The Funds’ first investment in telecommunications was made in 1994 in FGI Wireless (which eventually became today’s Vimpelcom, one of Russia’s largest mobile telephony operators). The company was a pioneer in cellular network development in Russia. Since 1994, Baring Vostok funds have invested over $850 million in 30 companies in the internet, software, media, and telecommunications sector.
Center of Financial Technologies

Center of Financial Technologies

Leader in software solutions and processing services for financial and credit organizations in Russia and the CIS
Location:
Novosibirsk/Moscow, Russia
Year of the first investment:
2006
Size of share holding:
Large minority
Exit:
Unrealised

CFT is the leading Russian software developer for the financial sector, and one of the top five Russian companies to develop its own software. The company has for some years now enjoyed annual rates of revenue growth well above the market average, at around 30 per cent per year.

CFT is among the leading companies providing software for the investment industries and processing services across Russia and the CIS. Baring Vostok Private Equity Fund III became a shareholder of the company in 2006.

Other projects

News

09 October 2019

Media Statement.

Baring Vostok statement on the court decision to extend the pre-trial detention of Maxim Vladimirov.
09 October 2019

Media Statement.

Baring Vostok statement on the court decision to extend the house arrests of Michael Calvey and Philippe Delpal.
02 September 2019

Media Statement.

Baring Vostok statement on the court decision to arrest Evison’s remaining shares of Vostochny Bank.
15 August 2019

Media Statement.

Mosgorsud took the only possible reasonable decision today, transferring Philippe Delpal to house arrest. The court also claified some of the restrictions relating to Michael Calvey’s continued house arrest.
06 August 2019

Media Statement.

BVCP statement on the decision by Mosgorsud on 5 August 2019.
10 July 2019

Media Statement.

At today’s hearing in the Basmanniy Court the defense lawyers for Ivan Zyuzin and Vagan Abgaryan announced a motion to disqualify the judge after spotting the ruling for the hearing on the judge’s desk before the hearing had even completed.
09 July 2019

Media Statement.

Today’s decision by the Basmanniy Court to prolong the pre-trial detentions of Maxim Vladimirov and Philippe Delpal was unfounded.