Private equity fund Renaissance Partners, a part of Renaissance Group, sold nearly half of its share (before transaction owned about 4%) in the fund Digital Sky Technologies (DST; owns shares in social networks “Odnoklassniki.ru, Vkontakte” , portal Mail.ru). The buyer made the structure of a businessman Alisher Usmanov, who increased their share of DST from about 30% to 32%, writes the newspaper Kommersant.
The fact that Renaissance Partners’ sold about half its stake in DST, the publication reported two sources familiar with the details of the transaction. The buyer made the structure of a businessman Alisher Usmanov, said one of them. Representative Julia Usmanova Mazanova declined from commenting. Chapter DST Advisors Yuri Mil’ner Monday was unavailable for comment. The representative of the Renaissance Group Alex Karakhan confirmed that Renaissance Partners has sold part of its stake in DST, but refused to elaborate.
Renaissance Partners invests in such industries as metallurgy, telecommunications, electricity, etc. The amount of investment fund in August last year exceeded $ 1 billion. Financial reporting company is not disclosed. Owner – Renaissance Group.
Fund Digital Sky Technologies owns a controlling stake in an e-mail service Mail.ru, the control share holding in the game “Astrum” shares in social networks “Vkontakte.ru and Odnoklassniki.ru” in the instant payment ОСМП etc.
At the end of last week it was reported that DST Advisors, (fund manager DST), made the proposal the most popular social network Facebook in the western hemisphere to invest between 300 and 350 million dollars in preferred shares. Managing the company DST Advisors its main owners, former Director of the Criminal Code of “Concern” Oil “” Yuri Mil’ner and former executive director of NCH Advisors Gregory Finger.
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Categorized | Mergers & Acquisitions (IT)
Alisher Usmanov has increased the share of the Digital Sky Technologies
Posted on 01 June 2009
June 4th, 2009 at 5:02 pm
Original post by mattusximus