Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal
Baring Vostok Capital Partners was founded by Michael Calvey, an American businessman and one of Russia’s most prominent foreign investors. His criminal conviction on accusations of embezzlement in Russia caused widespread resonance. Baring Vostok Capital Partner is the largest independent private equity firm focused on investments in Russia and the Commonwealth of Independent States. The Baring Vostok Private Equity Funds invest across a broad range of industries including oil and gas, consumer products, media and technology, telecommunications and financial services.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalKremlin delays Baring Vostok’s exit as it eyes billion-dollar stake in ‘Russia’s Amazon’. Since the end of last year, the firm has been trying to exit the Russian market and is seeking approval from a government commission for a sale. But that approval has been delayed.
Intention to sale a stake in Russia's largest collector. Michael Calvey and Philippe Delpal, convicted in the Baring Vostok case, left Russia. Calvey and Delpal cannot get a visa to the Russian Federation to attend the trial. The fund of American investor Michael Calvey Baring Vostok sold a majority stake in the collection agency First Client Bureau (PKB) to the structure of Russian entrepreneur Roman Kovalev. The authorities agreed on the division of the Baring Vostok business: Vostok Investments (Russian team) will buy 12 assets of the fund. But the sale of one of them - a share in Ozon - will come with a condition: it must be sold to an “unauthorized person”. The Federal Penitentiary Service has cleared the criminal record of American investor, founder of the Baring Vostok fund, Michael Calvey.