Baring Vostok believes that financial services are likely to continue to be one of the region’s most rapidly growing sectors, as its banking sector matures and penetration of other financial products increases towards the levels of more developed economies. Since 1994, Baring Vostok funds have invested over $750 million in 11 banks and financial services companies in Russia and Kazakhstan.
Europlan

Europlan

Russia’s leading auto leasing company. Fully exited in 2015.
Location:
Moscow, Russia
Year of initial investments:
2003
Shareholding:
Controlling stake

Europlan is a recognised leader in the autoleasing sector in Russia, with a market share of 30%. The company intends to strengthen its position further and develop its business in other sectors of the leasing market.

The company started out in 1999 in Rostov-on-Don, when a group of professionals in small business financing established a regional firm providing equipment leasing. The same year, the company opened offices in Moscow, St Petersburg and Ekaterinburg. Baring Vostok Private Equity Fund purchased the company in a management buyout (MBO) in November 2003.

Development stages:

  • In 2003, the company completed 900 leasing projects in various industries and created a branch network in most large cities of European Russia. In May 2004, the company was renamed Europlan.
  • In August 2004, Europlan was the first Russian leasing company to attract a loan from the Overseas Private Investment Corporation, OPIC, the official financing agency of the US government.
  • In December 2004, the company purchased 100% of the shares of a major player in the autoleasing market, Rolf Leasing (Firma Kelvin).
  • To strengthen its financial basis, the company in January 2005 raised additional capital from Capital International.
  • The company’s assets grew from $20 million at the time it was acquired by the Fund in 2003, to $516 million in 2010.

Other projects

News

19 May 2017

ACRA assigns Tinkoff Bank an А(RU) rating, outlook Stable.

TCS Group Holding PLC, Russia’s leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, today announces that the Analytical Credit Rating Agency (ACRA) (Russia) has awarded Tinkoff Bank an, А(RU) rating with a stable outlook.
05 April 2017

Tinkoff Bank to launch a mobile virtual network operator.

TCS Group Holding PLC, Russia’s leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, today announces the launch of its own mobile virtual network operator (MVNO).
14 March 2017

TCS Group Holding PLC Announces 4Q and FY 2016 IFRS Results.

TCS Group Holding PLC, Russia's leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, today announces its audited IFRS results for the full year ended 31 December 2016, and a new dividend policy.
22 February 2017

Moody’s upgrades long-term debt and deposit ratings of Tinkoff Bank to B1 from B2.

TCS Group Holding PLC, Russia’s leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, today announces that Moody’s upgraded Tinkoff Bank’s long-term local- and foreign-currency deposit ratings and local-currency senior unsecured debt ratings to B1 from B2, outlook — stable.