Elbrus Capital

Elbrus Capital Funds are CIS-focused private equity funds with US$1 billion of assets. Since the establishment of the first fund in 2007, Elbrus Capital Funds have made over 90 acquisitions. The funds focus on investments in leading Russian and CIS companies looking for further growth and consolidation opportunities. The funds seek to acquire controlling or significant minority equity stakes in fast-growing businesses, and partner with entrepreneurs who have the ambitions to take their business to the next level of development. Since the foundation, Elbrus Capital Funds have invested in 18 platforms across different industries, including the leading players in the digital area (HeadHunter, Mail.ru Group, CIAN Group), FMCG (Great Beer Holding), outsourcing and logistics (DPD Russia, PickPoint, OSG Records Management, Intercomp), private healthcare (National Medical Network), media (UTH, Vyberi Radio) and others.
IA

Irek Akhunianov

VP

DA

Dmitry Antipov

Partner

MB

Mikhail Bekker

Director

NK

Nail Khabibullin

Senior Associate

KK

Kirill Kondratyev

Associate

EK

Evgeny Koudryavtsev

Director

DK

Dmitri Krukov

Managing Partner

VM

Valentin Mashkov

Partner

SP

Sergey Panarin

VP

Alexander Savin

Senior Partner and Co-Founder

YS

Yan Stirmanov

Associate

27 past transactions

STRELA Telecom

Acquisition in 2010
Strela Telecom provides broadband internet and cable TV services.

Moscow Brewing Company

Acquisition in 2016
Moscow Brewing Company is a beer and soft drinks manufacturer with annual sales of over 16 million hectolitres with leading market positions in Russia, and international beer and soft drinks markets. Product portfolio comprises several dozens of mainstream and craft beer brands, including Zhiguli and Khamovniki.

Rubbles

Venture Round in 2021
Rubbles is a leading Russian IT company specializing in developing solutions for optimizing key business processes of large businesses based on processing large data sets.

UTV Holding

Acquisition in 2007
UTV Holding is one of the fastest growing companies in the Russian telecom industry. Operates two national Free-To-Air TV channels U Channel and Disney Channel Russia, cable channel MuzTV and a group of 98 owned and operated regional TV stations in Russia.

DPD group

Acquisition in 2012
Parcel carrier DPD UK has teamed with a technology investment fund to launch a new accelerator programme supporting entrepreneurs looking to improve the delivery business.The eight-week programme will see ten teams receiving mentoring from industry entrepreneurs, access to DPD parcel data, as well as £12,500 in initial funding and access to £100,000 in long-term funding.The firms said their programme comes as parcel carriers face increasing pressure to innovate more quickly, in order to meet customer demands in the booming e-commerce sector. Source: [postandparcel.info](http://postandparcel.info/63741/news/it/dpd-launches-innovation-accelerator-programme-in-uk/)

Blesk InCare

Acquisition in 2011
Blesk InCare is a leading textile rental service company and contract laundry processor for linen used in hotels, restaurants, hospitals and a wide range of industries and organizations. Beside that, Blesk InCare is the biggest dust control mat service provider in Russia. They run six industrial laundries in Russia and Ukraine

OSG Records Management

Acquisition in 2013
OSG Records Management provides document storage and management solutions worldwide. OSG provides total records management solutions worldwide. They have clients in every industry sector and over 40 years of experience to draw from.

Aviasales

Series B in 2021
Aviasales is the largest Russian travel metasearch engine allowing Russian consumers to find affordable flights and hotels at home and abroad. Since e-tickets finally made their way to Russia, Russian consumers realized that they didn't need to go to an airline's corner shop to buy a flight ticket: a visit to aviasales.ru and a credit card in hand were all that was needed. Aviasales also allows searching for cheap hotel rooms via an aggregation of 30 hotel OTAs. Aviasales is known as JetRadar in English- and German-speaking countries.

TransferGo Ltd.

Series C in 2021
TransferGo is a global money transfer company that supports migrant workers to send money back to their relatives without paying unnecessary bank fees. Through the company, migrants have the ability to transfer money overseas with the help of a digital account-to-account business model. As it is a licensed and authorized payment institution controlled by the FCA under the supervision of HMRC, the company is considered as a secure way of transferring money. Since it removes the costs of international transfers, TransferGo is a fit for businesses to pay their suppliers. It charges a fixed fee for transferring money as well as a 0.6% to 1.5% fee for the currency conversion per transaction.

Banki.ru

Private Equity Round in 2020
Banki.ru, according to all rating systems in Russia, is the number one bank information website which is profitable and growing rapidly. The Company was founded in 2005. Today, the Company focuses on building a database for deposit information, mortgages, credit cards, consumer loans, car loans, business loans and others. This is the key value proposition for the visitor as he does not need to search different websites but can find all the information he needs in one place. Users can send a request for all types of loans to the bank through the Banki.ru. The database is regularly monitored and updated every month. Banki.ru gives an opportunity to the visitors to write reviews about banks - Public Rating of Banki.ru, popular among Russians, consists of 30,000 clients' reviews. Banks in their turn quickly respond to the customers complaints in Public Ranking, solve their problems and answer the questions by means of Hot lines. Audience of Banki.ru is equal to over 1 million unique visitors per month. About 150-200 Russian banks place an advertisment on Banki.ru per year. In 2010 Russian investment fund Finam Capital invested Banki.ru, but its original founders still have a majority interest. In 2011 Banki.ru aquired Ukrainian site Banki.ua The auditor of the Company is Grant Thornton Russia.

Intercomp Global Services

Acquisition in 2013
Intercomp Global Services is a leading BPO provider in EMEA, and pioneer in the CEE and CIS regions. We offer extensive expertise and experience in accounting, HR administration and, in particular, payroll services. Clients from all industries have relied on Intercomp Global Services since 1994 for standardized multi-country payroll services. Delivering to over 500 clients (mostly Fortune 1000) varying from 1 to 14,000 employees across 25 countries and growing. We bring peace of mind, efficiency and cost savings to our clients with our centralized payroll model and platform.

YCLIENTS LLC

Series A in 2019
YCLIENTS is a cloud-based scheduling and business management software for local service businesses. Online scheduling allows an owner access to information about business work activity anytime and from anywhere. And it automatically forms customers database with future sending marketing messages.

PickPoint

Acquisition in 2012
PickPoint, Ltd. provides pick-up and delivery service for online orders from post offices. It caters to the e-commerce market. the company offers its service through an application. PickPoint, Ltd. was founded in 2010 and is based in Moscow, Russia.

Mail.Ru Group

Private Equity Round in 2007
Mail.ru Group was founded by Yuri Milner and is the largest Internet company in the Russian-speaking world. It is one of the largest Internet companies in Russia, and the world's seventh largest Internet business in terms of page views. Mail.ru Group operates two of the three largest Russian language social networking sites (Odnoklassniki.ru and Moi Mir@Mail.Ru), the two largest instant messaging networks in Russia (ICQ and Agent), Russia's leading email service, Russia's second largest Internet portal and Russia's largest online games company. Mail also holds strategic equity stakes of 32.49% in vKontakte, Russia's largest social networking site, and 25.09% in QIWI, formerly OE Investments, one of Russia's leading payment-processing companies. It also holds small minority stakes in Facebook, Zynga and Groupon.

Vyberi Radio

Acquisition in 2007
Vyberi Radio OOO owns and operates radio broadcasting stations. The company was incorporated in 2006 and is based in Moscow, Russia. Vyberi Radio OOO operates as a subsidiary of UTH Russia Limited.

SPSR-Express

Private Equity Round in 2012
OOO SPSR-Express provides express mail services in the Russian Federation and internationally. The company offers services for the express delivery of documents, mail, consignments, and cargoes. Its services include direct mailing, customs clearance, and the delivery of consignments by special vehicles; and special solutions for remote trading companies. The company also develops special individual solutions adjusted for customer's business. It offers its services through branches and representative offices in the Russian Federation. The company was founded in 2001 and is based in Moscow, Russia. As of May 30, 2017, OOO SPSR-Express operates as a subsidiary of DPD in Russia.

Active Component

Series B in 2018
Acticomp is one of the few domestic manufacturers of active pharmaceutical substances in the Russian market. They have been successfully working on the market for more than 10 years, and during this time the image of a bona fide manufacturer and reliable partner has been firmly established for us.

B2B-Center

Private Equity Round in 2013
B2B-Center is the operator of a major e-procurement marketplace in Russia. B2B-Center platform enables businesses both to sell and purchase products and services, thus extending sales channels for suppliers and improving sourcing and procurement efficiency. Daily contracts value on B2B-Center is between USD $70-300 mn, with an average transaction amount of USD $200,000. As of today, more than 80% of the business sector's e-trade in Russia takes place on B2B-Center, of which the clients are over 343,000 companies from nearly 100 countries.

Busfor sp. z o.o.

Series B in 2016
Busfor streamlines the bus transportation industry by developing technological solutions that connect bus operators and carriers with online and offline customers. Having acquired and managing inventory from over 7,000 operators, Busfor provides passengers with a convenient way to search, compare and purchase tickets at the Busfor website, mobile app or through more than 600 partners.

Chefmarket.ru

Series A in 2016
Cooking was never so easy and fun before! We put together and deliver everything you need to cook delicious meals at home. All you need to have in your cupboard is: salt, pepper, a good cooking and olive oil. All the rest you get from us in the quantities you need. Subscribe or get a trial delivery without subscription for a weekly delivery of fresh ingredients with photo-recepies for your dinners. Each week we deliver to your door new recipes so that you would never get bored at your kitchen. We are the leaders of this business segment in Russia. We collaborate with major magazines and chefs. Visit us on www.chefmarket.ru (the web-site is available so far only in Russian) and get some awesome food done by your own hands!

Busfor sp. z o.o.

Venture Round in 2017
Busfor streamlines the bus transportation industry by developing technological solutions that connect bus operators and carriers with online and offline customers. Having acquired and managing inventory from over 7,000 operators, Busfor provides passengers with a convenient way to search, compare and purchase tickets at the Busfor website, mobile app or through more than 600 partners.

HeadHunter

Acquisition in 2014
HeadHunter is a website that helps companies find employees, and job seekers find suitable job opportunities. It provides online recruitment services in Russia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Lithuania, Latvia, and Estonia. HeadHunter was launched in 2000 and is based in Moscow, Russia.

CIAN Group

Acquisition in 2015
Cyan - this is the most convenient way to search for property or exact address on a map, taking into account all the parameters of interest to you. If you need to rent an apartment - you can use the base CIAN.RU! It is thousands of actual announcements of sale or rental of real estate in Moscow and across Russia, the new ads appear every day. Buy an apartment in Moscow - just as housing is proven to CIAN.RU!

UNITED CATERING GROUP

Acquisition in 2011
UCG is a catering business, servicing business centers and industrial sites across 90 locations in Russia.

National Medical Network

Acquisition in 2012
A network of private clinics in the regions of Russia. Currently manages 27 clinics in 5 cities. The company was created as a result of a buy-and-build strategy in this segment. It provides financing to support its growth in the local markets and drives operational efficiencies in the local businesses.

SPSR-Express

Acquisition in 2012
OOO SPSR-Express provides express mail services in the Russian Federation and internationally. The company offers services for the express delivery of documents, mail, consignments, and cargoes. Its services include direct mailing, customs clearance, and the delivery of consignments by special vehicles; and special solutions for remote trading companies. The company also develops special individual solutions adjusted for customer's business. It offers its services through branches and representative offices in the Russian Federation. The company was founded in 2001 and is based in Moscow, Russia. As of May 30, 2017, OOO SPSR-Express operates as a subsidiary of DPD in Russia.