Consortium of investors led by RDIF closed the transaction to invest in Pulkovo airport
Moscow, 4 September 2017 – A consortium of international investors comprising Russian Direct Investment Fund (RDIF), Russia-China Investment Fund (RCIF), Mubadala Development Company (UAE), Baring Vostok Private Equity Fund V and a number of related funds (Baring Vostok), as well as leading co-investors from the Middle East have announced the completion of a transaction to acquire a 25% stake in Thalita Trading Limited (Thalita). Thalita is the holding company of the Northern Capital Gateway, which manages Pulkovo Airport.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"RDIF’s efforts helped to form an international consortium of investors, attracting more than $200 million into Russia from leading funds, including from Asia and the Middle East. We are confident that the arrival of new shareholders will contribute to the dynamic development of Pulkovo, one of the largest airports in Russia."
Tav Morgan, Partner at Baring Vostok Capital Partners Group Limited, said:
"Baring Vostok Private Equity Funds are pleased to have made this investment into one of Russia's leading infrastructure projects and look forward to working with its fellow shareholders and senior management to further improve Pulkovo's performance and standing amongst leading international airports."
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru
Russia-China Investment Fund (RCIF) is a joint fund established by the Russian Direct Investment Fund and China Investment Corporation. The activity of RCIF is aimed at development of bilateral economic, trade and investment relations between Russia and China. Further information can be found at www.rcif.com
The Baring Vostok funds focus on private equity investments in Russia and the CIS. The Funds currently have over $3.7 billion of committed capital and an investor base consisting primarily of pension funds, university endowments, sovereign wealth funds, and funds of funds from North America, Western Europe, Asia, and the Middle East. Since 1994, the Funds have invested over $2.8 billion in over 80 companies in Russia, Kazakhstan, Ukraine and other countries of the CIS. Further information can be found at www.baring-vostok.com
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Yulianna Vilkos
Tel: +44 (0) 20 7796 4133
Russia-China Investment Fund
Tel.: +86 10 5762 9000
Fax: +86 10 57629111
Yury S. Trofimov
Russia-China Investment Fund
Tel.: +7 (495) 230-05-55 ext. 4243
Mob.: +7 (985) 765-13-12