UFG Private Equity, which is part of UFG Asset Management, has made several new investments after UFG Private Equity Fund II, together with management and certain minorities, acquired 100 percent stake in KinoStar cinema chain operator Rising Star Media from National Amusements last December.
UFG Private Euity Fund II, $200 million fund, acquired a minority stake in WiMAX telecom operator Enforta (Энфорта) in March 2010. The 15% stake was reportedly purchased from one of Enforta‘s founding investors, Sumitomo Corporation of Japan. Enforta investors also include Bessemer Venture Partners, Baring Vostok Capital Partners (BVCP) and EBRD. Founded in 2003, Enforta serves more than 32,000 corporate customers and 20,000 residential subscribers in 68 cities of Russia. It reported revenues of just under $50 million in 2009.
UFG Private Equity Fund II together with the European Bank for Reconstruction and Development (EBRD) invested in Russian Towers, which owns and operates telecommunication towers serving mobile operators and other radio-based operators. Russian Towers was founded by experienced professionals in the Russian telecommunications industry including Garth Self in 2009.
The investment portfolio of UFG Private Equity Fund II also includes Yandex, where UFG acquired a minority stake in August 2009.