Moscow Times 29 Feb 2012
A group of funds has invested $100 million into telecom tower leasing company Russian Towers, a rare deal in a country that has traditionally attracted little private equity investment.
The bulk of the investment is coming from new equity investors including Macquarie Renaissance Infrastructure Fund, or MRIF, which will invest $50 million, and emerging market investor ADM Capital, investing $20 million, according to a press release from MRIF.
Another $15 million is coming from Russian Towers’ founding shareholders, Russian-focused private equity fund UFG Private Equity and the European Bank for Reconstruction and Development.