Twitter LinkedIn
    Sunday, March 26
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Investments»VTB Capital invests in IVI
    Investments

    VTB Capital invests in IVI

    May 27, 2021Updated:May 27, 20212 Mins Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    VTB Capital has led a $250 million investment round in IVI, a Russian online cinema and streaming service, and is now one of the company’s largest shareholders.

    Yuri Soloviev, First Deputy President and Chairman of the VTB Management Board, says: “Our country has the largest Internet user base in Europe, which is why digital transformation and the transition of businesses to being online creates huge opportunities for dynamic companies to be ‘national champions’ in the field of digital services. This transaction is another important step in the development of our open ecosystem, which is formed through the creation of strategic partnerships between VTB Group and other leading companies in their market segments.”

    Oleg Tumanov, CEO and Founder of IVI, says: “The media industry is in a phase of radical transformation. IVI continues to strengthen its position as a leader in video streaming and will focus on creating the best offer for the Russian-speaking audience. The funds will be used to expand the content offering, create a broad foundation for the production of our own content, and attract talent. We created the conditions for content producers to implement their best creative ideas with fascinating and relevant stories for our users. We will also continue to focus on developing our service and user experience.”

    Read more/Source: Private Equity Wire

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Deals Transactions Investments Media & Telecoms peinsider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans

    March 16, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Recent Rule Changes Spark New Wave of Private Equity Ownership in Pro Sports

    November 29, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Comments are closed.

    Other Articles

    Dubin Clark invests in iROCKER

    April 16, 2021

    GTIS Partners Raises $630 Million Qualified Opportunity Zone Fund

    February 21, 2022

    Capitalflow bought by Bunq in deal worth €141m

    July 11, 2021

    Shake Shack Founder Meyer’s SPAC Files for $250 Million IPO

    February 9, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?