2007 March
Quadriga Capital Russia invests in Neva Travel GroupSt. 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.
Neva Travel Group was established in 1990 in St. Petersburg and provides outgoing and incoming travel services to Russian and international tourists. In 2005, the company serviced more than 200.000 tourists to outgoing holiday locations in Europe, Asia and the Americas. Neva Travel Group is exclusive distributor for Pulkovo Aviation Enterprise and has been growing steadily in the last 15 years to become one of the largest independent Russian tour operators.
Quadriga Capital Russia Private Equity Fund II L.P. is a private equity fund managed by Quadriga Capital Russia with offices in St. Petersburg, Moscow and Nishni Novgorod. Investors to the Fund include the European Bank for Reconstruction and Development, the International Finance Corporation, 3i and a number of private and institutional investors.Back to news & events list »»» This event – see also:
Last News & Events:
|
