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.
CTC Media

CTC Media

One of Russia’s largest television stations. Fully exited in 2008
Location:
Moscow, Russia
Years:
1995-2008
Shareholding:
Large minority
Exit:
IPO on NASDAQ in 2006

StoryFirst Communications (later renamed "CTC Media") was founded by an American entrepreneur (Peter Gerwe) in 1989. From 1991 to 1997, the company attracted significant funding from global individual and institutional investors. In 1996, CTC Media launched the first Russian national television network, CTC, based on the American model. The company acquired and founded many regional television channels so as to cover the whole Russian landmass.

The value of the advertising market in Russia declined sharply after the 1998 crisis and caused a dramatic drop in revenue, which led several institutional investors to sell their shares. In early 2002, Baring Vostok Private Equity Fund purchased shares from these investors.

Other projects

News

16 February 2019

Press statement on outcome of court hearing.

Yesterday the Moscow Bassmaniy Court extended its hearing to decide on pre-trial restrictions for Michael Calvey, while leaving him under detention for an additional 72 hours.
15 February 2019

MEDIA RELEASE.

Baring Vostok believes that the detention of its employees and the charges that have been brought are a result of a conflict with shareholders of Vostochniy Bank.
15 February 2019

MEDIA RELEASE.

Yesterday, four Baring Vostok employees, including Michael Calvey, were detained by authorities in Moscow.
30 May 2018

CFT Rated among Russia's Major IT Companies.

CNews Analytics agency has published its analytical review ”IT Market: Results 2017”. The review included ratings of the branch participants. Based on last year’s activity, CFT moved up 5 ranks in the rating ”Russia’s Major IT Companies 2017” (CNews100) to number 12 in the list. In the rating ”Russia’s Major IT Developers 2017” CFT remained number 6.
26 March 2018

Papa John's restaurant chain attracts new investors.

PJ Western, master-franchisee of Papa John's international in Russia, the CIS and Central Europe, announces a deal with the Baring Vostok investment fund to increase its total number of restaurants to 450 by December 2020.
13 September 2012

Dom.ru has been acknowledged the fastest Russian federal internet provider.

According to Net Index , Dom.ru telecom operator is the fastest federal internet provider in Russia. The average internet speed that Dom.ru provides to its Subscribers in 42 cities of presence amounts to 35 Mbit/sec., which is more than two times higher than the average internet speed in Russia (about 16 Mbit/sec.).