Publications

29 January 2008

Verysell Group of Companies, Deutsche Bank, and Hillside Apex Fund SPC investment fund announce the purchase of a minority stake in Verysell Group

The total transaction value equals to $15 mln. The deal put Deutsche Bank and Hillside Apex Fund SPC investment fund on the list of investors that joined Verysell’s business enterprise since the beginning of 2007 - alongside with Scandinavian direct investment fund Mint Capital, British investment fund RP Explorer Fund (a branch of RP Capital Group), fund Renaissance pre-IPO, and investment fund Steep Rock Capital. 

The international financial institutions are represented in Verysell’s Executive Board by Ulf Persson (Mint Capital), Poul Swigart (Steep Rock Capital), and Zaphar Zokhidov – a representative of Deutsche Bank and Hillside Apex Fund SPC.

The investments were attracted by Verysell Group for executing the M&A programme in the field of systems integration and consulting.

Mikhail Krasnov commented on that: «We were established in 1990 as a joint venture, and we always took efforts to keep our status of a Russian company with international investments. We are proud to have been able to attract a strong pool of foreign  investors. It is especially valuable that representatives of global financial institutions, with their vast experience of large-scale business management, will participate in management of our company».

Yuri Soloviyov, head of investment department of Deutsche Bank in Russia/CIS and the first deputy chairman of OOO «Deutsche Bank», said: «Deutsche Bank considers investment into growing private companies to be among the major strategic areas on the Russian market. Verysell Group is a dynamically growing company holding a leading position on the Russian IT and hi-tech markets, and we are glad to be able to collaborate with them and provide assistance in their expansion on the financial markets».  

Timofey Demchenko, head of special investment department of Deutsche Bank, has added: «Deutsche Bank will gladly cooperate with Hillside Apex Fund in order to secure dynamical growth of Verysell. Attracting the leading Western funds as co-investors is a part of our investment strategy».

For more information please contact Marina Rumyantseva, PR director of Verysell Group of Companies, or Anna Golubtsova, PR manager of Verysell Group of Companies, phone: +7 (495) 705 9194, pr@verysell.ru.

Verysell Group of Companies operates in the field of information technologies since 1990 and holds a leading position in areas of systems integration, IT and management consulting, industrial automation, distribution of products by leaders of the global IT market. The companies comprising the Group carry out their activities in Russia, Ukraine, Kazakhstan, and other CIS countries. Activity of Verysell Group of companies is focused on improving efficiency and optimizing business processes of Russian companies, improving information support for government bodies, and streamlining informational circulation Russian society.

More detailed information on Verysell Group of Companies is available at the corporate website http://www.verysell.ru.

Deutsche Bank is a leading universal investment bank strongly oriented on business-to-customer commerce. With 77,920 employees in departments, local branches, and subsidiaries in 76 countries, the Bank offers top-quality financial services to its clients. Deutsche Bank strives to become the global leader providing financial solutions for the most demanding clients and creating sustainable added value for its stakeholders and employees.

OOO «Deutsche Bank» was established in April 1998. The bank is a 100% subsidiary of Deutsche Bank AG. Deutsche Bank provides a broad range of financial services to both Russian and foreign, private and corporate, clients – including services and consulting on corporate financing, trading operations, disposal of assets, support for major transactions, commercial bank services,

The leading Russian and global companies are listed among the bank’s clients.

http://www.deutsche-bank.ru

Hillside Apex Fund Limited is a 100% subsidiary of Thames River Hillside Apex Fund SPC incorporated in the Cayman Islands, specializing in investment of  assets from Hillside Apex Fund‘s segregated portfolio. The primary goal of Hillside Apex Fund is acquiring profit from the invested capital regardless of market conditions.