- Tbilisi, Borjomi, Georgia
- Large minority stake
- Sale to a strategic investor
In October 2002, the fund sold its share of the company to IDS Group.
Commercial production of Borjomi mineral water started in 1981. Baring Vostok’s Fund was one of the first investors after the creation of GG&MW.
The company’s growth rate is reported at 78% in USD, up to $232M, and 91%* in Rubles, up to 7.1B Rubles.
"After coming off of a benchmark year for The OZON Group, 2012 began with the pivotal acquisition of Sapato.ru which has strengthened the already fortified leadership of OZON in the marketplace," said Maelle Gavet, CEO of OZON Holdings. "Efforts for the past six months have been concentrated on furthering the growth of OZON as a whole while blending Sapato.ru and OZON.ru to band together seamlessly. It has been a very organic and prolific progression."
Baring Vostok Private Equity Fund IV invested 50 million dollars to support further growth of Tinkoff Credit Systems (TCS).