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

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.
23 January 2018

CFT supports banks in complying with SWIFT CSP security requirements.

In 2017, CFT was included in the Directory of Cyber Security Service Providers accredited for implementation of the SWIFT Customer Security Programme. The company started implementing the projects on attestation and analysis of the connection security of the financial institutions’ IT infrastructure to SWIFT.
16 November 2017

CFT in TOP-3 in CNews Analytics Rating.

CNews Analytics agency has published its annual review "IT in Banks and Insurance Companies", which includes a rating of major bank IT suppliers. The rating is based on the results of the activity of market participants in 2015. Center of Financial Technologies remained second in the rating of Russia's major IT developers.
15 June 2017

CFT in TOP 3 Russian Software Developers.

RAEX rating agency has published the rankings of Russia’s major IT groups and companies based on the activity results of 2016. CFT occupies the second place of the ranking in the category ”Software development”.
29 May 2017

TKB Bank transfers to a new core banking system, CFT-Bank.

Transkapitalbank has successfully completed the project of implementation of CFT-Bank banking information system in its IT infrastructure. One of the targets of IT modernization was cost optimization of the maintenance of siloed core banking systems by transferring to a single technology platform.
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.).