1Company 2Investments 3Top 10 of Criteria 4Baring Vostok Funds Projects 5Partners Views 6Baring Vostok Funds 7Contacts

Baring Vostok — a leader in PRIVATE EQUITY in Russia

12.10.2017

TCS Group Holding PLC acquires a majority stake in CloudPayments.

TCS Group Holding PLC, Russia’s leading provider of online retail financial services via its Tinkoff.ru financial supermarket, is pleased to announce the purchase of a 55% controlling stake in CloudPayments, an innovative developer of online payment solutions.

08.09.2017

Vladimir Putin has visited the exhibition of IT-technologies in ER-Telecom Holding .

Russian President Vladimir Putin visited, during his trip to Perm, ER-Telecom office and met with the representatives of IT-cluster.

12.07.2017

Etalon Group Acquires New Project in Moscow.

ETALON GROUP PUBLIC COMPANY LIMITED, one of Russia’s largest and longest-established development and construction companies, announces it has acquired the rights to a 2.7-hectare land plot in the Central administrative district of Moscow.

12.07.2017

Tinkoff Bank Tops The Banker’s Ranking of Most Profitable CEE Banks.

Tinkoff Bank was named the most profitable bank in Central and Eastern Europe by The Banker, a leading international financial publication which is part of the Financial Times Group.

07.07.2017

Tigers Realm Coal Moves to 100% Ownership of Amaam North Including Project F.

Tigers Realm Coal Limited is pleased to announce it has moved to 100% ownership of the Amaam North Project including Project F which is currently in production.

Baring Vostok Private Equity Funds

Six funds in 20 years

Assigned investments, $

160 mln1994
FNIS

15 mln1999
FNIS RF

205 mln2001
BVPEF

413 mln2005
BVPEF III

1100+302 mln2007
BVPEF IV
+Supplemental Fund

1273+212 mln2012
BVPEF V
+Supplemental
Fund
Dividend history

Distributed dividends, $ mln
Diversified Portfolio

By sectors, %

By stages, %

By control level, %

Ten key investment criteria

Strong management team with economic incentives aligned with investors and a common vision for the future.
Straightforward, realistic and sustainable business plan.
Barriers to entry, such as long-term licensing, established brands and high replacement cost of assets.
Leading market position of the company in the industry, market niche or region.
Ownership structure ensuring investors’ control over proceeds from the company’s activities.
Potential for funds to add value to the company.
Constructive relations with federal and local authorities.
Clean balance sheet with limited debt, and balanced foreign currency exposure.
Positive operating cash flow or ability to attain it within 12 months of investment.
Reasonable entry valuation which allows the Funds to achieve a high return on capital under realistic long-term scenario.

Baring Vostok Funds Projects

YANDEX — www.yandex.ru **Russia’s largest Internet company and leading search engine** Moscow, Russia
CEO: Arkady Volozh show details

Center of Financial Technologies — www.cft.ru **Leader in software solutions and processing services for financial and credit organizations in Russia and the CIS.** Novosibirsk, Russia
CEO: Andrey Visyashchev show details

FAMILIA — www.famil.ru **The only Russian nationwide off-price apparel retailer** *Moscow, Russia* show details

OZON.ru — www.ozon.ru **The leading e-commerce platform in Russia and the CIS** Moscow, Russia
CEO: Danny Perekalsky show details

Burren Energy — **Oil company with primary production in Turkmenistan and Congo. Currently a part of ENI Group. Fully exited in 2008** show details

Volga Gas — www.volgagas.com **Independent oil and gas company carrying out exploration and production in the Volga Region** London, Great Britain
Moscow, Russia
CEO: Mikhail Ivanov show details

Nostrum Oil & Gas — www.nostrumoilandgas.com **Oil and gas company developing the Chinarevskoye field in Kazakhstan** Douglas, Isle of Man
Chairman: Frank Monstrey
CEO: Kai-Uwe Kessel show details

Novomet — www.novomet.ru **One of the leading manufacturers of electric submersible pumps (ESPs) and related products for the oil and gas industry.** Perm, Russia
CEO: Maxim Perelman show details

Syktyvkar LPK — www.mondigroup.com **One of Russia’s largest producers of pulp and paper products. The company is today a part of the Mondi group, a department of Mondi Business Paper. Exited in 2002** show details

Etalon Group — www.etalongroup.com **One of Russia’s leading residential real estate developers with a focus on St. Petersburg, north-west Russia, and Moscow** St. Petersburg, Russia
CEO: Vyacheslav Zarenkov
Chairman: Dmitry Zarenkov show details

Ecodolie — www.ecodolie.ru **A leading developer of low-rise residential real estate in Russia’s regions** Moscow, Russia
CEO: Konstantin Phillipishin show details

Europlan — europlan.ru **Russia’s leading auto leasing company. Fully exited in 2015.** *Moscow, Russia* show details

Kaspi bank — www.kaspibank.kz **One of the leading retail banks in Kazakhstan** Alma-Ata, Kazakhstan
Chaiman: Vyacheslav Kim
CEO: Mikhail Lomtadze show details

Golden Telecom — www.goldentele.com **Leading digital telephone communication operator and Internet access provider in Russia and Ukraine (now a part of Vimpelcom). Fully exited in 2007** show details

ER-Telecom — www.ertelecom.ru **Leading regional telecommunications operator providing consumer broadband and cable TV services** Perm, Russia
CEO: Andrey Semerikov show details

www.1C.ru **Leader in accounting software solutions** Moscow, Russia
CEO: Boris Nuraliev show details

Gallery Media Group — www.gallerymedia.com **Second-largest outdoor advertising operator in Russia and Ukraine** Moscow, Russia
CEO: Dmitry Zaytsev show details

AVITO.RU — www.avito.ru **Online classifieds service** Moscow, Russia
CEO: Yunos Engelberg show details

Enforta — www.enforta.ru **Leader in the Russian market of wireless broadband Internet access** Moscow, Russia
CEO: Viktor Ratnikov
President: Lee Sparkman show details

IVI.RU — www.ivi.ru **Online video service** Moscow, Russia
CEO: Oleg Tumanov show details

InfiNet Wireless — www.infinet.ru **Russian developer and producer of broadband wireless access systems for IT infrastructure development** Moscow, Russia
General Director: Dmitry Okorokov show details

Global Telesystems — **Telecommunications company, the assets of which were used as a basis for Golden Telecom. Exited in 1999** show details

EMC — www.emcmos.ru **One of the largest private medical clinics in Russia** Moscow, Russia
CEO: Andrej Janovskij show details

EMC — www.emcmos.ru **One of the largest private medical clinics in Russia** Moscow, Russia
CEO: Andrej Janovskij show details

Family Doctor — http://www.fdoctor.ru/ **Network of clinics in Moscow** Moscow, Russia
CEO: Yulia Grafova show details

SladCo — www.sladco.ru **One of Russia’s largest confectionary producers, currently a part of Orkla. Exited in 2005** show details

Mamsy — www.mamsy.ru **The only flash sales etailer of branded Baby & Kids goods in Russia** show details

Rogan — www.rogan.ua **One of Ukraine’s largest beer producers, currently a part of Sun Interbrew. Exited in 2000** show details

Borjomi — www.borjomi.com **Georgia’s largest mineral water producer, and one of the region’s brands. Exited in 2002** show details

Orient Express Bank — www.vostbank.ru **Russia’s third-largest retail bank (by branch network)** Blagoveshchensk, Russia
Chairman of the Executive Board: Alexey Kordichev show details

Tinkoff Bank — www.tinkoff.ru **Russian retail bank with focus on credit cards services** Moscow, Russia
Chairman: Oleg Tinkov
CEO: Oliver Hughes show details

First Collection Bureau — www.collector.ru **Leading collection agency in Russia** Khabarovsk, Russia
CEO: Pavel Mikhmel show details

Teplant — www.teplant.ru **A leading Russian insulation materials and sandwich panels producer.** Samara, Russia
CEO: Yuriy Vertoprakhov show details

Spasskcement — **Association of cement producers in the Far East. Fully exited in 2007** show details

BARING VOSTOK: PARTNERS VIEWS

Arkady Volozh

Yandex CEO

Baring Vostok Fund and its professionals have become true partners and sound advisors, and we are counting on our relationship to continue for many more years!
V. Zarenkov

Chairman of the Board of Directors, Etalon Group

The Baring Vostok team are professionals who know their business and are able to solve any challenges our company may face.

BARING VOSTOK FUNDS

Baring Vostok Ozon L.P.

Baring Vostok Private Equity Fund V + Baring Vostok Private Equity Fund V Supplemental Fund

Capital Committed:$1,153 million (main) + $212 million (supplemental)

Currently in investment period

Sample Investments:First Collection Burea, Orient Bank, KARO, Kaspi Bank, Tigers Realm Coal Limited, A5, Kolesa / Krisha, CarPrice, Gett, Mamsy, 2GIS, Doc+, BlaBlaCar, Busfor, Familia, Revo Technologies, Sorsdata, Profi.ru, Vertiсal, Solopharm, Vkusvill, Pulkovo Airport.

Baring Vostok Private Equity Fund IV and Baring Vostok Private Equity Fund IV Supplemental Fund

Capital Committed: $1,102 million (main) + $302 million (supplemental)

Investment period closed

Sample Investments: Yandex, Etalon, Nostrum Oil & Ga, Volga Gas, ER-Telecom, Orient Express Bank, Eco-Dolie, Teplant, 1C, Novomet, Family Doctor, EMC, Tinkoff Bank, Ivi.ru, Avito.ru, First Collection Bureau

Baring Vostok Private Equity Fund III

Capital Committed: $413 million

Investment period closed

Samples of Investments: Yandex, CFT, Kaspi Bank, Gallery Group, Volga Gas, Enforta, Electro-com

Contacts

RUSSIA

9 Lesnaya St., White Gardens Business Center, Building B,
6th Floor, 125047, Moscow

Tel.: +7 495 967 1307 | Email: info@bvcp.ru

GUERNSEY

1 Royal Chambers, St Julian’s Avenue, Saint Peter Port, GY1 4AF, Guernsey

Tel.: +44 1481 736 947 | Email: info@bvcp.gg