St. Petersburg, Russian Federation: the Neva Travel Group, one of Russia's largest tour operators working through with a network of more than 2000 partner agencies in Russia and the CIS, has increased its share capital to finance its further expansion within the growing Russian tourism market. The private placement was subscribed by Quadriga Capital Russia Private Equity Fund II L.P. in exchange for a 25% stake in the company.  Details of the transaction were not disclosed. The proceeds are used to acquire a hotel in Bulgaria, one of Neva Travel Group's core destinations, and to expand the group's fleet of travel buses servicing Neva Travel Group's Scandinavian and European destinations.

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