The private equity fund advised by Elbrus Capital has acquired 23% of shares of B2B-Center, the largest operator of an online procurement marketplace in Russia.
B2B-Center is the leading online procurement platform in B2B segment. Over 230 thousand trading procedures for a total amount of over 2.5 trillion rubles have been conducted on B2B-Center’s online marketplace. The system helps purchasers to achieve cost savings on procurement, while suppliers can find new clients and open up new markets.
The fund advised by Elbrus Capital focuses on investments in leading companies looking for further growth and consolidation opportunities. Elbrus Capital partners with entrepreneurs who have the ambitions to take their business to the next level of development.
Dmitri Krukov, Managing Partner of Elbrus Capital, commented on the deal: “Our vision for the development of e-commerce in Russia matches the strategic development plan of B2B-Center. We believe in future opportunities for online procurement systems. This important element of business infrastructure enables companies to improve their efficiency and reduce costs. B2B-Center is the market leader and it offers the superior innovative product to its clients. We are happy to become partners with B2B-Center’s management and shareholders and will use our resources and experience to further develop the company”.
“We joined efforts with Elbrus Capital in order to strengthen the company’s position on the market, – said Alexander Boyko, Chairman of the Board of B2B-Center. – I am sure that this partnership will be beneficial for the company and will contribute to further expansion of the business”.
About B2B-Center
Online procurement system B2B-Center (www.b2b-center.ru) is the largest operator of an electronic procurement marketplace in Russia. B2B-Center enables its clients to conduct over 40 types of trading procedures for buying and selling products and services and thereby it helps extend sales channels for suppliers while improving efficiency in supply chain procurement. The company’s clients include over 120 thousand enterprises from different industries and 90 countries. Today, more than 40% of online trading in B2B segment in Russia is conducted within B2B-Center.
About Elbrus Capital
Elbrus Capital is a leading private equity business in Russia and the CIS. Elbrus Capital advises private equity funds which have led over 70 acquisitions since 2007. The funds’ total assets under management exceed $600 million. Key investors in the funds are large international institutional investors and international development institutions.
Further enquiries
Elbrus Capital
Ilya Novokhatsky, DNA Communications (Elbrus Capital’s public relations representative)
+7 925 518 1798
ilya@dnapr.ru
B2B-Center
Sofia Arakelyan, PR Specialist
+7 495 989 8519, 8-800 555 8519 ext. 7113
pr@b2b-center.ru
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