Elbrus Capital acquires minority stake in realty classifieds group Cian

Elbrus Capital, a major private equity business operating in Russia and neighboring countries, has acquired a minority stake in Cian Group, a major player on the Russian online realty classifieds market.

The deal included both the sale of existing shares and a subscription for new shares. The amount of the investment and the size of the acquired stake have not been disclosed, but Russian business daily Kommersant reported from unnamed sources that Elbrus got 27% of the group.

Continue reading