- Moscow, Russia
- Year of initial investments:
- Large minority stake
- 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.
Today’s decision by the Basmanniy Court to prolong the pre-trial detentions of Maxim Vladimirov and Philippe Delpal was unfounded.
Today the Basmanny Court once again prolonged the house arrest of the founder of Baring Vostok Michael Calvey, without any legal basis for the arrest.