RBC: Russia Partners decided to sell its stake in Banki.ru

RBC: Russia Partners decided to sell its stake in Banki.ru

The investment fund Russia Partners, which owns a 40% stake in the Banki.ru financial marketplace, decided to sell its stake, RBC reported, citing sources.

Renaissance Capital acted as a deal consultant. In particular, Winter Capital investment funds, which is associated with Vladimir Potanin’s Interros, as well as Elbrus Capital, can sell their shares in Banki.ru, the newspaper’s interlocutors said.

Banki.ru is the largest Russian financial portal, which includes a financial supermarket, forums, news agency and interactive services. It was founded in 2005 by Philip and Kirill Ilyin-Adaev. In 2020, they announced that they had sold their shares and left the company. At the same time, Winter Capital and Elbrus Capital funds became buyers.

Banki.ru, according to SPARK, belongs to the Cypriot company Banki.ru Holding Ltd. According to the Cypriot registry, 59.8%, or 100% of Class A shares, Banki.ru Holding Ltd. owns Nuance Systems Ltd., registered in the British Virgin Islands. The remaining 40.2%, or 100% of Class B shares, belongs to the Russia Partners Technology Fund LP direct investment fund, Vedomosti wrote.

In 2013, Russia Partners became the owner of a 30% stake in Banki.ru, acquiring this stake from the Finam investment holding for $6 million. Later, in 2014, the investment fund bought another 10% from Ilyin-Adaev and his family. After the sale of the share of the Ilyin-Adaev family in 2020, a Vedomosti source estimated the value of the asset at $50-70 million. Now the marketplace asset is estimated at $198.8 million (15 billion rubles), and the cost of the Russia Partners package itself may be in the region $68.4-84.8 million, a source told RBC.

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