Media: Luxembourg Fund at the time stopped the investment activity in the Russian Federation
The Luxembourg Fund Mangrove Capital Partners, whose portfolio are Internet companies KupiVIP and Oktogo, time stopped investment activity in the Russian market, writes on the last working day of the week, referring to one of the founders ABRT Venture Fund Ratmir Timashev.
Investors are concerned about the current political situation related to the conflict in Ukraine, and therefore the Fund until not looking for fresh projects in the country, said the interviewer edition. ABRT many times invested together with Mangrove, for example, in projects KupiVIP, Drimmi, HomeMe.
As said partner, Mangrove Capital Partners David Waroquier, some international Investors Fund Express concern about the current political situation, for this reason, the Fund has not disrupt care, hoping that the situation will be resolved as soon As possible.
Against continuing Mangrove Capital Partners in the Russian Federation has been a partner of the Fund, which is close to the European Bank for restoration and development (EBRD), said sources in the venture market. EBRD in July said about the impossibility of making new investments in Russia in the near future due to the disposal of all member States of the EU.
in the portfolio Mangrove 70 organizations, the volume of the Fund is $ 750 million. In Russia, the Fund has invested in online store KupiVIP, search engine Quintura, a developer of computer games Drimmi, as well as the online store HomeMe. EN. The latest deal in the Russian Federation Mangrove held in March 2013, having participated in the investment round eleven million dollars in service for booking hotels Oktogo. The major part of Oktogo then provided controlled by the state Bank VTB VTB Capital Fund.
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