consolidated at the Profi.ru brand, offering services to internet and mobile users in all major cities in Russia, Ukraine and Kazakhstan.
Other projects
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Revo Technologies
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Проект завершенFGI Wireless
Pioneer in cellular communications in Russia. First Russian company to conduct an international IPO in 1996 (as Vimpelcom) -
ER-Telecom
Leading regional telecommunications operator providing consumer broadband and cable TV services -
AVITO.RU
Online classifieds service -
Center of Financial Technologies
Leader in software solutions and processing services for financial and credit organizations in Russia and the CIS -
Kolesa/Krisha
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Проект завершенElectro-Com
First operator in the Russian market of telecommunication services providing consumers with access to Internet, telephone and digital television through electric networks. Fully exited in 2012 -
Skyeng
Online education platform, which specializes in English teaching -
1C
Leader in accounting software solutions -
Enforta
Leader in the Russian market of wireless broadband Internet access