Transaction Reports Baring Vostok Capital Partners
Baring Vostok Capital Partners launches Baring Vostok Private Equity Fund V, L.P. and Baring Vostok Fund V Supplemental Fund, L.P
Equity firm Baring Vostok Capital Partners has raised $1.5 billion of commitments to its fifth Russian- focused private equity fund, consisting of Baring Vostok Private Equity Fund V, L.P. and Baring Vostok Fund V Supplemental Fund, L.P.
Moscow-based Baring Vostok, headed by former banker Michael Calvey, Alexey Kalinin and Elena Ivashentseva, has attracted $1.15 billion for its fifth main fund, Baring Vostok Private Equity Fund V LP, and $350 million in an additional fund, which would invest in major projects.
With $1.5 billion the fund had reached the limit of investor pledges, or hard cap, Calvey told Bloomberg. “Many investors view Russia principally through what they read or see in the news, which is mostly about politics,” Calvey said. “The investors who dig deeper and visit the country can see for themselves the dynamic business
environment and high quality of local entrepreneurs.” Baring Vostok is also interested in projects in CIS countries, such as Ukraine and Kazakhstan, he added.
The Baring Vostok funds have made a number of bellwether investments in Russian companies over the years. With over $500 million pumped into the Internet/software/media/telecom segment, for example, the funds now own stakes in the leading Russian-language search engine, Yandex; e-commerce operator
Ozon.ru; outdoor advertising operator Gallery; media holding CTC Media; telecom operator Er-Telecom; broadband operator Enforta; online video service
ivi.ru; and others.
For the financial services sector, the Baring Vostok funds have ponied up more than $350 million and have holdings in Kaspi Bank, Europlan, TKS-Bank, Oriental Express Bank, First Collection Bureau and others.
Continental Nickel Limited IMX acquires Continental Nickel Limited
Continental Nickel Limited (TSX VENTURE:CNI) ("Continental" or "CNI") announces that it has entered into a second amending agreement with IMX Resources Limited ("IMX") in relation to the proposed arrangement with IMX. The amendment was implemented as a result of certain proposed Canadian tax changes and means that the common shares of Continental will be acquired under the Arrangement by IMX directly rather than by a wholly-owned subsidiary of IMX. No other changes to the Arrangement were made and shareholders will receive the same consideration directly from IMX.
Pursuant to the terms of the Arrangement, IMX has acquired all of the issued and outstanding common shares in the capital of Continental that it did not already own. Shareholders of Continental (other than IMX) received 3.7 ordinary shares in the capital of IMX and 0.5 of an ordinary share purchase warrant of IMX for each Continental share held.
The deal consolidated ownership of this project within a single corporate group. It also
124
www.finance-monthly.com
saw IMX list on the Toronto Stock Exchange whilst expanding its ASX listing to include the quotation of options. The acquisition was conducted pursuant to a plan of arrangement under Canadian law (similar to the Australian scheme of arrangement process), with scrip consideration provided by IMX.
IMX Resources Limited (ASX:IXR) is an ASX listed company headquartered in Perth, Western Australia. IMX is a mining and mineral exploration company with an iron ore mining operation in South Australia, and a pipeline of advanced exploration projects in Australia and Africa, focusing on iron ore, nickel, copper and gold.
Continental is focused on the exploration, discovery and development of nickel sulphide deposits in geologically prospective, but under‐explored regions globally. The Company's key asset is its 75% interest in the Nachingwea project in Tanzania. The project is a 75:25 joint venture between the Company and IMX Resources Limited. The Company also has an option to joint venture on the St. Stephen project in New Brunswick, Canada where the 2010-2012 diamond drill programs discovered new Ni‐Cu sulphide zones.
These announcements appears as a matter of record only
IMX acquires Continental
Nickel Limited Legal advisor to IMX: Baring Vostok Capital
Partners launches $1.5 billion Baring Vostok
Private Equity Fund V, L.P. and Baring Vostok Fund V Supplemental Fund, L.P
Bank provider:
Legal advisor to Baring Vostok Capital Partners:
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134