UFG Private Equity buys minority stake in Russian Towers
UFG Private Equity's Fund III has completed acquisition of a large minority stake in Russian Towers from its co-investor Macquarie Russia & CIS Infrastructure Fund (MRIF). Amount and terms of transaction were not disclosed. Russian Towers is the leader of independent telecom infrastructure market in Russia, it owns and operates passive infrastructure and provides co-location solutions for mobile operators.
Through its previous Fund II, UFG was a founding investor in Russian Towers alongside the EBRD in 2009 and remains a significant shareholder. Since inception approximately $160m of equity capital has been raised to finance the Company’s development. UFG syndicated part of the funding required to complete the current acquisition of MRIF’s stake.
Country updates
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August 31, 2018
UTS opens 39-km portion of M-11 road project
UTS, a VINCI Highways’ subsidiary, has opened the newly-delivered MSP 1, a 39km tolled section of the M-11 highway, which will link Moscow and St Petersburg upon completion. The s...
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February 16, 2018
New concession agreement for US$1.5 billion Russian road project
The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of the Russian Federation, AVTOBAN, a Russian road-building company, and Makyol, a Turkish construction company, have ann...
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February 16, 2018
The Government of Yamalo-Nenets has announced that the 30 year concession agreement for the project could be signed with Airports of Regions in the first quarter of 2018
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December 14, 2017
The city of St Petersburg has shortlisted five teams willing to participate in the development of the project
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September 06, 2017
RDIF-led consortium completes acquisition of 25% of Pulkovo Airport
VTB Capital has completed the sale of a stake in the operator of Pulkovo Airport in St. Petersburg, Russia.
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