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Archives for May 2008

Mail.ru Founder Secures $4 Million Funding For DataArt

Files under: News
Posted by: Quintura @ 13:56 [29. 05. 08]

The London-based Tower Gate Capital together with a Russian hedge fund and New York-based Third Millennium Russia Fund invested $4 million in DataArt, a high-end software outsourcing provider with development centers in Russia and the Ukraine. The company said it would add $2 million to the round in the near future. 11-year old DataArt is [...]

CME Acquires Czech Blogging Business Blog.cz For Over $10 Million

Files under: News, Web 2.0
Posted by: Quintura @ 22:32 [27. 05. 08]

The leading Central and Eastern European TV broadcasting company Central European Media Enterprises (CME) acquired the leading blogging business in the Czech Republic, Blog.cz, and its parent company Jyxo for a total of up to $12.5 million in cash from the founder Michal Illich and Centralway Investment AG. The Czech Internet advertising market is expected [...]

LiveJournal’s Ukrainian Partner Valued At $300 Million in Frankfurt

Files under: News
Posted by: Quintura @ 13:30 [27. 05. 08]

The Ukrainian media group United Media Holding (UMH) has completed placement of a 15% equity stake for $45 million, valuing the company at $300 million. The company’s shares were listed on the Frankfurt Stock Exchange. UMH became the first Ukrainian company to list on a foreign stock exchange. The Ukrainian investment bank Concorde Capital acted [...]

Russian Private Equity Firm Invests In Italian WiMAX operator

Files under: Mobile, News
Posted by: Quintura @ 19:28 [23. 05. 08]

The Russian private equity firm ICON Private Equity together with Goldman Sachs and consortium of private investors acquired a majority stake in AriaDSL, an Italian telecom operator that holds WiMAX licenses to operate across Italy for $100 million from the Israeli billionaire Davidi Gilo, reported business daily Vedomosti. Each investor paid approximately one-third of the [...]

Mangrove Capital Bets On Russian In-Game Advertising

Files under: News, Web 2.0
Posted by: Quintura @ 11:02 [22. 05. 08]

EnterMedia, a leading Russian in-game advertising company raised equity capital from Mangrove Capital Partners and ABRT Fund, announced Mangrove‘s Managing Director Mark Tluszcz at a press conference in Moscow today. Mark did not disclose amount of investment that is estimated to be over $1 million. He pointed to a “depth of technology skills in Russia” [...]

Naspers Co-Owned Mail.ru To Do IPO At $2 Billion Value in London

Files under: News, Tech
Posted by: Quintura @ 09:59 [21. 05. 08]

The largest Russian free web mail provider and portal Mail.ru is expected to do an initial public offering (IPO) of shares in London in 2008 that would value the company at $2 billion, reported business daily Kommersant today. It is said that the company is discussing IPO terms with the banks Citibank, Goldman Sachs and [...]

Yandex To Raise Up To $2 Billion at IPO In Fall 2008

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 23:36 [20. 05. 08]

The leading Russian search engine Yandex is expected to raise up to $2 billion at initial public offering (IPO) of shares in New York in the upcoming autumn based on the company’s preliminary valuation of $5 billion, according to Reuters. Yandex is said to have mandated the investment banks Morgan Stanley, Deutsche Bank and Renaissance [...]

EPAM Raised $50 Million To Acquire Software Developers

Files under: News
Posted by: Quintura @ 14:05 [20. 05. 08]

The private equity groups Renaissance Investment Management and Da Vinci Capital co-led a $50 million investment in EPAM Systems, the largest software development outsourcing services provider in Eastern Europe and Russia. Euroventures of Hungary also participated in the round. The leading Russian investment bank Renaissance Capital acted as a sole advisor on the transaction. EPAM [...]

Virgin Enters Russia Via Virgin Connect, Invests in WiMAX Operator Trivon

Files under: Mobile, News
Posted by: Quintura @ 01:29 [16. 05. 08]

Virgin Group together with two private equity firms Delta Partners and Eurasia Capital Management (ECM) have made an undisclosed investment into Trivon, a fixed wireless operator with WiMAX licenses to operate across Russia. All three new shareholders own significant stakes in Trivon co-investing with existing business angels and the management team. Trivon launched on May [...]

Yandex Tops Yahoo! and Microsoft in Europe

Files under: News, Web 2.0
Posted by: Quintura @ 06:49 [12. 05. 08]

The leading Russian search engine Yandex was ranked 3rd in Europe ahead of both Yahoo! Sites and Microsoft Sites with 528 million or 2.2 percent of European searches in March 2008, according to a study of European search rankings from comScore. In spite of Google‘s dominance in Europe with 19.4 billion searches or 79,2 percent [...]