Consortium of media entrepreneur Paul Heth and private equity funds lead investment into Russia’s Karo Film Group.
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Consortium of RDIF, Baring Vostok Private Equity and UFG Private Equity and other leading institutional co-investors acquired a controlling stake in Karo Film, one of Russia’s leading and fast developing cinema chains new generation.
- Large-scale investment programme up to the end of 2015 including construction of new state-of-the-art multiplex cinema venues in Moscow and in the regions of Russia.
- Renovation of existing venues.
- New programme KARO-Arts aimed to support and promote Russia-produced films.
- Year of investment: 2012.
Growth of the middle class