Elbrus Capital is a private equity firm established in 2007 and based in Grand Cayman, Cayman Islands. The firm focuses on investments in companies across the Commonwealth of Independent States (CIS), targeting sectors such as healthcare, consumer products, consumer services, education, communications, software, and outsourcing. With approximately $1 billion in assets, Elbrus Capital has completed over 90 acquisitions, seeking to acquire controlling or significant minority equity stakes in rapidly growing businesses. The firm partners with entrepreneurs aiming to expand their operations and enhance their market presence. Elbrus Capital has invested in a diverse range of industries, including leading digital companies, fast-moving consumer goods, logistics, private healthcare, and media, establishing itself as a key player in the region's investment landscape.
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.
Aviasales
Series B in 2021
Aviasales is a prominent travel metasearch company operating primarily in Eastern Europe and Central Asia. Established in 2007, it provides a platform for users to search for affordable air tickets, hotel accommodations, and car rentals. The company's services allow customers to compare prices from various online travel agencies, simplifying the booking process for flights and holiday accommodations. In 2021, Aviasales reported a gross merchandise value exceeding $1.6 billion and captured nearly 20% of the air ticket sales market in Russia. The company has also developed a B2B travel technology segment that includes Travelpayouts, a partnership platform, and Aviastats, which offers revenue optimization data for airlines. With a workforce of around 500 employees based in Thailand and Russia, Aviasales continues to enhance its offerings in the travel sector.
Banki.ru
Private Equity Round in 2020
Banki.ru is a leading financial information portal in Russia, established in 2005, that provides comprehensive data on banking and insurance sectors. The platform aggregates information on deposits, mortgages, credit cards, consumer loans, and various types of financing from approximately 150-200 Russian banks each year. Users benefit from a centralized database that allows for easy comparison and access to banking information without the need to visit multiple websites. Banki.ru also features a Public Rating system based on around 30,000 client reviews, enabling banks to address customer concerns and feedback promptly. The website attracts over one million unique visitors monthly, facilitating user requests for loans directly to banks. Additionally, the data is regularly updated to ensure accuracy and relevance. The company has seen investment from Finam Capital and acquired the Ukrainian site Banki.ua in 2011. Grant Thornton Russia serves as the auditor for Banki.ru, ensuring transparency and reliability in its operations.
YCLIENTS
Series A in 2019
YCLIENTS LLC is a company that offers cloud-based scheduling and business management software tailored for small local businesses. Founded in 2010 and based in Moscow, Russia, YCLIENTS provides online reservation services through both web platforms and mobile applications. The software enables business owners to access information about their operations anytime and from any location. Additionally, it automatically compiles a customer database, facilitating the future sending of marketing messages to clients. By streamlining scheduling and management tasks, YCLIENTS aims to enhance the efficiency of local service businesses.
Active Component
Series B in 2018
Active Component is a domestic manufacturer of active pharmaceutical substances in the Russian market, with over a decade of experience in the industry. The company focuses on the development and production of generic active pharmaceutical ingredients, utilizing advanced technologies and equipment. This enables local drug manufacturers to access a diverse array of pharmaceutical ingredients, establishing Active Component as a reputable and reliable partner within the health sector.
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!
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.
Cian
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!
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.
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.
PickPoint
Acquisition in 2012
PickPoint, Ltd. is a logistics company based in Moscow, Russia, specializing in pick-up and delivery services for online orders. Founded in 2010, it operates the largest network of automated parcel lockers and pick-up points in Russia, with over 2,000 locations. The company provides a convenient solution for the "last mile" delivery of e-commerce parcels through its user-friendly application. Customers can collect their orders from automated terminals, known as postamates, located near homes, workplaces, or shopping centers at their convenience. The process involves entering a unique order receipt code sent via mobile phone or email. Additionally, PickPoint facilitates payment options, allowing customers to pay for orders in cash or by card at the pick-up point. The service also enables easy returns of goods through any PickPoint location, regardless of how the items were initially received. Overall, PickPoint aims to streamline the logistics of online shopping in Russia, enhancing the customer experience through its innovative delivery solutions.
SPSR-Express
Private Equity Round in 2012
SPSR-EXPRESS offers a broad range of services in relation to express delivery of documents, mail and cargo all over Russia and abroad. Apart from the basic express delivery offer, SPSR is developing specialized individual solutions tailored to their customers’ business.
SPSR-Express
Acquisition in 2012
SPSR-EXPRESS offers a broad range of services in relation to express delivery of documents, mail and cargo all over Russia and abroad. Apart from the basic express delivery offer, SPSR is developing specialized individual solutions tailored to their customers’ business.
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.
Blesk InCare
Acquisition in 2011
Blesk InCare is a prominent textile rental service and contract laundry provider based in Moscow, Russia. The company specializes in supplying linen for hotels, restaurants, hospitals, and various industries, ensuring high-quality textile rental services. Additionally, Blesk InCare is recognized as the largest dust control mat service provider in the country. Operating six industrial laundries across Russia and Ukraine, the company offers a comprehensive range of services that includes industrial laundry, dry cleaning, and uniform rental, catering to the diverse needs of its clients.
United Catering Group
Acquisition in 2011
United Catering Group is a catering business that operates across 90 locations in Russia, providing services primarily to business centers and industrial sites. The company caters to a diverse clientele, serving over 200 major corporations. With a focus on delivering quality catering solutions, United Catering Group has established itself as a significant player in the Russian catering industry, meeting the needs of various corporate customers.
VK (ex. 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 is a privately held regional group of radio stations in Russia controlling ca.
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