Svarog Capital Advisors

Svarog Capital Advisors is a prominent private equity firm based in Moscow, Russia, with over $500 million in assets under management. Established in 2003 as Renova Capital, it underwent a management buy-out in 2007, adopting its current name. The firm focuses on investing in companies across various sectors, including retail, fast-moving consumer goods, transportation, telecommunications, financial services, information technology, media, biotechnology, and alternative energy. Svarog Capital Advisors emphasizes equity financing for industry leaders with strong growth potential and aims to enhance value through market expansion, geographic diversification, and consolidation of fragmented industries. Since its inception, the firm has invested in 13 companies, achieving an aggregate transaction value exceeding $460 million.

Mikhail Stukalo

Partner

Oleg Tsarkov

Managing Partner

Alexander Vekselberg

Partner

Evgeny Rudakov Ph.D

Partner

5 past transactions

Competentum Group

Private Equity Round in 2008
Competentum Group is an international educational content services company specializing in e-learning solutions. Founded in 1993 and headquartered in New York, with an additional office in Issaquah, Washington, Competentum is recognized as a leader in the Russian e-learning industry while also operating in the U.S. market. The company offers a diverse range of services, including Learning Management Systems (LMS) tailored for corporate and academic clients, as well as the development and distribution of the e-learning solution "ShareKnowledge." Competentum is actively expanding its portfolio of e-courses to serve both corporate clients and educational institutions. The company has established partnerships with significant organizations in the CIS region, such as Vimpelkom, Lukoil, and Uralsib, and collaborates with prominent academic clients, including the Ministry of Education and Science of Russia. Competentum's international reach includes affiliations with major educational publishers like Cengage Learning, Plato Learning, McGraw-Hill, and Pearson.

Polair

Private Equity Round in 2008
Polair is one of the largest commercial refrigeration equipment producers in Russia. Its business has growing in the last few years driven primarily by the booming demand from the retail industry. Polair's production plant is located in the autonomous district of Mari El (Volga Region). A highly automated production process and considerable unloaded capacity provide both fast growth and cost efficiency. The company produces several product lines (refrigeration cabinets, monoblocks, split systems, cold rooms, etc) and is an undisputed leader in two segments of the Russian market - closed refrigeration cabinets and monoblocks. Polair has a geographically diversified dealer network across the whole of Russia and has already started a footprint expansion into the CIS market.

PROMT

Private Equity Round in 2008
PROMT is a provider of automated translation software. PROMT offers translation solutions for the home and business usage as well as for Internet and corporate intranets. PROMT provides machine translation for seven languages: English, German, French, Spanish, Portuguese, Italian and Russian, with a total of 24 translation directions for over 100 specialized domains.

The Auto Plus Group of Companies

Private Equity Round in 2008
Auto Plus is one of the leading autodealers in the Urals region. The company started operations with Russian car sales and foreign car repair in 1995. In 2004, taking advantage of the booming Russian car market, the company became an authorized dealer of several international car manufacturers and since then has opened a number of modern sales and service centers. Auto Plus is an authorized dealer of Toyota, Lexus, and Audi in Yekaterinburg city and the Sverdlovsk region (the federal district of the Urals). The company runs 4 new modern dealerships and one for used car sales and repair. Today, Auto Plus is the only official dealer of Audi and Lexus in Yekaterinburg and the only dealer of Lexus in the Sverdlovsk region.

SPSR Express

Private Equity Round in 2007
SPSR Express is a provider of express mail services in Russia and internationally, offering a comprehensive range of solutions for the delivery of documents, mail, consignments, and cargo. Founded in 2001 and headquartered in Moscow, the company specializes in express delivery and also provides customs clearance services. SPSR Express caters to various customer needs by developing tailored solutions for businesses, including those engaged in remote trading. Utilizing advanced technologies, the company ensures efficient delivery of items of all sizes, from small packages to oversized cargo, through its extensive network of branches and representative offices across the Russian Federation. As of 2017, SPSR Express operates as a subsidiary of DPD in Russia.
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