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.
YANDEX

YANDEX

Leading internet company in Russia. Fully exited in 2016
Location:
Moscow, Russia
Year of initial investments:
2000
Shareholding:
Large minority stake
Exit:
IPO at NASDAQ in 2011. Fully exited in 2016.

Yandex (YANDEX.ru) – an Internet search engine primarily for Russian and Russian-language users – was launched in September 1997. In 2000, after researching the Russian Internet market thoroughly, Baring Vostok Private Equity Fund invested in the company.

Today, Yandex is the leading internet company in Russia, operating the country’s most popular search engine and most visited web site. The company also operates in Kazakhstan, Belarus and Turkey. Yandex is in the world’s top five search engines by number of searches.

Other projects

News

17 May 2019

Media Statement.

BVCP statement on ruling by Amur Court of Arbitration.
06 May 2019

Media Statement.

BVCP statement regarding court refusal to change form of detention for Michael Calvey.
29 April 2019

Media Statement.

BVCP statement concerning the rejection of appeal against prolongation of the pre-trial detention.
11 April 2019

Media Statement.

Baring Vostok welcomes the decision to release Michael Calvey to house arrest.
10 April 2019

Media Statement.

BVCP statement regarding pre-trial detention of Ivan Zyuzin, Vagan Abgaryan and Maxim Vladimirov.
10 April 2019

Media Statement.

Baring Vostok welcomes the applications made by the Investigative Committee for Michael Calvey and Alexey Kordichev to be transferred to house arrest, and hopes that the court will give due consideration to the applications.
09 April 2019

Media Statement.

BVCP statement regarding Philippe Delpal’s pre-trial detention.